© 2024 Real Estate Consultants of Colorado, LLC
Austin, TX
The pandemic has accelerated investor interest in distribution facilities as consumer taste moves further from in-person to online shopping but our jaws were on the floor when we saw that a Maryland-based investment firm just purchased a former Costco being converted to an Amazon warehouse in a Los Angeles suburb for over $548 per square foot. Wow! To give you context, 1601 Wewatta Street in Union Station holds the Denver record for the highest price paid for an office property at $742 per square foot.
The pandemic has accelerated investor interest in distribution facilities as consumer taste moves further from in-person to online shopping but our jaws were on the floor when we saw that a Maryland-based investment firm just purchased a former Costco being converted to an Amazon warehouse in a Los Angeles suburb for over $548 per square foot. Wow! To give you context, 1601 Wewatta Street in Union Station holds the Denver record for the highest price paid for an office property at $742 per square foot.
© 2019 Real Estate Consultants of Colorado, LLC