Colorado Springs, CO- SVN | Denver Commercial is pleased to announce the sale of 5655 Parachute Circle in Colorado Springs. The 10,000 sq. ft. of industrial space sold for $1,000,000. John Lutkewitte, Kevin Matthews & Troy Meyer with SVN | Denver Commercial represented the seller Parachute COS, LLC. Michael Desantis & Brett MacDougall with Unique Properties represented the buyer Milon Builders LLC.
“The activity on this property was a prime example of the demand for industrial investments in Colorado Springs. The property received multiple offers within days of being on the market, and we were able to get a deal done for $50,000 higher than the asking price.” said John Lutkewitte. “The Buyer was in a 1031 exchange and was able to close in 30 days, all cash. They liked this property because of its close proximity to the growing Colorado Springs Airport as well as its strong returns.”