A 52,000-square-foot industrial building on a nearly 8-acre site in Centennial changed hands at a price of $12.38 million.
The state-of-the-art building at 7909 S. Chambers Road in Dove Valley Business Park was built in 2018 for a nationally recognized tenant, RoadSafe Traffic Systems. It sits on 7.94 acres with a large, fenced yard.
Records show Merritt 777 LLC bought the property from Ridge Dove Valley Partners LLC and Scott Family LP.
RoadSafe’s long-term lease commenced last year, according to Sam Leger of Unique Properties Inc.-TCN Worldwide, who represented the buyer with Unique Properties’ Tim Finholm. The buyer was completing a 1031 exchange.
Read the complete article: https://crej.com/news/single-tenant-industrial-building-with-yard-fetches-12-38m/