13801 E Mississippi Avenue, Aurora, CO
Aurora, CO February 26, 2020 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of a single-tenant property leased to Best Buy corporation located at 13801 E Mississippi Avenue in Aurora. The 45,000 sq. ft. retail building sold for $5,800,000.
Troy Meyer and Kevin Matthews with SVN | Denver Commercial represented the seller Five Points Properties LP. Steve Seuchting and Marcus Muirhead with Lee & Associates represented the buyer.
“The seller had owned the property since it was built for Best Buy in the mid-1990s and had decided that now was the time to divest of this asset,” said Troy Meyer. “We received several offers on the property. The successful purchaser was attracted the fundamental value of the real estate and was able to utilize a reverse 1031 exchange to acquire the property.”
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:
Troy Meyer
303.974.5737
Troy.Meyer@svn.com
Kevin Matthews
303.974.5893
Kevin.Matthews@svn.co
