Marcus & Millichap arranges $3.1 million sale of Colorado Springs industrial property
MMI•Marcus & Millichap arranged the $3.1 million sale of a 3.61-acre industrial outdoor storage property in Colorado Springs. Tuffli Company bought it from Conrad IOS in an all-cash transaction that closed at 97% of the listing price after multiple offers.
1. Property sale
Tuffli Company acquired the property at 777 Conrad St. from Conrad IOS. The all-cash transaction closed at 97% of the listing price following multiple offers.
2. Lease terms
The CDL Schools occupies the site under a five-year triple-net lease with a corporate guarantee and a five-year renewal option.
