Adams County retail center is purchased by local investor for $2.8 million

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Adams County

Property Location: 7236 Federal Blvd., Denver, “La Conte Center”

Property Description: 14,905-sf retail center, YOC 2005; 2,400-sf retail building, YOC 2004, & 1,856-sf fast-food restaurant, YOC 1976; (total of 19,161 sf)

Land Size: 2.4 acres

Sales Price: $2.8M, or $125.25 psf

Reception No.: 74031 2018

Closing Date: 9/11

Grantor: LaConte, J&R Real Estate Administrative Trust (Brian A. LaConte, co-trustee, & Pasquale G. LaConte, co-trustee

Grantee: 72ndand Federal LLC, c/o Prime Management, (Andrew P. Wolf, mgr.), 303-997-2593 or 303-255-4700

Financing: Cash

Comments: Property is anchored by Labor Works. This property was listed for lease by SRS Real Estate, Molly Bayer & Jim Hoffman.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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