Shadow-anchored, net-leased retail assets in Firestone sell
The growing community of Firestone appears to be attracting investor interest, with separate buyers acquiring two retail properties in unrelated deals. Firestone Safeway Marketplace, a shadow-anchored center at 8110-8196 Colorado Blvd., traded for $5 million, or $221.21 per square foot. Another buyer paid $1.78 million – or $819.85 per sf – for a net-leased retail…
Kris Oppermann Stern
September 2, 2018Security Center sells for $7.18 million in 1031 exchange
The Security Shopping Center was 83 percent occupied at the time of sale.
Jolene Wollett
August 25, 2018Aurora neighborhood retail strip center sells for $3.75M
Arapahoe County Property Location: 2300-2350 S. Chambers Road, Aurora Property Description: 35,756-sf retail strip-center, YOC 1985, masonry Land Size: 3.745 acres Sales Price: $3.75M, or $104.88 psf Reception No.: D8073430 Closing Date: 7/24 Grantor: ADRE Country Square LLC (Andy Klein, mgr.) Grantee: Country Square Plaza LLC by: Miller Real Estate Investments LLC (David Goldberg, mgr.) Financing: $2.62M…
John Winslow
August 24, 2018Investor nabs Castle Rock retail center for $619 per square foot
Douglas County Property Location: 830 New Memphis Court, Castle Rock Property Description: 5,732-sf retail strip-center, YOC 2016, brick Land Size: 37,462 sf Sales Price: $3.55M, or $619.33 psf Reception No.: 2018041051 Closing Date: 7/5 Grantor: Skyline Locust LLC, c/o Alberta Development (Donald G. Provost, mgr.) Grantee: North Dakota Holdings LLC (Paul J. Zueger, mgr.), 303-596-0566 Comments: Listed…
John Winslow
August 23, 2018Southwest Denver convenience store sells for $1.1 million
Denver County Property Location: 2680 S. Federal Blvd. Property Description: 2,070-sf convenience store with gasoline pumps, YOC 1977 Land Size: 16,750 sf Sales Price: $1.12M, or $170.40 psf Reception No.: 2018093191 Closing Date: 7/25 Grantor: Federal Blvd Real Estate LLC (Hung & Nina Tran, mgrs..) Grantee: Laxmi Ganesh 2 Inc. (Madan Sitaula, pres.), 3380 East 140thPlace, Thornton…
John Winslow
August 21, 2018Former Walmart market building trades for $6.2 million
Newberry Family LLC purchased 3125 S. Sheridan Blvd., a former Walmart Neighborhood Market, for $6.2 million, according to public records, from Duke Family Partnership LLC.
Jolene Wollett
August 17, 2018Thompson Thrift Retail Group lands first Colorado retail site
Adams County Property Location: Northeast corner Chambers & 104thAve, Thornton Property Description: Vacant land Land Size: 14.039 acres Sales Price: $4.27M, or $6.99 psf Reception No.: 57879 2018 Closing Date: 7/17 Grantor: 217 associates Partnership (Donald E. Lunnon, mgr.) Grantee: TTRG Commerce, c/o Thompson Thrift Retail Group, Indianapolis, IN (c/o Paul M. Thrift, mgr.) Financing: $5.64M payable to…
John Winslow
August 15, 2018Harkins Theatres snags Aurora site for $7 per square foot
Adams County Property Location: Northeast side Interstate 70, approx. 1,000’ southeast of Pena Blvd, Aurora Property Description: Vacant land Land Size: 12.2 acres Sales Price: $3.72M, or $7 per sf Reception No.: 60276 2018 Closing Date: 7/24 Grantor: Gateway Park IV LLC (Mike Serra III) Grantee: Harkins Aurora LLC, c/o Harkins Theatres, Mike Bowers, president, 480-627-7777, or…
John Winslow
August 14, 2018Florida investor snags Westminster retail strip center for $3.25 million
Adams County Property Location: 13591 Huron St., Westminster Property Description: 5,389-sf retail strip center (three tenants), YOC 2016 Sales Price: $3.25M Reception No.: 54742 2018 Closing Date: 6/27 Grantor: Westminster Huron Retail Group Grantee: 13591 Huron Street LLC, 3000 Gulf to Bay Blvd., Suite 303, Clearwater, FL Financing: Cash Comments: Tenants include a liquor store,…
John Winslow
August 13, 2018Broadridge Shopping Center sells for $10.85 million
Fort Lauderdale-based SunCap Opportunity Fund LLC purchased the Broadridge Shopping Center, a 75,831-square-foot center at 6905 S. Broadway
Jolene Wollett
August 6, 2018