Dacono, CO – December 1, 2023 – SVN | Denver Commercial is pleased to announce the sale of 250 Perry Lane in Dacono. The 9680 sq. ft. Industrial property was sold for $ 2,335,000.00.
Jeff Heine with SVN | Denver Commercial represented the Seller, P & L Smith LLC. This newer construction, industrial property with a large fenced yard was purchased as a Sale Leaseback. The Seller who owns and operates an environmental engineering company, will lease back the property for 5 years. The buyer is a local investor who purchased the property as an all cash transaction. 
“Due to the increased cost of capital for many businesses, sale-leasebacks are an increasingly attractive option” said Jeff Heine, who represented the seller. “It’s not uncommon for business owners to be facing double-digit interest rates for traditional business lending, so many of those who also own their operating property are choosing to capitalize their real estate at a much more attractive rate”.