Buyer slides into Payless Shoes retail building for $835,000

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Jefferson County

Address: 9409 Sheridan Blvd., Westminster, “Payless Shoes”

Improvements: 3,816-sf retail building, YOC 1995, masonry

Land Size: 24,829 sf

Date of Recording: 1/5

Reception No.: 20180002492

Price: $835,000, or $218.81 psf

Grantor: L. Lane Loyko, Trustee, & Phyllis Atterbury Trust

Grantee: CDG – Austin Bluffs LLC c/o CenterPointe Development, Matt Ladendorf, mgr., 602-448-8766, or Clint Jameson, 602-538-3637

Comments: This property is the down leg of a 1031 exchange for property at 4296 Austin Bluffs Pkwy. in Colorado Springs that sold for $2.5M. Buyer purchased property for mostly land value as tenant has less than two years until the end of its lease. See El Paso County deed, 2017092067 dated July 31.

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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