SRS COMPLETES RECORD-HIGH PSF SALE OF
LIGHT-INDUSTRIAL/FLEX PROPERTY IN PARKER
Parker-based KDC Colorado LLC today announces the sale of 10007 Jordan Road in Parker, CO. The 4,352 square foot former dry cleaner was sold for $1,310,000 ($301/SF). Justin Gregory and Patrick McGlinchey of SRS Real Estate Partners represented KDC Colorado while the Buyer, DKR Holdings was represented by Tower Realty Partners. The buyer will be completing extensive renovations within the property for use as a medical office. Patrick and Justin had previously set the PSF record for a vacant light industrial / flex sale in Parker at $220/SF on their 18450 Apache Drive listing earlier this year.
Patrick McGlinchey, Vice President of SRS’s Denver office stated, “There is an impressive scarcity when it comes to owner-user properties available for sale in Parker and this property which features a drive-through, roll-up door, and retail storefront is a true jewel. We had the property on market for less than a month before receiving our first offer and ultimately solicited multiple offers which made a call for Best and Final Offers appropriate.”
“Having extensive experience in Parker’s owner-user sales market allowed us to go under contract with a local tenant we were familiar with who was represented by a buyer-brokerage team we had just closed on another Parker property with” stated Justin Gregory, Vice President. “It was this experience which provided us with the confidence to guide the seller in selecting the right buyer to close.”
About the Team:
Patrick McGlinchey: https://srsre.com/people/patrick-mcglinchey
Justin Gregory: https://srsre.com/people/justin-gregory
SRS Real Estate Partners’ Denver office is a full-service CRE brokerage firm providing buyer/tenant, seller/landlord, and investment sale services across the state of Colorado. https://srsre.com/Denver
