LOVELAND — The executives of a construction company in Berthoud have acquired three industrial buildings on 6.4 acres of land in Loveland that formerly were home to U.S. Engineering.
Berthoud International LLC, registered to Michael Pelphrey, president of Aslan Construction in Berthoud, and Kipp Ketterer, a principal partner of Aslan Construction, paid $2 million for the three buildings totaling approximately 48,000 square feet of space and the land at 729 Eighth St., according to public records.
Pelphrey said his company plans to use some of the space to perform maintenance on his company’s heavy equipment and rent out the rest of the space.
U.S. Engineering put the building on the market in January 2016 after relocating its operations to Johnstown.
U.S. Engineering, using the entity Grebtton LLC, registered to Gustav J. Nottbert and Jane Nottberg, listed the buildings for $4.5 million in January 2016, but that price included an addtional 10-acre plot adjacent to the property that was not part of this deal, Pelphrey said.
The Nottberg family owns and runs U.S. Engineering.
The property can be used as high-class office warehouse space and outside storage.
The site includes three buildings, the largest of which is a 35,892-square-foot office warehouse building that features a recently remodeled 12,217-square-foot office space with kitchen.
The other two buildings total 7,500 and 5,000 square feet, respectively. Amenities include radiant heat, exhaust fans, six overhead doors, seven dock spaces, cranes, compressors and a full sprinkler system.
Mike Eyer, Julius Tabert, Jon Rue and Kit Brown of CBRE’s office in Fort Collins represented the buyers in the transaction.
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