BWC Closes $4.2M Northglenn Retail Property Sale

BWC Represents Both Sides in $4.2M Northglenn Retail Sale

Blue West Capital arranged the sale of a freestanding retail building located at 750 E 120th Ave, Northglenn, CO 80233. The property sold for $4,200,000, representing $290/SF.

Transaction Highlights

BWC represented both sides of the transaction, including the Colorado-based Seller and Texas-based developer Buyer
Generated 4+ offers within the first weeks of marketing, creating a competitive bidding process
Sold for 105% of the asking price
Closed within six months of marketing
Excellent visibility at the hard corner of 120th Avenue (45,000+ VPD) and Washington Street (27,000+ VPD)
Prime infill location within an affluent, dense, and established Northglenn trade area (AHHI of $123,500)

Blue West Capital executed a targeted marketing process that generated strong buyer interest and more than four offers within the first weeks of marketing. The competitive bidding process ultimately resulted in the property selling for 105% of the asking price and closing within six months of marketing.

Blue West Capital's Robert Edwards, Noah Harrison, and Tom Ethington represented the Seller, a Colorado-based individual. Blue West Capital's JR Hagan, Shawn Dickmann, and Josh Lorenzen represented the Buyer, a Texas-based developer.

This transaction required close coordination among the Seller, Buyer, and Walgreens. By negotiating the lease extension around the transaction’s closing schedule, we protected the Seller’s income while giving the Buyer a clearly defined timeline for taking control of the property and beginning its redevelopment plans.
Robert Edwards, Managing Partner

The property is located at the signalized intersection of E 120th Ave (45,000 VPD) and Washington St (27,000 VPD), offering excellent visibility and access from both streets. The 14,490-square-foot building is positioned on a 1.3 AC parcel with 73 surface parking spaces. The former tenant, Walgreens, vacated the property, positioning the asset for redevelopment within a dense retail corridor.

Northglenn is located approximately 10 miles north of Downtown Denver and is home to nearly 39,000 residents. The city benefits from strong surrounding demographics, established national retailers, and continued municipal and private investment within its retail corridors. Average household incomes exceed $123,000 within three miles, supporting a strong consumer base and long-term real estate fundamentals.