Transwestern Brokers Sale of 710 Wapiti Avenue In Rifle
Transwestern Real Estate Services brokered the $2.5 million sale of 710 Wapiti Ave. in Rifle, Colorado. The Transwestern team of Vice President CJ Brill and Vice President John Blackshire represented the seller, 287 Investments, LLC in the sale to Mark and Julie Burner, who were represented by Cheryl&Co. Real Estate.
287 Investments purchased the building in 2019 and its sale comes as the firm principal, Steve Hansen, divests of his real estate holdings in preparation for retirement. The buyers have local connections to the area, which helped make their offer stand out in a crowded field.
“We were pleased to see such an active sale process, during which we sourced eight competitive offers,” said Brill. “The sale of 710 Wapiti Ave. is a great indication that despite the cost of capital remaining high, investors are still flocking to well-located assets offering strong tenants and cash flow.”
Built in 2012, 710 Wapiti Ave. comprises 15,846 square feet. The single-story retail building, which is fully occupied by AutoZone and Aaron’s, is located on Highway 70, adjacent to the Grand River Hospital.
NorthPeak Commercial Advisors Brokers 6-Unit Multifamily Property in Littleton
NorthPeak Commercial Advisors announced the sale of 5551 S Delaware St., a 6-unit, 4,278-square-foot multifamily property in Littleton. The property sold for $900,000.
Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“We were pleased to get this across the finish line for our seller,” stated Sherman. “After generating over 25 tours with qualified buyers, we got this deal done at a price that reflected a current 5.2% CAP rate in a challenging market.”
For more information on this investment or current market conditions, please contact Jack Sherman at Jack@NorthPeakCRE.com.
Retail Building in the Aurora Cultural Arts District Sells for $1,045,000
Kaufman Hagan announced the sale of 9915 E Colfax Ave, Aurora, a 4,608-square-foot retail building located in the center of the Aurora Cultural Arts District. Sold at a price of $1,045,000, the transaction averaged $226.78 per square foot.
Kaufman Hagan Broker, Amanda Weaver, represented the buyer in this successful transaction.
“Working with Shifted Lens Theatre Company since April 2024 has been an incredible journey. What started as a search for a practice space quickly evolved into something much bigger—a vision for a permanent home where they could both rehearse and perform. Through collaboration with the City of Aurora and local property owners, I was able to uncover 9915 E Colfax off-market—a perfect fit for their needs. Seeing this group secure a space in the Aurora Cultural Arts District, where they can continue creating and inspiring, is truly rewarding. I am looking forward to watching them perform in their new space!” said Hagan.
SVN | Denver Commercial Announce Sale of 1590 Briargate Boulevard, Colorado Springs
SVN | Denver Commercial, one of Colorado’s top-producing real estate investment brokerage firms, announced the sale of 1590 Briargate Boulevard in Colorado Springs. The 1,665-square-foot retail sold for $1,310,000.00.
Kevin Matthews & Troy Meyer of the Meyer/Matthews Team with SVN | Denver Commercial represented the seller, JMK Chapel Hills LLC. Jason and Brady Kinsey with Kinsey & Company Real Estate represented the buyer.
The property sold above list price, showing the demand for stable, low price-point, single-tenant drive-thru properties. Went from contract to close in less than 60 days.
“Single Tenant Net Leased Drive-Thru Properties continue to garner robust activity in this market”, said Kevin Matthews. “We received multiple full-price offers on the subject property and closed above list price with the buyer that was selected, who was in a 1031 exchange”
Industrial Building in Golden Sells Off Market
Digby Commercial Advisors announced the sale of a 22,935-square-foot industrial building located at 15097 W 44th Avenue in Golden. After over 30 years of ownership, the sellers sold the building for $3,195,000.
The property was never formally listed on the market and Tanner Digby of Digby Commercial Advisors was the only broker involved in the transaction.
This rare industrial building boasts multiple loading options with 9 drive-in doors, heavy power, unincorporated Jefferson County Industrial zoning, and a gated yard for outdoor storage.
Digby Commercial Advisors is a full-service commercial real estate brokerage firm, specializing in acquisitions, dispositions, leasing, tenant representation, and land development. They are notorious for finding and completing “off-market” deals for their clients.
