Three-Building Retail Asset in Westminster Sells for $9.85M
A retail portfolio comprising three inline shop buildings located within the Westminster Crossings shopping center in Westminster has sold for $9.85 million. Totaling 28,705 square feet of gross leasable space, the multi-tenant asset is 100 percent leased to a strong roster of national and regional tenants.
The buyer was Colorado-based Coco’s Place, LLC, which acquired the property from Denver-based privately held commercial real estate investment firm Centre Point Properties for $9.85 million.
Jon Hendrickson, Aaron Johnson and Mitch Veremeychik with Cushman & Wakefield’s Capital Markets in Denver represented the seller in the transaction.
The three-building asset is located at 13640-13648 Orchard Pkwy, positioned at the intersection of Orchard Pkwy and 136th Ave. Westminster Crossings offers visibility and immediate access from Interstate 25. The location is also surrounded by an abundance of other major shopping destinations and retail brands.
Photo courtesy of Cushman & Wakefield