Dec
11
Velocis Sells $20M Office Building Near Denver
ByThe 96,267-square-foot property was sold on behalf of the company’s client, Menlo Equities.
Flatiron Parkway
Boulder, Colo.—Velocis Advisors recently announced the sale of Flatiron Parkway, a 96,267-square-foot office building located in Boulder’s Flatiron Business Park. Velocis Advisors sold the building on behalf of its client, Dallas-based Menlo Equities, for $20.4 million according to Yardi Matrix data.
“Velocis Advisors sourced this acquisition for our client based on its strong tenancy and income-producing potential,” Paul Smith, Velocis Advisors principal, said in prepared remarks. “By identifying the opportunity to evolve the property into a true, single-tenant building, we were able to add significant value to the asset. Ultimately, that value was realized through the sale of the property to Menlo Equities.”…
