Colorado Springs, CO – SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 7660 Goddard Street in Colorado Springs. The 14,819 sq. ft. office property was sold for $ 2,020,000.
John Lutkewitte, Troy Meyer, and Kevin Matthews with SVN | Denver Commercial represented the Seller, Investor Exchange Services, INC as a qualified intermediary for Idyllwild LLLP, a Colorado Limited Liability Limited Partnership. Jennifer Fore and Mary Ann Fore with Homesmart Realty Group represented the Buyer.
“This was a true COVID Success Story. We were able to sell this at a pre-COVID-19 market cap rate due to consistent payments and stability from tenants throughout COVID,” said John Lutkewitte. “We worked with Property Management to extend leases during COVID to make the Lender more comfortable about the deal.” This property sold just shy of the asking price.
About SVN
SVN | Denver Commercial, one of Colorado’s top producing commercial real estate brokerage firms, with 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:
John Lutkewitte | 303.993.4050 | John.lutkewitte@svn.com
Troy Meyer | 303.974.5737 | troy.meyer@svn.com
Kevin Matthews | 303.974.5893 | kevin.matthews@svn.com
