DENVER, CO – [January 9, 2025] – Blue West Capital is pleased to announce the successful sale of Northview Shopping Center, a grocery shadow-anchored retail property located at Highway 36 and Sheridan Boulevard in Westminster, Colorado. The property sold for $8,700,000, or $233 per square foot, to a 1031 exchange buyer.
Co-listed by Eric Diesch, Director of Blue West Capital, and John Redfield, SVP & Principal at SRS, the transaction highlights the sustained demand for well-located retail centers.
This was a complicated transaction with many layers that required creative solutions, extending well beyond the basic pricing hurdle. The successful closing of this deal sets the market for cap rates on similar assets and demonstrates the continued strong appetite for quality retail shopping centers.”
Eric Diesch, Director
Northview Shopping Center is shadow anchored by H Mart and features a mix of national and local tenants. The property was 87% occupied at the time of sale, underscoring its appeal as a stable investment in a high-traffic corridor.
PR Contact
Eric Diesch
(720) 794-8034
Eric@BlueWestCapital.com
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