August 22, 2022
Announcing the Sale of Two Vacant Parcels Totaling 2.05 Acres in Dransfeldt Business Park, Parker, CO.
Denver, CO – August 22, 2022 – Madison Commercial Properties is pleased to announce the sale of two adjacent vacant land parcels at Dransfeldt Business Park – Lots 5A and 6A, west of Dransfeldt Road and south of Lincoln Meadows Parkway, in Parker, CO. The light industrial zoned lots, totaling 2.05 acres, sold on August 22, 2022 for $1,200,000 or an average of $13.44 per square foot.
Jessica Smith, Senior Commercial Real Estate Advisor with Madison Commercial Properties, represented the Buyer, Unlimited Leasing LLP in the transaction. Nick Beach, Associate Broker with Trevey Commercial Real Estate, represented the Seller of Lot 5A, while Joshua Cohen, Senior Broker with John Propp Commercial Group, represented the Seller of Lot 6A.
“Land continues to be one of the strongest assets in commercial real estate, and pricing has increased significantly over the last couple of years despite the pandemic. In Colorado, Parker continues to be an extremely sought-after area in commercial real estate and this purchase allows a well-established company to build their headquarters, while consolidating a multitude of smaller properties. With its proximity to E-470, this is the perfect location to not only maintain, but to grow their client base throughout the Denver metro and the buyer expects to break ground on their flex space early next year.” stated Jessica Smith, Commercial Real Estate Advisor with Madison Commercial Properties.