CENTENNIAL, CO – [April 14, 2022] – Blue West Capital has completed the sale of a two-tenant retail property located at 6907 South University Boulevard in Centennial, CO. Tom Ethington, of Blue West Capital, represented the seller in the transaction, a national developer and a repeat client based in Colorado. The buyer was a Colorado-based 1031 exchange investor looking for long term asset preservation.
6907 South University Boulevard is a two-tenant retail building consisting of 7,350 square feet and is 100% leased to Chick-fil-A and Cafe Rio Mexican Grill. The property is anchored by Whole Foods, located at the Streets of SouthGlenn University Boulevard main entrance, and benefits from excellent visibility with over 38,000 vehicles per day. The surrounding area has a population of 290,725 with an average household income of $133,564.
“The developer and equity partner have a core long-term strategy for the continued development of The Streets of SouthGlenn. The timing was right for the partnership to sell the high-value outparcels, and we were excited to team up with them to execute their strategy while maximizing each building’s value,” commented Tom Ethington.