Lakewood, CO – [December 28, 2021] – Blue West Capital has completed the sale of a multi-tenant retail shopping center located at 10750 West Colfax Avenue in Lakewood, CO. Tom Ethington of Blue West Capital represented the seller in the transaction, a private real estate company and a repeat client based out of Colorado. The buyer was a California-based investor.
10750 West Colfax Avenue consists of 42,755 square feet and is 100% leased to regionally and nationally recognized tenants, including Harbor Freight Tools, JoAnn Fabric, and Guitar Center. The property is located on the southeast corner of Oak Street and West Colfax Avenue, seven miles west of downtown Denver. This location provides high visibility with over 32,900 vehicles per day crossing Colfax Avenue. The surrounding area has a population of 304,498 with an average household income of $94,634.
“Through a broad, but targeted marking campaign, we were able to find a California buyer looking for current cash flow along with long-term development potential. The shopping center’s current tenants, lot size and proximity to Oak Street light rail station were a great fit for the buyer,” said Tom Ethington.