Industrial property trades for $4 million
11.2.16 Commerce City Industrial Building Sale, Denver Industrial Real Estate, Nick SchillThe property sold on an in-place cap rate of 7.5%, with 15 tenants and 100% occupancy. The lease rate is $9.76 per square foot, modified gross, and expenses are $1.44 psf. Seller acquired this property in core and shell condition in February 2010 for $1.05M. ...