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3/16/16
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Garrison Business Park, a 49k sf, flex/industrial property in Lakewood, CO, sold for $7.5 mil, or $153/sf. The property was purchased by CAM Lakewood LLC. It was 100% leased at the time of sale, with tenants including Pinkard Construction and engineering firm, Golder Associates.
The property, located at 9195-9197 W. 6th Ave, seven miles southwest of downtown Denver, was sold by San Diego-based Pathfinder Partners LLC, who had acquired the asset in December 2012 from the REO department of a CMBS special servicer. The project, which was fully leased when acquired, features functional office, laboratory and warehouse spaces with nine roll-up loading doors, 16-foot high ceilings and extensive parking.
Garrison Business Park was originally built in 2009 by First Industrial Realty Trust, a publicly traded real estate investment trust. Situated on 3.76 acres, the project is centrally located in Lakewood, immediately adjacent to U.S. Highway 6, one of Denver’s main east-west thoroughfares at Garrison Street.
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