Broomfield County
Property Location: 12920 Lowell Blvd., Broomfield
Property Description: 11,288-sf retail building, YOC 1987, masonry
Land Size: 1.57 acres
Sales Price: $2M, or $177.18 psf
Grantor: INSAF LLC, Fadi Sawaged, mgr.
Grantee: JNT LLC, Jaeyoung Nam, mgr., 1702 8th Ave., Greeley 80631
Closing Date: 5/31
Financing: $1.35M payable to Westlake Payment LLC @ 8% (OWC)
Comments: Listed by Justin Krieger of Pinnacle Real Estate Advisors LLC, 303-962-9558.The property was renovated in 2014 and was 100% occupied at time of sale. Anchor tenants are Westlake Liquors with 3,023 square feet @ $18 per sf and Elite Martial Arts with 2,672 sf (subleased from 7-Eleven) @ nearly $30 per sf. Average lease rate with existing tenants reflect $22.24 per sf.
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.
