Value-Add Lease Up Opportunity
Blue West Capital is pleased to present the opportunity to purchase two value-add retail condos at Fourth Street Crossing located at 37 & 75 West 4th Street, Silverthorne, CO 80497. Fourth Street Crossing, a brand new mixed-use development by Milender White & the Town of Silverthorne, is envisioned to be recognized as Silverthorne’s Downtown. The property consists of 6,671 square feet of retail space (five possible units) currently in gray shell condition. The subject properties are located on the ground floor of two newly constructed mixed-use condo buildings. The value-add opportunity is to take over for the developer and stabilize the units to a 7.55+% cap (Stabilized Year-3).
Located at the heart of Summit County, Silverthorne is the crossroads of travel through the state of Colorado. Three major interstate and highway systems intersect in Silverthorne: I-70, CO-6, and CO-9. Only an hour’s drive from Denver MSA, Summit County is home to four major ski areas: Arapahoe Basin, Breckenridge, Copper Mountain, and Keystone. Offering year-round adventure and entertainment, the area sees tourism revenues over $1B.
