Philadelphia group buys Brighton’s industrial portfolio – BizWest

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BRIGHTON – A fully leased 22-acre, 30,525-square-foot industrial portfolio in Brighton has been snapped up by an out-of-town investor for $9.25 million.

The buyer for the properties at 12628, 12706 and 12750 Weld County Road 4 was 12628 Brighton Partners LLC, a registered holding company at the Philadelphia address of Alterra Property Group, according to county real estate records.

The 22-acre, 30,525-square-foot industrial portfolio in Brighton was bought by an out-of-town investor for $9.25 million. Courtesy of Cushman & Wakefield.

The seller was Tri-County Real Estate Acquisitions LLC, which is registered at the address of one of the properties included in the transaction.

Travis Ackerman of the Fort Collins office of Cushman & Wakefield represented the seller.

“This was an excellent industrial investment opportunity in Greater Denver, which is located just off U.S. Highway 85. The property is surrounded by much of the prominent industrial activity in the southern county. of Weld,” Ackerman said in a prepared statement. “The offering attracted multiple bids and sold well above the asking price at a CAP rate of 6.1%, illustrating the interest investors continue to show in industrial property in the market.”

This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.

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