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DILLON, CO-A family completing a 1031 tax deferred exchange paidapproximately $1.9 million, or $371 per sf., for a 5,000-sf,freestanding building leased to Blockbuster Video in this mountaintown. The building that sits on 0.8 of an acre, would likely haveset a per sf record at this price in Denver.
Because of the expense of construction, mountain propertiestypically carry a premium. The property, listed by Gene Pride,director of Cushman & Wakefield's capital markets group,received multiple offers.
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