Littleton, CO, August 4, 2020 – SVN | Denver Commercial, one of Colorado’s top producing commercial real estate brokerage firms, is pleased to announce the sale of 5553-5555 S Broadway in Littleton also known as the Napa Auto Shops. The 12,287 sq. ft. retail property was sold for $2,400,000. Troy Meyer and Kevin Matthews with SVN | Denver Commercial represented the seller, Equitable Resources LLC. Mark Goodman with Goodman Commercial Real Estate Inc. represented the buyer.
“The Napa Auto Shops was put on the market during the height of the Covid 19 pandemic, yet it still received a significant response from our initial marketing. Investors were attracted to the recession proof tenancy, which was proven through both tenants paying rent during uncertain times. One of the tenants even extended their lease during escrow showing their commitment to the location” said Kevin Matthews.
About SVN
SVN | Denver Commercial serves Colorado with its offices in Denver and Fort Collins. 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:
Troy Meyer
303.974.5737
troy.meyer@svn.com
Kevin Matthews
303.974.5893
kevin.matthews@svn.com
