Parker, CO (April 4, 2016) —Unique Properties, Inc., is proud to announce the sale of 12760 Stroh Ranch Way, an office building located in Parker, Colorado. Phillip A. Yeddis, Senior Broker represented the Buyer.
The two-story, 17,474 square foot office building was built in 2001 and sold for $1,850,000, or $106.00 per square foot which was well below replacement costs. The Property features a 1.21 acre lot and a four per one thousand (4:1,000) parking ratio. The Property also has concrete and masonry construction, an elevator, full basement, and is fully sprinklered. It is located just 2.5 miles south of downtown Parker and Main Street.
Yeddis represented the buyer, Harwal Inc., who was coming out of a 1031 exchange. The Seller, York Properties, LLC, was represented by Trevey Land and Commercial Property.
The Property was 85% occupied at closing.