Blue West Capital Arranges Sale of a Two-Tenant Net Lease Building in Brighton, CO (Denver MSA)

SAINT PAUL, MN – [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.

“Investors continue to gravitate towards well-positioned infill properties in core markets such as the Minneapolis-Saint Paul MSA. The irreplaceable location coupled with the tenant’s proven operating history and recently exercised renewal option resulted in significant investor interest in this deal,” said Zach Wright, Director of Net Lease Investment Sales.

About Blue West Capital

Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single-tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience. 

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Krissy Simmons
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