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Deal Announcement
June 23, 2025
DePaul Real Estate Advisors is pleased to announce the successful sale of two long-term ground leases in Monument, Colorado and Grand Junction, Colorado.
At 1925 and 1945 Deer Creek Rd. in Monument, the 99-year absolute net ground lease features CPI rent increases every three years. Quality improvements consist of a 36-unit small-bay industrial condominium atop 3.23 acres of land. Monument, Colorado is a fast-growing area north of Colorado Springs with easy access and direct visibility to I-25.
At 708 23 1/10 Road in Grand Junction, the 99-year absolute net ground lease features CPI rent increases every five years. Quality improvements consist of 3 small bay industrial buildings with high clearance warehouses set atop 1.27 acres of land. Grand Junction is Colorado’s largest western slope metropolitan area.
Jarod Pate with DePaul Real Estate Advisors represented the seller, a private investor. A comprehensive marketing strategy generated multiple offers and the buyer was carefully vetted to ensure execution. DePaul coordinated diligence and closed on the properties without delays. DePaul would like to thank John Renfrow of Renfrow Realty for its professional representation of the buyer.
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income-producing and investment properties, commercial financing, leasing and site selection.
For more information regarding the services DePaul Real Estate Advisors provide, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.
At 1925 and 1945 Deer Creek Rd. in Monument, the 99-year absolute net ground lease features CPI rent increases every three years. Quality improvements consist of a 36-unit small-bay industrial condominium atop 3.23 acres of land. Monument, Colorado is a fast-growing area north of Colorado Springs with easy access and direct visibility to I-25.
At 708 23 1/10 Road in Grand Junction, the 99-year absolute net ground lease features CPI rent increases every five years. Quality improvements consist of 3 small bay industrial buildings with high clearance warehouses set atop 1.27 acres of land. Grand Junction is Colorado’s largest western slope metropolitan area.
Jarod Pate with DePaul Real Estate Advisors represented the seller, a private investor. A comprehensive marketing strategy generated multiple offers and the buyer was carefully vetted to ensure execution. DePaul coordinated diligence and closed on the properties without delays. DePaul would like to thank John Renfrow of Renfrow Realty for its professional representation of the buyer.
DePaul Real Estate Advisors is a full service commercial real estate advisory and brokerage firm that specializes in income-producing and investment properties, commercial financing, leasing and site selection.
For more information regarding the services DePaul Real Estate Advisors provide, please contact Paul DeCrescentis or Jarod Pate at 303-333-9799.