North College retail strip center trades for $2.49 million
The lack of a grocery anchor didn’t dampen investor interest in a 16,923-square-foot retail strip center in Fort Collins. Country Club Corners, a 100 percent-leased center at 1612 N. College Ave., saw “at least 25 to 30 inquiries” due to the smaller size of the deal and the lack of competing product available in Northern…
Kris Oppermann Stern
January 21, 2019
Construction to start on Stapleton retail
The Shops at Beeler Park, situated on a site adjacent to Dick’s Sporting Goods Park, home of the Colorado Rapids, will feature a mix of pad sites and two multitenant buildings.
Jolene Wollett
January 20, 2019
50-year-old Englewood bar sold to Littleton investor for $480,000
Arapahoe County Property Location: 3142 W. Hampden Ave., formerly “Too Drinks Lounge” Property Description: 1,916-sf bar/restaurant, YOC 1965, masonry construction Land Size: 16,105 sf Sales Price: $480,000, or $250.52 psf Reception No.: D9000162 Closing Date: 12/31 Grantor: Elias B. Andrade Grantee: Big Time Properties LLC (Anthony Acosta, mgr.) Financing: Cash Comments: Listed by John Hernandez Realty, Desiree Flores, 720-338-8107 Comp…
John Winslow
January 17, 2019
Englewood retail condominium investment on South Broadway sold for $2.25 million
Arapahoe County Property Location: 3401 S. Broadway, Englewood, “Broadway Lofts” Property Description: 6,073-sf retail condo building, YOC 2017, masonry construction Land Size: 7,576 sf Sales Price: $2.25M, or $370.49 psf Reception No.: D9000352 Closing Date: 1/2 Grantor: Drake Englewood Partners LLC (Jonathan Power, mgr.) Grantee: Gardner Development LLC (Sheldon & Amber Gardner, mgr.), Montrose Financing: $1.55M @ 5.5% payable to FirstBank,…
John Winslow
January 16, 2019
South Broadway retail sells for $311 per sf
A fully renovated, multitenant property along South Broadway in Englewood recently traded hands for $311 per square foot.
Jolene Wollett
January 13, 2019
Longtime Denver plumber acquires building near West 29th & Sheridan for $1.7 million
Denver County Property Location: 5005 W. 29thAve., Denver Property Description: 3,651-sf, three-bay auto service garage, YOC 1973, masonry Land Size: 13,034 sf Sales Price: $1.7M, or $465.63 psf (improvements), or $130.43 psf (as if vacant) Reception No.: 2019001319 Closing Date: 1/4 Grantor: Vigil Holdings LLC (Joe Vigil, mgr.), 303-477-0210 Grantee: 5005 W. 29thAve LLC (John Ward, mgr.), 303-232-6611 Financing: Cash Comments:…
John Winslow
January 11, 2019
The changing buyer profile of retail properties
The parties at the closing table for retail properties in Colorado are drastically different today compared to the past. As Colorado’s economy continues to accelerate and its population continues to grow, investors
CREJ
January 8, 2019
Private capital retail sector: What are we selling?
Private capital, multitenant retail investment offerings have never experienced such a wide range of valuations. Pick any metric; the statement will apply: cap rate, price per square foot, projected internal rate of return, etc.
CREJ
January 8, 2019
South Carolina firm assembles RiNo properties for $10.1 million
Denver County 1. Property Location: 2620 Walnut St., Denver, "10 Barrel Brewing Restaurant" Property Description: 9,375-sf restaurant, YOC 1929, brick construction Land Size: 9,397 sf Sales Price: $5M, or $533.33 psf Reception No.: 2019000372 Closing Date: 12-20-18 Grantor: North of the Border LLC (Kenneth Wolf, 75%, & Ari Stutz, 25%) Grantee: Rino Edens LLC (Jodie W. McLean,…
John Winslow
January 7, 2019
Social club/bar/restaurant in Aurora sells for $1.51 million
Arapahoe County Property Location: 15821 E. Centretech Circle, Aurora Property Description: 9,120-sf social/recreation building, YOC 2003, brick/stucco Land Size: 1.5 acres Sales Price: $1.51M, or $165.02 psf Reception No.: D8119764 Closing Date: 11/30 Grantor: Retired Enlisted Association, Chapter 39, Charles D. Baum, pres.) Grantee: Robert Martinez, Aurora 80018 Comments: Listed and sold by Sandra Fish of Fish Realty,…
John Winslow
January 3, 2019
