Six-tenant retail center snagged by Denver investor for $2 million

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Broomfield County

Address: 555 U.S. Highway 287, Broomfield, “Park Plaza Commons”

Improvements: 12,407-sf, single-story, six-tenant retail building, YOC 1967

Date of Recording: 12/1

Reception No.: 2017014798

Price: $2M, or $161.20 psf

Grantor: J&Y Capital Inc., Bokin IM, pres.

Grantee: Park Plaza Associates LLC, Eric R. Miller, mgr.

Financing: $1.54M payable to Academy Bank, N.A., Kansas City, MO

Comments: Listed by Marcus & Millichap, Barry Higgins & Brandon Kramer, this is a six-tenant center anchored by a doughnut shop, Allstate, Subway, Jimmie’s Lock and Key, and TQ Spa Massage.

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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