Littleton shopping center is snagged by Florida Investor for $10.85 million

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Arapahoe County

Property Location: 6901-6905 S. Broadway, 6985 S. Broadway, Littleton

Property Description: 75,831-sf shopping center, YOC 1978-1985, updated 2012 (including 6,120-sf freestanding liquor store building, YOC 1985; 13,766-sf freestanding strip building, YOC 1985; 9,523 sf freestanding retail building, YOC 1985; 8,946-sf strip center building, YOC 1978, masonry; 5,712-sf retail building, YOC 1978, masonry; 17,858-sf retail center building, YOC 1978, masonry; 1,399-sf fast-food restaurant, YOC 2017, masonry)

Land Size: 8.306 acres in seven parcels

Sales Price: $10.85M, or $143.08 psf

Reception No.: D8062620

Closing Date: 6/20

Grantor: Broadridge Plaza LLC (Adam Karon, pres., Transmark Co., 520-906-1580, Tucson, AZ

Grantee: Broadridge Shopping Center LLC (Scott Auker, mgr.), c/o Suncap Broadridge LLC, 561-212-4425. Brian Mark, mgr., iis other contact for buyer.

Financing: $7.48 million payable to Goldman Sachs Mortgage Co.

Comments: Major tenants include: All Spirits Liquor Store – 6,120 sf, You Fit Health Club – 18,166 sf, Mountain High Appliance – 14,767 sf, Creative Needle – 5,391 sf, Andy’s Frozen Custard – 5,304 sf; Manna Bakery – 4,220 sf, Alphagraphics – 3,688 sf, Jackson Hewitt – 1,470 sf, Alpine Trophies – 1,875 sf, Downtown Dinners – 1,620 sf; Studio M Salon – 1,620 sf, Frame It – 1,875 sf & Diamond Coat. Listed and sold by Larry Thiel of Transwestern, 303–407-7417 or [email protected]

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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