BRIGHTON, CO – [October 4, 2019] – Blue West Capital has completed the sale of a multi-tenant retail property located at 5 S. 1st Avenue in Brighton, CO for $1,650,000. Robert Edwards of Blue West Capital represented the seller in the transaction; a private investor based in Colorado. The purchaser was a local 1031 exchange investor.
The Bridge Center is a 11,200 square foot property consisting of two tenants – BayMark Health and HiitBox Fitness. The property is located on a hard corner at the main entrance to Downtown Brighton with great visibility and 15 off-street parking spaces. Brighton is one of the fastest growing cities in Colorado and located 20 miles north of Downtown Denver.
Both tenants are e-commerce resistant and BayMark Health has recently invested over $300k into their space. Each lease presents significant annual increases – three and five percent annually.
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