Property Location: 2595 S. Lewis Way, Lakewood, “North Bear Crossing”
Property Description: 31,954-sf retail center (four buildings) YOC 2004,
Land Size: 4.36 acres
Sales Price: $8.35M, or $261.31 psf
Reception No.: 2017007029
Grantor: North Bear SPE LLC, c/o Sperry Equities LLC, Burton Young, mgr., 949-705-5004, 18881 Von Karman, Suite 800, Irvine, CA 92612
Grantee: North Bear Meadows LLC, Robert A. Kantor, mgr., 460 E. Sun Valley Road, Suite 203, Ketchum, ID 83340
Closing Date: 1/18
Financing: $4.9M payable to Sun Life Assurance Company
Comments: Lot 12, Block 1, North Bear Crossing Sub. Lot Line Adjustment No. 1, f2016747. This property last sold in July 2014 for $5.68M. Tenants include Domino’s Pizza, Anytime Fitness – 5,308 sf, Thirsty Bear Bar & Grill – 2,333 sf, Urgent Care Extra – 4,732 sf. Lease rates are quoted at $18 to $20 per square foot. Property was listed and sold by Riki Hashimoto & Dan Grooters of NGKF Capital Markets.
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.