Longmont, CO January 3, 2019 SVN | Denver Commercial is pleased to announce the sale 1500 Kansas Ave in Longmont. The 57,600 sq. ft. property was sold to Alice & Sage Development, LLC for $7.2 million.
“We’re thrilled to close on this property. Not only do my clients think it is a perfect fit for them, we closed with a cap rate that is well above market average,” said Jeff Heine, who represented the buyers.
The property is a fully stabilized industrial/flex asset with 9 tenants. Angela Topel and Michael-Ryan McCarty with Gibbons White, Inc represented the sellers in the transaction and Jeff Heine with SVN/ Denver Commercial represented the buyers.
Jeff Heine works in the greater Denver area, specializing in industrial sales between 20,000 to 100,000 square feet.
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