Member Deal Announcement: 1363 Horizon Ave in Lafayette, CO sold for $2,970,000 ($190/SF) at a 5.7% Cap Rate. Brett MacDougall and Michael DeSantis, Vice Presidents, with Unique Properties, Inc. / TCN Worldwide, represented the Buyer & Seller in this transaction. The Buyer, based out of California, was in a 1031 exchange and was looking to begin investing in flex/industrial properties in the Colorado Market. The Seller, has owned the property for over 12 months and has signed new leases, increased existing tenants’ rents, and improved the property. The property is 100% occupied by three long-term tenants in 15,570 SF of flex space, with a split of 75% warehouse & 25% office throughout the building.
Landmark Commercial/TCN Worldwide’s Chuck Heller Achieves SIOR Designation
Member Deal Announcement: Landmark Commercial Realty in Harrisburg, PA is pleased to announce Chuck Heller, Executive Vice President, has achieved the Society of Industrial and Office Realtors® (SIOR) designation. “The SIOR designation is one of the highest designations to achieve in our industry,” stated Jason Grace, CCIM, SIOR, Landmark’s C.E.O & Managing Principal. “On behalf of the team at Landmark, I want to congratulate Chuck on this major professional achievement.”