Colorado Premium Purchases Property Adjacent to Current Location
Denver, CO – Due to its rapid growth, Colorado Premium Foods, LLC. purchased a neighboring cooler freezing industrial building for $12.5 million. They acquired the 124,500 square foot property from Pinnacle Real Estate on July 6.
Prior to the sale, Colorado Premium Foods, LLC signed for a ten year lease extension on the property.
“…with their new lease at 5140 Race Court, it made logical sense for them to purchase the adjacent property at 5120 Race Court to ensure continued utilization of the entire 124,500 square feet at a long term pre-determined lease rate,” stated Mark Goodman, Senior Advisor, at Pinnacle Real Estate Advisors.
Photo courtesy of Pinnacle Real Estate Advisors