Colorado Springs, CO February 12, 2020 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 5490 & 5510 Powers Center Point in Colorado Springs. The 15,907 sq. ft. of retail sold for $4,200,000.
Kevin Matthews & Troy Meyer with SVN | Denver Commercial handled the sale between the seller RPS Investment LLC and the buyers A3M2 Family LLC & A&S Realty Investments LLC in this transaction.
“The property received multiple offers and went from contract to close in a little over 60 days. We continue to be impressed by the strong demand for Colorado Retail Properties from out of state investors” said Troy Meyer. “The buyers recently sold a large agricultural property in California and have purchased several retail assets across the country, all cash. They liked this one because of the e-commerce resistant tenants and the location in North Colorado Springs right off Powers Blvd in a fast growing area.”
About SVN
SVN | Denver Commercial serves Colorado with its offices in Denver and Fort Collins and is a joint venture between local principals and SVN | Chicago Commercial. The firm assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales; property management; corporate services; investment management; research and investment strategy; and consulting. Most recently the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production. For more information, visit www.svncolo.com.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. For more information, visit www.svn.com.
Contact:
Kevin Matthews
303.974.5893
Kevin.Matthews@svn.com
Troy Meyer
303.974.5737
Troy.Meyer@svn.com
