DENVER, January 20, 2022 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 5145 Colorado Boulevard, a single-tenant, 12,517-square-foot industrial property located in Denver, Colorado, according to Adam A. Lewis, regional manager of the firm’s Denver office.

Adam Abushagur, senior managing director investments, and Alyssa Tomback, associate, in Marcus & Millichap’s Dallas and Denver offices, respectively, had the exclusive listing to market the property on behalf of the seller, a private investor.

“The property’s location made it particularly desirable as it is situated at a highly trafficked junction of Colorado Boulevard and Vasquez Boulevard,” commented Tomback, “Further, the property features an active rail spur, two drive-in doors, and a one-ton crane.”

“Our team responded to deferred maintenance by negotiating a re-trade and assisted the seller in liquidating the asset for estate planning purposes,” said Abushagur.

5145 Colorado Boulevard is located in Denver, Colorado. The subject property is situated on 1.41 acres and was built in 1955.

 

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About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.