April 1, 2019
Transwestern Commercial Services (TCS) brokered the sale of 602 acres in Platteville, CO that was purchased for $13.5 million by an undisclosed buyer. This transaction was the largest land transaction in Weld County within the last three years.
TCS’s Craig Paton and Craig Bustos provided disposition services for the seller.
“This is representative of the classic Northern Colorado real estate play,” said Paton. “The site has historical agricultural utility that will continue, followed by extraction of minerals and enhancement of water rights and water storage. There will likely be a residential component in the future.”
Weld County has continued to grow over the last few years, and is one of the strongest in the state, and oil and gas and agriculture are the main economic drivers. The South Platte River runs directly through the site, which delivers extensive senior water rights to help the buyer maximize its investment.
For comments, questions or concerns, please contact Dennis Kaiser