Facts
- ACQUIRED: $6,000,000 in 2013
- Type. Industrial
- Size 121,000 SF (two building complex)
- Major Tenants: Signature Offset, Puregas, Carts of Colorado & LaFuma
- Acquisition Date: 2013
- Purchase Price: $6,100,000
- Sale Date: 2018
- Sale Price: $12,200,000
224 and 226 Commerce were acquired from two separate owners. During the holding period, the sponsor converted all leases to professional triple net lease agreements and increased rents. In 2018, properties were sold to Stockton Real Estate Advisors for more than double the original acquisition price.