Commerce City, CO 10/25/2024 SVN | Denver Commercial is pleased to announce the sale of 4971 Monaco Street in Commerce City. The 9,600 sq. ft. industrial warehouse was sold for $1,790,000.
Cobey Wess & Wesley Perry represented the seller, UHC LLC. Cagri Gunaydin with Lokation Real Estate represented the buyer.
This deal attracted multiple offers, showcasing the high demand for industrial properties in the area and resulting in an above asking sale price. The buyer, enticed by the strategic location, a secure storage yard, significant potential for future growth, opted for an all-cash deal, facilitating a quick close that ensured a seamless transaction for both parties. This successful sale reflects the robust health of the commercial real estate market and highlights the competitive nature of industrial property investments.
The Seller, UHC LLC, also known as Ultimate Heating and Cooling, is refocusing their business towards residential projects and, as a result, no longer requires a large warehouse. They have relocated to 4321 Broadway, Denver, CO 80216, which is a more efficient and visible location for their changing business needs. Wess and Perry assisted in this relocation process, Carrie Ladd from UHC, LLC adds that ” Wess and Perry were fantastic to work with. They were efficient from the start, not only helping to sell our building on Monaco St, but also helping to find a new location, that fit our needs for our future”.