Colorado-Real-Estate-Journal_435995

Page 18 - December 18-31, 2024 www.crej.com Retail In-line retail space available 3,600 - 3,800 SF High traf c location Ample parking & possible monument signage Landlord has ability to add tenant nish allowance Louis Lee 303-454-5416 License #EA000328361 East Iliff Plaza 16728-16880 E. Iliff Ave. Jewell Plaza 10815 W. Jewell Ave., Lakewood Two inline units available Unit M - 1,040 SF - Unit P - 1,304 SF Ample parking, Monumnet signage Strong daily traf c counts Across from Walgreens & Safeway anchored centers Great tenant mix Charles Nusbaum 303-454-5420 License #EA40028301 1528 Wazee Street Denver, CO 80202 n O: 303.623.0200 n F: 303.454.5400 n www.antonoff.com Located at signalized hard corner - high traf c location Suitable for retail, drive-thru, of ce or apt. up to 5-7 stories Incentives for affordable housing! Double sided billboard included Louis Lee 303-454-5416 License #EA000328361 Chris Katsaros 303-454-5413 License #FA100073099 Capitol Hill E. Colfax Land For Sale or Land Lease 1801 E. Colfax Ave., Denver Two High Impact Retail Spaces For Lease 457 Wadsworth Blvd., Lakewood Fully built out nail salon - 1,900 RSF Endcap of ce - 1,400 RSF Fantastic space suitable for retail, service, of ce & medical uses Generous off street parking, Monument signage available Easy access to/from Wadsworth and from 6th Avenue +/-70,000 cars per day on Wadsworth Doug Antonoff, Antonoff & Co., 303-454-5417 License #EA000970565 Chris Katsaros, Antonoff & Co. Brokerage, Inc. 303-454-5413 License #FA100073099 Fully Restored Historic LoDo Building For Sale or Lease 1810 Blake St. 9,375 RSF on three oors Great value add, owner/user or residential/work-live opportunity Ultracool retail, of ce, restaurant, medical and/or residential High ceilings, exposed brick, hardwood oors Street level signage opportunity Convenient access to light rail, Union Station, Coors Field, Milk Market, Ball Arena, DCPA and other attractions Doug Antonoff, Antonoff & Co., 303-454-5417 License #EA000970565 Development Land For Sale - $1,450,000 6750-6760 Hwy. 2, Commerce City 2.42 Acres One of a few remaining large parcels left for development! Holly St. & Hwy. 2 – main throughfare in Commerce City Maximum exposure to Hwy. 2, Zoning: C-3 – possible to re-zone Contact broker for more information Chris Katsaros 303-454-5413 License #FA100073099 by Avalon Jacka LITTETON – A78,571-square- foot shopping center near the E-470-South Broadway inter- change sold in separate trans- actions in November. Denver-based Sidford Capi- tal sold Oakbrook Shopping Center, located at 309-311 E. County Line Road, to different, undisclosed buyers for a com- bined price of $13.5 million. The property is comprised of a 30,466-sf neighborhood strip center fully leased to 15 tenants and a 48,215-sf O’Reilly Auto Parts Super Hub anchor space. The disposition was the cul- mination of Sidford’s reposi- tioning and lease-up strategy for the property, which was 30% leased at the time of the firm’s $8.2 million acquisition in 2022. “Our firm was able to reposi- tion an asset that had strug- gled for decades,” said Sidford Capital principal Dan Groot- ers. “Through an aggressive leasing campaign and capital investment, we transformed this property from 30% leased to 100% in under 12 months. Since we had reached our investment objectives ahead of schedule, we decided to take advantage of the strong retail investment sales market to create a very positive outcome for our company and investors. Our firm continues to be on the hunt for additional value-add opportuni- ties in the Colorado market.” Marcus & Millichap’s Ryan Bowlby and Drew Isaac had the exclusive listing to market the property on behalf of the seller. “This disposition is a great example of when the sum of the parts of a shopping center is worth more than the whole,” Isaac said. “Disposition via a breakup sale continues to be a highly effective strategy for creating value, espe- cially when an investment-grade tenant accounts for a significant portion of the income stream.” “Neighborhood retail shop- ping centers are among the most sought-after product types in the post pandemic commercial real estate investment cycle,” Bowlby added. “We had significant inter- est in the multitenant portion, as new capital sources (national and local) continue to chase these cen- ters.” The shopping center serves the affluent area of Littleton, High- lands Ranch and Southglenn and is located along a busy retail cor- ridor on South Broadway. s Sidford Capital sells Oakbrook Shopping Center for $13.5M by Avalon Jacka PUEBLO – A shopping center shadow anchored by one of the top-performing grocery stores in the state traded hands for $6.55 million. Albertsons Village Pueblo LLC sold Albertsons Village to Pueblo Realty LLC in November, according to Pueblo County pub- lic records. The property, which totals 3.27 acres, last sold in 2006 for$5.8million,accordingtocoun- ty records. The 22,744-square-foot shopping center, located at 1565 and 1617 U.S. Highway 50 West, is comprised of two buildings and 12 suites. Built in 1998, the property is fully leased. Eric Diesch with Blue West Capital repre- sented the seller in the transac- tion. Blue West’s call for offers and best and final processes generated “sub- stantial interest” in the property, soliciting nine Blue West facilitates sale of Albertsons Village in Pueblo Please see Blue West, Page 20 The fully occupied Albertsons Village, located at 1565 and 1617 U.S. Highway 50 West, sold for $6.55 million in November. The O’Reilly Auto Parts Super Hub at 309 E. County Line Road is the anchor tenant of the Oakbrook Shopping Center. Oakbrook Shopping Center’s neighborhood strip center portion at 311 E. County Line Road is fully leased to 15 tenants. Ryan Bowlby Drew Isaac Eric Diesch