Shopette sells at record cap rate

The buyer purchased Woodmen Plaza, a 6,502-square-foot multitenant retail building at a cap rate of around 5.75 percent – the lowest cap rate for a stabilized multitenant retail property in Colorado Springs.

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Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and industrial news in the Denver metro area plus all property types in Colorado Springs, Southern Colorado, mountain towns and the Western Slope. She also handles High Fives news for the paper and is editor of the Health Care & Senior…