Brett MacDougall and Michael DeSantis of Unique Properties Announces the Following Sale:
Fully Leased, New Construction Flex Property Sells for $4.8 Million in Parker
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 10120 Twenty Mile Rd in Parker, CO for $4,830,000 ($365/SF) at a 6% Cap Rate.
Brett MacDougall and Michael DeSantis, Vice Presidents, with Unique Properties, Inc. / TCN Worldwide, represented the Buyer 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, a local owner/developer, began constructing the building in 2021, and is approaching completion. The building is 100% occupied by two long term tenants on triple-net leases. The asset is extremely well situated in Parker with quick access to Parker Rd, Lincoln Ave & E-470.
“The Buyer was attracted to not only the overall quality of the construction, but the ease of the NNN leases with established, recession proof tenants” Brett MacDougall noted. The property is over 13,000 SF and sits on 1.5 acres; its location is well within the path of development that is ongoing within the City of Parker, which presented an optimistic outlook for the Buyer down the road.
“As it becomes tougher to find attractive investment properties throughout the Denver Metro Market, our client was thrilled to be able to acquire a functional and stabilized asset within a top-ranked trade area” MacDougall added.
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
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 450 commercial real estate transaction in 2021. 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.