Blue West Capital Arranges Sale of New Construction Sherwin-Williams in Denver MSA

DENVER, CO – [December 24, 2019] – Blue West Capital has completed the sale of a single tenant net leased Sherwin-Williams property located at 10460 Chambers Road in Commerce City, CO for $3,165,000. Zach Wright represented the seller in the transaction; a Colorado-based developer. The purchaser was a California-based 1031 exchange investor.

Construction was completed on the 4,500 square foot Sherwin-Williams property several weeks ago. Sherwin-Williams has a long-term net lease with 10% rental increases every five years. Sherwin-Williams is an American Fortune 500 company that operates approximately 4,900 paint stores. The company is investment grade rated with a Standard & Poor’s rating of BBB.

The new construction property is strategically positioned just north of the signalized intersection of Chambers Road and 104th Avenue. The property is a part of a larger development which features an array of national and regional tenants such as Panda Express, Wendy’s, Brakes Plus, and Dutch Bro’s. The Sherwin-Williams is poised for long-term success as the surrounding area is rapidly expanding with annual projected population growth of approximately 9% over the next five years within a one-mile radius.

“1031 exchange investors covet new construction properties such as this one that feature an investment grade rated tenant, a long-term lease, and fixed rental increases. We received several qualified offers within a few days of marketing, which evidences the current demand for high quality single tenant properties in Colorado,” said Zach Wright, Director of Net Lease Investment Sales.

About Blue West Capital

Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single-tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience. 

PR Contact

Krissy Simmons
(720) 996-1631
krissy@bluewestcapital.com

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