Leasing of Flex Space in Frederick Prompts Neighboring Land Sale
5.03 acres of land located at 4465 Salazar Lane in Frederick, CO has sold for $700,000. In addition, 100 percent of the 12 units at a new 30,000-square-foot flex space in a neighboring area located at 4030 Bruin Blvd, were leased to small business owners including contractors, financial advisor, coffee roaster, pool services, auto accessories
Cobey Wess and Dan Leuschen with SVN | Denver Commercial Northern Colorado Division handled the sale between the Seller, Hirschfield Camino South, LLC and the Buyer, Michael T. Lynn.
Lynn recently developed the 30,000 square feet of flex space consisting of two buildings and individual units ranging between 2,500 – 5,000 square feet. The units were completely finished with one-third of the space as beautifully finished offices and the remainder bright, clean, shops/warehouses with high ceilings. Wess and Leuschen assisted in the leasing efforts at 4030 Bruin Blvd in Frederick and are pleased with the quality of tenants that quickly filled up the buildings.
“Being a local business owner and developer, we really wanted to market our product to the local business owners in Northern Colorado. Cobey and Dan understood what we wanted to achieve
and went right after it. I was amazed with their knowledge and professionalism, they knew exactly what to do, before we knew it, we were 100 percent leased out with a great group of tenants” said Lynn.
It was such an efficient leasing process that the developer is proposing another project on the land at 4465 Salazar Lane. “The new project will potentially consist of office warehouse condos that will be available for purchase, along with larger spec space to meet demand that’s finding its way along the I-25 corridor. Build-to-suit projects are also viable options on the new 5 acre lot,” said Wess.