Marcus & Millichap Negotiates $4.5M Sale Of Industrial Property In Colorado Springs

The property asset involved in this transaction is a flex industrial building located at 3450 North Nevada Avenue in Colorado Springs, CO. The asset encompasses an area of 2.8 acres and has a total square footage of 54,882. It was sold for a price of $4,500,000, which calculates to a price per square foot of $82.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,500,000
• Address: 3450 North Nevada Avenue
• Market: Colorado Springs, CO
• Acres: 2.8
• Square Footage: 54,882
• Price per Square Foot: $82
• Brokers: Maxwell Rist & Brandon Kramer - Marcus & Millichap

This transaction was facilitated by Marcus & Millichap, who successfully negotiated the sale to a private investor group based in California and New York. The representation of the buyer in this deal was provided by the brokers Maxwell Rist and Brandon Kramer.