SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 1450 Renaissance Boulevard NE in Albuquerque, New Mexico.
The 48,211 sq. ft. investment property occupied by Sportsman’s Warehouse (NASDAQ: SPWH) in Albuquerque New Mexico, sold for $7,100,000.00 to Alpine Income Property Trust (NYSE: PINE). Selling price calculates to approx. $147 per square foot. 8 years remained on the lease with Sportsman’s Warehouse, who has occupied the property since its original construction in 2004.
The Seller was represented by Steve Kawulok (SVN / Denver Commercial), Tom Livingston (Livingston Real Estate & Development), and Walt Arnold (SVN Walt Arnold) & the Buyer was represented by Tom Jenkins (REA | Real Estate Advisors).
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:
Steve Kawulok | 720.773.8695 | steve.kawulok@svn.com
Tom Livingston | 970.266.0333 | tom@tomlrd.com
Walt Arnold | 505.269.9358 | walt.arnold@svn.com
