Denver retail center acquired by Aurora investors for $7.6 million

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Denver County

Address: 5135-45 Chambers Road, Denver

Land Size: 2.2 acres

Improvements: 12,047-sf & 8,707-sf retail buildings (20,754 sf total), YOC 2002

Date of Recording: 12/12

Reception No.: 2017161763

Price: $7.6M, or $366.19 psf

Grantor: Gaffey Chambers LLC, c/o Westwood Financial Corp., California

Grantee: Kims Investments Inc., Young M. Kim, pres., & Peakview Plus LLC, Timothy I. Chang, mbr.

Financing: $4.57M payable to Bank of Colorado, due 1-5-2028

Comments: Property was listed for $7.8M but sold on a 6.95% cap rate at $7.6M. Property was listed by Kevin Fryman @ 844-585-7674 and Ed Hanley @ 844-585-7677, Hanley Investment Group. Tenants in the buildings include O’Reilly, Metro PCS, Little Caesars, Subway and Advance America.

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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