March 14, 2022
Announcing the Sale of 5350 Broadway in Denver, CO.
Denver, CO – March 15, 2022 – Madison Commercial Properties is pleased to announce the sale of 5350 Broadway, Denver, CO. The 3,500 square foot two-unit industrial building was sold on March 14, 2022, for $1,300,000 or $371 per square foot.
Nick Jurgens, a Managing Partner with Madison Commercial Properties, represented the seller, Athi Holdings, LLC, in the transaction. Jessica Smith, Sr. CRE Advisor with Madison Commercial Properties, represented the Buyer, JD Patterson LLC, owner of Denver’s 1-800 GOT-JUNK.
“The price per square foot we were able to achieve speaks to the strength of the Denver Industrial market. My client was thrilled with the end result and is excited to move his business into a larger facility,” stated Nick Jurgens, a Managing Partner with Madison Commercial Properties.
“This purchase afforded the Buyer the opportunity to expand his operations in the north Denver metro while finding the building of choice in a highly competitive industrial market. Madison Commercial was honored to assist another business owner in the path to ownership,” stated Jessica Smith, Sr. CRE Advisor with Madison Commercial Properties.