DePaul Real Estate Advisors is pleased to announce the sale of a freestanding, single tenant NNN investment opportunity located in Lafayette, Colorado. Paul DeCrescentis and Jarod Pate at DePaul Real Estate Advisors represented the seller and also handled the lease negotiations on the build-to-suit lease deal with Aspen Dental. The buyer was an out-of-state 1031 exchange. The building sold for $3,100,000, 5.1% cap rate, $886 per square foot.
The dental facility is a newly built 3,500 square foot building on 1.5 acres of land. The tenant, Aspen Dental, has 900 offices in 43 states and is one of the largest and most trusted retail healthcare business support organizations in the U.S.
DePaul Real Estate Advisors is a Denver-based brokerage and investment firm serving investors in commercial real estate and businesses that occupy commercial real estate. DePaul’s businesses include asset sales, leasing, arranging senior secured debt, mezzanine debt, preferred equity, and joint venture equity for existing and to-be-built projects. For more information, please contact Paul DeCrescentis at (303)333-9799 or Jarod Pate at (720)881-2727.
