April 7, 2016
Colorado Springs, CO (April 4, 2016) — Unique Properties, Inc. announces the sale of an industrial investment property located at 704-706 South Sierra Madre Street in Colorado Springs, Colorado. The transaction closed on March 28, 2016.
The 40,488 square foot, single-tenant, industrial warehouse building sold for $2,390,000. The property is 100% occupied by ABC Supply with about 10 years remaining on a NN lease. It was constructed in 1921 and sits on 2.69 acres.
Sam Leger and Tim Finholm, Senior Brokers at Unique Properties, Inc., represented the Buyer, Sierra Madre Investors, LLC. The Seller, Hendricks Commercial Properties, LLC., was represented by Marcus & Millichap.
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