Aurora, CO – [September 21, 2021] – Blue West Capital has completed the sale of a multi-tenant retail shopping center located at 1113 S. Abilene Street in Aurora, CO. Tom Ethington, of Blue West Capital, represented the seller in the transaction. The seller was a private real estate company, and a repeat client, based out of California. The buyer was a 1031 exchange, California-based investor.
Abilene Marketplace consists of 19,138 square feet and is 100% leased to regionally and nationally recognized tenants including Verizon Wireless, Mattress Firm, EyeCare Specialties of Colorado, Canvas Credit Union, and Scrubs & Beyond. The property is located just 13 miles east of Downtown Denver and is adjacent to one of the busiest retail corridors in the City of Aurora. Abilene Marketplace offers excellent visibility and accessibility, as it is located directly off Interstate 225 (84,000+ VPD). Surrounding population is 428,000+ with a target population growth of 6.51% within 5 miles of the property.
“As interest in retail continues to strengthen, investors are eager to acquire stabilized assets within sub-markets that support both current and future growth potential. The extensive surrounding economic development occurring in Aurora as well as the stability of the current tenant base is what attracted interest from many buyer groups.” Said Tom Ethington.