California firm pays $20.4M for Boulder office building

BOULDER – A California real estate investment firm closed last week on the $20.4 million purchase of 5775 Flatiron Parkway in Boulder, a deal that tops a recent sale in Superior as the highest-priced sale of an individual commercial building in Boulder County this year. 

Menlo Equities, based in Palo Alto, bought 5775 Flatiron Parkway, which includes a 96,000-square-foot office building, from Dallas-based Velocis, a real estate investment and management firm that had bought the property for a client for $15.95 million in 2014.

The property is the…