180 S Union Blvd, Lakewood, CO 80228

Description

This 12,033 square foot retail center located on Union Boulevard in West Denver has many nationally recognized tenants such as Panda Express, Floyd's Barbershop, Jimmy John's Gourmet Sandwiches, and Bruegger's Bagels. Originally this property sold for over $6,500,000 in 2006 with a $4,500,000 bank loan. Matrix Group purchased the property from the lender for $2,800,000.  The property was sold by Matrix Group in September 2019 at the current market value of $5,025,000.  The center was fully leased at the time of sale. 

Details

Cost PSF
$274.25
Sale Price
$5,025,000
Market Value PSF
$417.60
Acquisition Date
Dec, 2012
Add. Capital Costs
$500,000
Current Value
$5,025,000
Total Project Size
12,033 SF
Sale Price / SF
$417.60
Sale Date
Sept, 2019
Acquisition Price
$2,800,000
Total Cost
$3,300,000