Colorado Springs, CO March 6, 2020 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of Tracker Plaza located at 162 Tracker Drive in Colorado Springs. The 8,878 sq. ft. of retail space was sold for $3,780,000.
Kevin Matthews and Troy Meyer with SVN | Denver Commercial handled the sale between the seller Tracker 162 LLC and the buyers A3M2 Family LLC and A&S Realty Investments.
This four-tenant strip center, shadow anchored by Bass Pro Shops, was purchased by a repeat 1031 exchange client, who purchased another retail property in north Colorado Springs last month.
“The purchase was part of a 1031 for the buyer, who resides in California. The buyer was attracted to the dynamic high growth location in north Colorado Springs along with the stable tenancy at 100% occupancy. The transaction closed in 30 days, all cash” said Kevin Matthews.
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
