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Investors Look to Small-Format Retail Options in Colorado
Investors are increasingly targeting small-format retail assets throughout Colorado that have irreplaceable real estate fundamentals and offer cash flow security amid the current environment. Six small-format retail properties in Denver and Colorado Springs, totaling more than $19 million, fit that niche.
Polaris Pointe Courte, a 9,100-square-foot retail property located at 13492 Bass Pro Dr. in Colorado Springs, sold to a private investor for $5.1 million. The seller was a private developer.
A private investor acquired Ridgeview Marketplace, a 21,008-square-foot retail center at 5980 Stetson Hills Blvd. in Colorado Springs, from an institutional owner for $3.58 million.
A local private investor sold a multi-tenant retail property located at 3890 Quebec St. in Denver to a private 1031 exchange buyer for $3.1 million.
Powers Peak Center, a 7,500-square-foot retail strip center at 5620 Woodmen Rd. in Colorado Springs, sold to an out-of-market 1031 exchange investor for $2.73 million. The seller was a private investor.
A private local investor acquired The Laurel, a 3,700-square-foot single-tenant retail property, from a local institutional developer for $2.6 million. The property is located at 115 Steele St. in Denver.
A 5,896-square-foot single-tenant retail property leased to Chili’s sold to an undisclosed private investor for $1.9 million. The seller was a local institutional developer. The property is located at 3451 N. Tower Rd. in Aurora, Colo.
Brad Lyons, Matthew Henrichs and Parker Brown of CBRE capital markets, national retail partners, represented the sellers in the individual sales.
For comments, questions or concerns, please contact Lisa Brown
- ◦Sale/Acquisition
