We truly enjoy working with our clients. They come from a variety of backgrounds and include real estate professionals, small business owners, and (no kidding) a rocket scientist. This year we even handled transactions for three different clients that live out of the country! But hands down, the most unique circumstance for us this year were two transactions we handled for former florists.
After struggling for several years in the declining floral market, these clients were able to sell their greenhouse in Boulder County for a premium price to a group that will use the facility to grow legal marijuana. Wisely, they reinvested their good fortune into Denver’s incredible apartment market. Our clients purchased two handsome 12-unit buildings we had listed for sale to complete their 1031 Exchange.
Legalized marijuana will continue to have an impact on Colorado real estate in 2015. We were even contacted by a reporter from the Colorado Real Estate Journal that is doing a story on the large number of commercial buildings being re-purposed for the growing marijuana industry.
Madison & Company Properties
Madison Commercial Properties
1221 South Clarkson Street, Denver, CO 80210