Brett MacDougall and Michael DeSantis of Unique Properties Announce the Following Sale:
Rare Single-Tenant Industrial Investment Asset Trades Hands in Centennial
National Restoration Company HQ
$5,000,000 – 5% Cap Rate
Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the Sale of 9767 East Easter Avenue, Centennial, CO by Brett MacDougall and Michael DeSantis, Senior Broker Associates, with Unique Properties, Inc. / TCN Worldwide, who represented the Buyer in this transaction. David Foley of Makers Commercial Represented the Seller in this Transaction. The property sold for $5,000,000 or $251/SF. The income of the property supported a 5% Cap Rate at the closing price.
9767 E. Easter Ave was custom built in 2008 for Blue Sky Restoration as their Corporate Headquarter Facility. The 19,800 SF Class A building was constructed with 60% high clear warehouse and 40% office with executive offices, corporate training space, retail showroom and a media/training room. The tenant recently extended their lease for an additional 6-years and has shown incredible growth since the onset of the Covid-19 pandemic. The buyer was attracted to the ease of management, quality construction, length of lease term, and the strength of the tenant and their guarantee. Blue Sky Restoration is a nationally leading restoration/disaster/renovation/environmental company with over 40 locations across the country.
The property is ideally located in the Southeast Suburban market with easy access from I-25 at Arapahoe Rd or Dry Creek. Offering some of the Metro Area’s strongest demographics and a retail rich area, the location provides many benefits for the tenant and their employee base. The property is further situated on a large lot with ample parking, offers various loading options and has strong curb appeal.
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Katie Guardino at kguardino@uniqueprop.com or Brett MacDougall at bmacdougall@uniqueprop.com or 303-512-2736
About Unique Properties, Inc. / TCN Worldwide
Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 300 commercial real estate transaction in 2016. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.