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Trammell Crow fetches Village at Forest Trace strip center for $8.9 million

Arapahoe County

Property Location: 23870-90 E. Smoky Hill Road, Aurora, “Village of Forest Trace”

Property Description: 16,506-sf retail center (two buildings), YOC 2016

Land Size: 1.9 acres

Sales Price: $8.9M, or $539.20 per sf

Reception No.: D7105471

Closing Date: 9/15

Grantor: Forest Trace Holdings LLC, Marc Cooper, mgr.

Grantee: CH Retail Fund II Denver Forest Trace LLC

Comments: Property was listed by Legend Group and sold on an in-place cap rate of 6.2%. The weighted lease rate was approximately $33.85 per square foot.

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.