Boulder investors buy Signature warehouse

BROOMFIELD –A Boulder real estate investment group paid $2.61 million, or $56 per square foot, recently to buy the 46,400-square-foot warehouse occupied by Signature Offset Inc., a national printing company.

Flagstaff Holdings LLC led the investment group that made the acquisition, which included local and non-local 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.

Flagstaff Holdings is pursuing other deals for industrial properties and intends to acquire an additional 250,000 square feet over the next two years.

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