Denver, CO (July 13, 2017 ) —Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the sale of 4395 South Broadway located in Denver, Colorado. This retail investment property was acquired for $1,726,646 with a 6.5% cap rate on June 22, 2017. Brad Gilpin, Senior Broker Associate, represented the Seller in this transaction.
The 11,400 square foot retail building was built in 1960 and was renovated in 2014. The renovations included a completely new exterior and new roof. The asset features a great tenant mix with current sizes ranging from 1,500 – 3,000 square feet. The five-tenant building has long-term leases with annual increases in place. Ideally located on South Broadway and West Quincy Avenue, the Property receives daily traffic counts of 37,787 at South Broadway and West Quincy Avenue.
The Property was purchased by Working Capital Investment, LLC from an undisclosed seller. The buyer was represented by Curtis Allan of Re/Max Momentum. The Property was 100% occupied at the time of sale.
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Natalia Griffin at email@example.com, or 720.881.6320.