Fourth Street Crossing Retail Condos

Silverthorne, CO 80497



Cap Rate: 7.55%

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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.

Investment Highlights

  • Value-add opportunity to stabilize two retail condos at Fourth Street Crossing to a 7.55+% cap rate (stabilized) or $461 / SF
  • Located in Fourth Street Crossing, a brand new mixed use development by Milender White & the Town of Silverthorne
  • Silverthorne, CO retail vacancy currently 2.5% (CoStar as of 01/23/24)
  • Silverthorne currently has 21 developments under construction or in planning according to the town’s website
  • Developer has significant leasing momentum with two LOIs in negotiation and multiple tenants currently in review
  • Median home value of a single-family home in Silverthorne is approximately $1.1 million or $697 / SF (realtor.com)

Location Highlights

  • Located along Blue River Pkwy (20,000 VPD), CO-9, which runs through the entirety of Silverthorne
  • Signaled traffic light at the intersection of W 4th Street and Blue River Pkwy
  • Fourth Street Crossing includes 33 townhomes, 24 condos with 6,700 SF of ground-floor retail, a 115-room hotel, 6,500 SF of event space, a 29,000 SF food hall, and a 203-unit parking garage
  • Crossroads of three major interstate and highway systems: I-70 (45,000 VPD), CO-6 (22,000 VPD), and CO-9 (20,000 VPD)
  • Positioned approximately an hour’s drive from the Denver MSA
  • Proximity to major ski areas including Arapahoe Basin, Breckenridge, Copper Mountain, Keystone, and Vail
  • Affluent demographics with average household income of $146,777 within one mile

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400 S. Colorado Blvd | Suite 590
Denver, CO 80246