100% Leased Multi-Tenant Retail Outparcel to The Home Depot Sells to Local, All-Cash Investor
Blue West Capital arranged the sale of Interplaza West Shopping Center, a 13,838-square-foot multi-tenant retail center located at 16950 W. Colfax Avenue in Golden, Colorado. Eric Diesch and Bryce McNeely represented the seller, an out-of-state private investor and repeat client, in the transaction. The property sold for $5,500,000, or approximately $397 per square foot.
The property was 100% leased at the time of sale to seven tenants, anchored by the State of Colorado DMV, which recently exercised a five-year lease renewal. Strategically positioned as an outparcel to The Home Depot, the center benefits from its location at the signalized, hard-corner entrance to Interplaza West Shopping Center, a retail destination featuring Kohl's, Petco, Duluth Trading Company, and other national retailers. The property offers excellent visibility along W. Colfax Avenue, with convenient access to W. 6th Avenue and the surrounding Denver metro area.
Blue West Capital executed a targeted marketing campaign that generated four offers from a mix of private and institutional buyers. The property ultimately sold to a local, all-cash investor following an expedited due diligence and closing process.
Transaction Highlights
- Sold to a local, all-cash investor
- Sold for $5,500,000 ($397/SF)
- 30-day due diligence period and 15-day closing period
- Generated four offers from a diverse mix of buyer profiles
- 13,838 SF multi-tenant retail outparcel to The Home Depot
- 100% leased at the time of sale
- Anchored by the State of Colorado DMV, which recently exercised a five-year lease renewal
- Leveraged established DMV relationships to streamline the transaction and facilitate a successful closing
- Signalized, hard-corner location in Golden, Colorado
The combination of established tenancy, scheduled rent increases, and a strong retail location generated competitive interest from multiple buyer profiles. Our targeted marketing approach allowed us to identify a qualified, all-cash buyer and execute an efficient transaction on behalf of our client. By leveraging my extensive experience and established relationships within the DMV, I was able to help streamline the process, overcome potential obstacles, and drive the transaction to a successful close.
Eric Diesch, Director
Buyer demand for multi-tenant retail strip centers remains strong. Stabilized assets with creditworthy tenants, healthy rent growth, and a compelling investment story continue to attract significant investor interest and drive competitive pricing.
Bryce McNeely, Associate Director
PR Contact
Eric Diesch
(720) 794-8034
Eric@BlueWestCapital.com
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