- Location: 3333 E Center Dr, Milliken, CO
- Size: 131,389 sf
- Service Type: Capital Markets Group, Industrial
Avison Young completes $13 million sale-leaseback of Ranger Energy Services Mission Critical industrial facility in Milliken, CO.
Avison Young’s Industrial Services team in Denver comprised of Principals Rick Egitto, CCIM and Dawn McCombs, and Associate Kevin Hann, together with Jonathan Hipp and Rich Murphy of Avison Young’s Net Lease Group in Washington DC, represented the seller Ranger Energy Services, and sourced the Salt Lake City-based buyer, The Ninigret Group, L.C., who was in a 1031 exchange. The Ninigret Group has secured a new long-term lease with Ranger Energy Services that will provide market-driven cash flow.
“Avison Young ran an extremely competitive process forcing us to shorten our due diligence timeline to win the deal. Our familiarity with the oil and gas industry and Ranger Energy’s excellent financial position and first-rate management team allowed us to get comfortable with the transaction fairly quickly. Rick and his team were instrumental in promptly providing us with the due diligence materials we needed as well as demonstrating the current and expected growth along the I-25 corridor.”
- Randolph Abood, President of Ninigret Group.