Abilene Square, a freestanding retail strip center located in Aurora, has sold to LV Neosho Investments, LLC for just over $1.6 million. The 6,422-square-foot center property was 100 percent occupied by three tenants at the time of sale.
Jon Hendrickson and Mitch Veremeychik with Cushman & Wakefield’s Capital Markets in Denver represented the seller, Abilene Square, LLC, in the transaction.
“Abilene Square is well positioned in the market which has led to excellent tenant retainment and tenant perseverance throughout the pandemic,” Mitch Veremeychik, senior associate. “This asset was the perfect fit for the buyer, and we believe this will be a strong performing investment for years to come.”
Abilene Square is located at 990-994 S Abilene St and is adjacent to Interstate-225. Built in 2000, the center is leased to a variety of long-term tenants, including the nation’s largest and fastest-growing battery, light bulb and smartphone/tablet repair franchise, a hair salon, and a fast-growing dental services firm.
The property is surrounded by major retailers and is close to Town Center at Aurora, a one-million square foot mall with abundant retail and dining options. The surrounding area has experienced significant growth in recent years. The city of Aurora is approximately 10 miles east of downtown Denver.
Photo courtesy of Cushman & Wakefield