BrokerageInvestmentRetail

Greeley Retail Center Changes Hands

GREELEY — The 4,373-square-foot Pacific Dental & Topper’s Pizza Strip Center located at 4421 Centerplace Dr. in Greeley, has sold for $2,125,000 ($485 per square foot).

Peter Peluso and Chris Wiedenmayer of Legend Investment Group (LIG), a division of Legend Partners, facilitated the sale of the 2-tenant retail strip center that was built in 2016. Peter Peluso & Chris Wiedenmayer represented the seller and the buyer. The seller was a developer out of St. Louis, MO and the buyer was a local Colorado Investor.

The retail center was fully occupied by Pacific Dental and Topper’s Pizza. The property is located in the heart of Centerplace of Greeley, one of the fastest growing retail trade areas in Greeley.

“This was the sellers last remaining asset in Greeley so it made sense for them to capitalize on the strong market and divest of this. The buyers were attracted to the strong tenancy, long term leases, and excellent location, which would offer them secure cashflow and a stable long-term investment,” stated Peluso.

Photo courtesy of Legend Partners

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