Value-add Strip Center
Blue West Capital is pleased to present the sale of Park Place Plaza, a well-located neighborhood shopping center in the vibrant city of Colorado Springs, CO. This retail center comprises two buildings totaling 34,578 square feet, including 16 rentable retail units, a coffee kiosk, and 9 storage units. Currently, the property is 70% leased, offering qualified investors an immediate value-add opportunity.
Park Place Plaza is strategically situated at the signalized intersection of N Academy Blvd (45,300 VPD) and N Union Blvd (30,000 VPD). N Academy Blvd is the primary and most sought-after retail corridor in Colorado Springs, home to many prominent national retailers.
The Colorado Springs Metropolitan Statistical Area (MSA) boasts a population exceeding 760,000 people. The U.S. News & World Report recently ranked Colorado Springs as the 3rd Best Place to Live in the United States, thanks to its affordability compared to Denver, low property taxes, and high average household income. These strengths underpin a robust local economy, creating a solid foundation for addressing the community's retail needs.
