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Colorado Springs Industrial Investment Sold for $2,700,000

Posted by Unique News Team on September 26, 2017
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Colorado Springs, CO  (September 20, 2017) —Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, announces the sale of an industrial investment property located at 704-706 South Sierra Madre Street in Colorado Springs, Colorado.  Nueva Americana III, LLC purchased the property from Sierra Madre Investors, LLC in an off-market transaction.

The 40,488 Square Foot, single-tenant, industrial warehouse building sold for $2,700,000.  The property is 100% occupied by ABC Supply with approximately 9 years remaining on a NN lease.  It was constructed in 1921 and sits on 2.69 acres.  The property was purchased by Sierra Madre Investors, LLC in April 2016 for $2,390,000.

Sam Leger and Tim Finholm, both Executive Vice Presidents at Unique Properties, Inc. / TCN Worldwide, represented both sides of the transaction.

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