Industrial Parcel in Arvada to be Developed into Flex Space
Madison Commercial Properties, a full-service commercial real estate company based in Denver, has announced the sale of 6762 Fig Street, Arvada. The vacant light industrial parcel, consisting of 2.10 acres, sold on March 9, for $640,000 or $7.00 per square foot. The parcel part of the well-established Parkway Center Business Park and will be developed into flex space for lease.
Jessica Smith and Todd Brown, associate brokers with Madison Commercial Properties, represented both the buyer and
seller, Center Land Properties, Inc and Hamilton Brothers Properties, LLC, respectively.
“With increased developmental interest in the northern sector, this was a particularly interesting area for investors looking
to build-out investment flex space for lease. The buyer has entitlement well underway and is expected to break ground later
this year.” stated Jessica Smith, associate broker with Madison Commercial Properties.