Louisville investor acquires neighborhood center in Westminster for $1.1 million

Adams County

Property Location: 3200 W. 72^ndAve., Westminster, “RMS Center”

Property Description: 8,400-sf retail building, YOC 1963, brick

Land Size: 12,630 sf

Sales Price: $1.1M, or $130.95 psf

Reception No.: 20180004188

Closing Date: 12-28-18

Grantor: M. Alice Lehman

Grantee: 72nd Corner LLC (Michael Eisenstein, mgr.), Louisville 80027

Comments: This property was listed for sale by Brad Brooks of Re/Max Commercial Alliance, 303-877-8140. This property sold on a 9.09% going-in cap rate, including 5% vacancy but not cash for reserves. The average lease rate is $11.91 triple net. Eisenstein’s cell phone is 310-488-0737

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.