SVN | Denver Commercial is pleased to announce the sale of 5981 N Tennyson St. and 4750 W. 60th St. In Arvada, CO. The 99,500 sq. ft. three building Industrial complex sold for $10,000,000 on January 6th. Mark VII had been a long term tenant at the properties prior to the sale.
Mark VII is the North America subsidiary of WashTec AG of Germany, a world leader in providing componentry and solutions for all aspects of vehicle washing. WashTec has 1,800 employees in more than 80 countries. “After analyzing a move to another property, Mark VII decided that ownership in place would be a better long term investment and solution for them. Facing business disruption and high improvement costs, they opted to pursue a stay-in-place strategy that included investments in efficiency that will take their business to the next level and avoided disturbance to their thriving enterprise.” said Brian McCririe, MCR of SVN / Denver Commercial.
Brian McCririe and Steve Kawulok with SVN | Denver Commercial represented the Buyer, Mark VII Equipment Inc. The Seller, Mathews Family LLC, was self-represented.