Commercial Real Estate Sales April 2018
Commercial real estate was active in all sectors with a reported 25 sales for the month. The breakdown is: 3 office; 3 warehouse; 3 retail; 4 apartment buildings; 6 development properties; 3 vacant land parcels; 1 restaurant; 1 mobile home park; and 1 gas/convenience store. The biggest sale on record was the Picture Ranch Mobile Home Park in Clifton, which is an age-restricted over 55 adult park for 114 units on rented land. The sales price was $3,745,000.
Commercial real estate April 2018 is following the trend of a very active market. Tax incentives put in place through Mesa County and the State of Colorado are having a positive impact on businesses relocating to the Grand Valley.
| Square Feet | Land Size | Price | Use | PPSF | Address |
|---|---|---|---|---|---|
| 37,288 | 02.165 | $2,165,000 | Warehouse | $ 58.06 | 2965 North Ave. |
| 33,750 | 01.94 | $2,164,000 | Warehouse | $ 64.12 | 640 S. 12th Street |
| 23,490 | 01.70 | $1,815,000 | Retail | $ 77.27 | 104 Orchard Ave. |
| 4,096 | 00.24 | $ 277,500 | Apartment | $ 67.75 | 3225 White Ave. |
| 1,296 | 00.43 | $ 230,000 | Gas/Convenience | $177.47 | 1162 Ute Ave. |
| 1,250 | 00.02 | $ 60,000 | Warehouse | $ 48.00 | 708 23 1/10 Road #84 |
| 1,496 | 19.43 | $3,745,000 | Mobile Home Park | N/A | 3251 E. Road |
| 13,114 | 00.02 | $ 62,500 | Office | $ 42.89 | 200 N. 6th St. 1-5 |
| 4,968 | 00.16 | $ 475,000 | Retail | $ 96.51 | 701 Main St. |
| 4,512 | 00.22 | $ 445,000 | Apartment | $ 98.63 | 960 Northern Way |
| 2,275 | 00.47 | $ 385,000 | Restaurant | $169.23 | 601 N. 1st St. |
| 3,904 | 00.27 | $ 300,000 | Apartment | $ 76.84 | 116 Bacon St. |
| 3,744 | 00.23 | $ 270,000 | Apartment | $ 72.12 | 3226 Rood Ave. |
| 1,976 | 00.04 | $ 230,000 | Office | $116.40 | 2297 Tall Grass Dr. #1 |
| 10,882 | 00.60 | $ 180,000 | Retail | $ 16.54 | 2962 North Ave. |
| 2,715 | 00.02 | $ 107,500 | Office | $ 39.59 | 200 N. 6th St. #204 |
| 00.92 | $ 233,900 | Vacant Lant | 609 24 Road | ||
| 00.14 | $ 125,000 | Commercial Parking | 637 White Ave. | ||
| 00.93 | $ 78,000 | Vacant Land | 357 Indian Road | ||
| 40.00 | $1,286,800 | Development | 10 Road | ||
| 20.13 | $ 825,000 | Development | 23 Road and Ranch | ||
| 08.42 | $ 395,000 | Development | 2932 Athena St. | ||
| 17.13 | $ 333,000 | Development | 2105 J Road | ||
| 4.08 | $ 225,000 | Development | 679 25 Road | ||
| 00.13 | $ 78,000 | Development | 1710-1730 Wellington |
