5655 Parachute Circle, Colorado Springs, CO 80916

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Press release – 5655 Parachute Circle, Colorado Springs, CO 80916

Colorado Springs, CO February 20, 2020 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, 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.”

About SVN

SVN | Denver Commercial serves Colorado with its offices in Denver and Fort Collins and is a joint venture between local principals and SVN | Chicago Commercial. The firm assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales; property management; corporate services; investment management; research and investment strategy; and consulting. Most recently, the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production. For more information, visit www.svncolo.com.

The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises of over 1,600 advisors and staff working in more than 200 offices across the globe. For more information, visit www.svn.com.

Contact:

John Lutkewitte

303.993.4050

John.Lutkewitte@svn.com

Kevin Matthews

303.974.5893

Kevin.Matthews@svn.com

Troy Meyer

303.974.5737

Troy.Meyer@svn.com

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