224 Commerce, Broomfield CO – Boulder County Business Report

BOULDER COUNTY BUSINESS REPORT
BY: MICHAEL DAVIDSON
BROOMFIELD
SIGNATURE DEAL: A Boulder real estate investment group paid $2.61 million, or $56 per square foot, recently to buy the 46,400-square-foot industrial building occupied by Signature Offset Inc., a national printing company.
Flagstaff Holdings LLC led the investment group that made the acquisition, which included local and nonlocal individuals and family trusts, said Dan Cohen, a Flagstaff Holdings principal.
The warehouse, at 224 Commerce St., is completely occupied by Signature Offset, which signed a long-term lease last year.
Freeman Myre Inc. represented the new owners. The seller, Flatiron Properties LLP, was represented by Chris Boston of Gibbons-White.
Financing was provided by 1stBank. Flagstaff is financing 60 percent of the purchase price at an “attractive interest rate,” Cohen said.