Brett MacDougall, Michael DeSantis and Hudson Cramer of Unique Properties Announces the Following Sale:
Rare Single-Tenant Industrial Investment Portfolio Sells in Centennial & Englewood
14156 & 14105 E Easter Ave, Centennial, CO and 3333-3355 S Umatilla St
1975-1995 W Girard Ave, Englewood, CO
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 14156 & 14105 E Easter Ave in Centennial, CO and 3333-3355 S Umatilla St & 1975-1995 W Girard Ave for $5,200,000. Contact brokers for details on Cap Rates.
Brett MacDougall and Michael DeSantis, Vice Presidents, and Hudson Cramer, Broker Associate, with Unique Properties, Inc. / TCN Worldwide, represented the Seller in both transactions.
The two properties, situated in highly sought-after industrial submarkets, exemplify prime real estate assets with exceptional investment potential. Both properties garnered significant interest on the open market due to the functionality of the facilities, large lot sizes, long-term leasing & commitment from the national tenant that occupied both sites, and the strategic proximity to thoroughfares and established neighborhoods. Both properties were 100% occupied by Keesen Landscape, a leading commercial landscaping company, on long-term triple-net leases.
The Centennial property, which sold for $3.1M ($246/SF) respectively, spans nearly 4 acres with a 12,600 SF warehouse on site; primarily consisting of outdoor material, truck and equipment storage. The property’s prime location within one of Denver Metro’s thriving industrial districts has this positioned as a strong long-term investment for industrial property owners. It’s functional design, huge outdoor storage component and convenient access contribute to its appeal as a premier industrial facility for several business types.
The second property, located in Englewood, which sold for $2.1M ($175/SF) respectively, and serves as Keesen’s HQ, offers nearly 2.5 acres and 12,000 SF of premium industrial and office space. This property's prime location within a thriving business district has positioned it as a preferred destination for industrial users and investors. Similarly, to Centennial, its functional design, large outdoor storage and parking, and convenient access to major transportation networks have contributed to its appeal as a premier industrial investment.
The successful sale of this single tenant industrial portfolio reflects the continued interest and activity in this side of the CRE Market. As the small-mid size investment market continues to tighten with a lack of viable product and the financing markets making it tougher to get transactions done; this sale represents that quality product and strong tenants continue to sell quickly and at very aggressive cap rates.
"We are thrilled to announce the sale of these exceptional industrial properties," said The MacDougall DeSantis Group of Unique Properties. "This successful transaction reinforces the need for high-quality assets in the local investment property market. Through our detailed marketing efforts, we were able to generate multiple offers and close at a competitive price point. The outdoor storage component of these assets created demand that exceeded our expectations of these listings”.
“It was an exciting property to work on. The amount of interested we received from brokers and direct investors gives us a lot of confidence in how the industrial market will continue to perform.”
To schedule an interview with a Unique Properties Broker regarding this transaction or to find out more about where these properties traded on a cap rate basis, please contact: Katie Guardino at kguardino@uniqueprop.com or The MacDougall DeSantis Group at MacdougallDesantis@uniqueprop.com / 303-321-5888.
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.