Industrial Building in Prime RiNo Location Sells for $8.15M
A 83,256-square-foot industrial building which sits on 2.58 acres 4220-4244 Broadway in RiNo has sold for $8,150,000 ($98/SF).
Brian Cox and Steve Suechting of Lee & Associates – Denver represented the seller, Helten Enterprises, LLC. The buyer, 4250 Broadway, LLC was drawn to the buildings prime RiNo location within 1/2 mile of full access intersections onto both I-70 (east/west) and I-25 (north/ south). There were no cooperating brokers involved on the deal.
The buyer, 4250 Broadway, LLC plans to add capital improvements to the building/site and lease the vacant space.
“Due to its phenomenal central location in the RINO neighborhood and the lack of small bay industrial in the market, the site was a great fit for the buyer,” said Brian Cox of Lee & Associates Denver.
Four tenants currently occupy 66 percent of the space and 28,128 square feet is currently available.
The seller, Helten Enterprises, LLC, sold the property to satisfy an exchange into another property.