Aurora neighborhood retail strip center sells for $3.75M

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Arapahoe County

Property Location: 2300-2350 S. Chambers Road, Aurora

Property Description: 35,756-sf retail strip-center, YOC 1985, masonry

Land Size: 3.745 acres

Sales Price: $3.75M, or $104.88 psf

Reception No.: D8073430

Closing Date: 7/24

Grantor: ADRE Country Square LLC (Andy Klein, mgr.)

Grantee: Country Square Plaza LLC by: Miller Real Estate Investments LLC (David Goldberg, mgr.)

Financing: $2.62M payable to Guaranty Bank & Trust, due 7-24-2028

Comments: Listed by Riki Hashimoto & Dan Grooters of NGKF. Tenants include Dollar Store, Chambers Event Center, Sheabeen Irish Pub. The property sold on a going-in cap rate of 9.8%, based on 96% occupancy.

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 [email protected]

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