We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The Boulder Area Realtor Association in late September sold its 8,896-square-foot office building at 4885 Riverbend Road to the Community Hospital Association for $2 million.
The association needed more room and got a good offer, president Mike Bader said.
“We kind of outgrew it,” he said. “Our building was a little bit small for us, and the opportunity was right. We figured this was a good time to move forward for us.”
It also found an eager buyer. The Community Hospital Association, the nonprofit that runs Boulder Community Hospital, has been buying property in the Riverbend subdivision, which is due east of its Foothills campus at 4747 Arapahoe Road. According to the Boulder County Assessor’s Office, the association already owned six of the 12 buildings in the subdivision.
Gail Mock of Mock Realty represented BARA in the sale, Bader said.
BARA will relocate to a new building it recently purchased at 4790 Table Mesa Drive in about four to six months, Bader said.
According to BARA, B. Scot Smith and Jason Kruse of the Colorado Group represented BARA, and Hunter Barto of Dean Callan & Co. represented the seller, One Walden Building LLC.