Cabela’s stores snapped up by Phoenix REIT for $57.5 million

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Douglas & Adams counties

(See both sales)

Property Location: 10670 Cabela Drive, Lone Tree

Property Description: 103,788-sf single-tenant retail building, YOC 2014, masonry

Land Size: 6.099 acres

Sales Price: $31.64M, or $304.86 psf

Reception No.: 2017066005

Closing Date: 9/27

Grantor: Cabelas Wholesale Inc., James A. Hagale, pres.

Grantee: SPT Prairie 10670 CB Drive LLC

Comments: Lone Tree store containing 103,788 sf sold for $31.64M, or $304.86 psf, & Thornton store sold for $25.9M, or $317.71 psf.

 

Property Location: 14050 Lincoln St., Thornton

Property Description: 82,298-sf retail building, YOC 2014

Land Size: 11.811 acres

Sales Price: $25.9M, or $314.71 psf

Reception No.: 201700085225

Closing Date: 9/27

Grantor: Cabelas Wholesale Inc., James A. Hagale, pres.

Grantee: Vereit CAB Portfolio LLC c/o Cole Capital, Todd J. Weiss

Comments: The Cabela’s in Thornton was leased back for 22 years with six five-year options.

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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