Denver investor facilitates 1031 exchange for central Denver warehouse
Property Location: 505 & 525 Bryant St., Denver
Property Description: 6,000-sf brick warehouse, YOC 1962, & 5,200-sf brick warehouse, YOC 1961, total of 11,200 sf
Land Size: 23,225 sf
Sales Price: $1.32M, or $117.41 psf
Reception No.: 2018060412
Closing Date: 5/21
Grantor: CG Holdings of Colorado LLC, Kelly Letts, signatory
Grantee: 1316 Quitman Street LLC, Donald Gary Parker, mgr.
Financing: $300,000 due 2/20/2019 payable to ABW REO’s LLC
Comments: This property was listed by Nick Schill of Pinnacle Real Estate Advisors LLC. The property has been leased to medical and retail marijuana growers for $9.70 psf modified gross. The buyer sold and facilitated a 1031 exchange of 1330 Quitman for 505 & 525 Bryant St. It was represented by Unique Properties.
Click Here to Read More – Colorado Real Estate Journal