Colorado Real Estate Journal - December 16, 2015
A trio of buildings off of the Diagonal Highway in Boulder sold to an investment group for $11.75 million, or $103.97 per square foot. Winchester LLC, led by an Alaska-based investor, bought the buildings at 6797, 6837 and 6899 Winchester Circle from a San Diego group that had owned them for several years. The buildings were more than 90 percent occupied, according to B. Scot Smith of The Colorado Group, who represented the seller with The Colorado Group’s Audrey Berne. The buildings comprise 113,016 sf. Encision, a surgical instruments company, occupies about three-quarters of the 36,034-sf office/flex building at 6797 Winchester. Molecular Products Inc. occupies 6837 Winchester, a 38,814-sf office/warehouse building. Tenants in 6899 Winchester, a two-story, 38,322-sf office building, include Micro Motion and Sunrise Medical. Brian Bair of NAI Shames Makovsky said the buyers own other properties in Boulder, Greeley and along the Front Range. “They do believe it was a good opportunity. They’re long-term holders, taking a very long-term view of Northern Colorado, literally over the next 20 years,” he said.