CBRE Brokers 1 Million Sale of Office Building at Centerpointe Plaza in Colorado Springs
27 1月 2020
CBRE announced the sale of 5731-5759 North Academy Boulevard, a retail and office building located in the Centerpointe Plaza shopping center in Colorado Springs, Colo. CBRE retail specialists Patrick Kerscher, Dan Rodriguez and Whitney Johnson based in Colorado Springs represented the seller, Office Pad, LLC, from Phoenix, Ariz. Weston Thomas and Colin Thomas of Westward Properties represented the buyer, Capital, LLC, of Colorado Springs, who purchased the property in a $1.85 million sale that closed on Dec. 20, 2019.
“This well-positioned building,known for its mirrored glass façade,is situated in one of Colorado Springs’ major retail corridors, surrounded by entertainment venues, restaurants and a wide variety of retail opportunities along the northern Academy corridor,” stated Mr. Kerscher. “People feel strongly about this area due to its impressive residential density and convenient access to all areas of town.”
Originally constructed in 1984, the two-story, 30,843-sq.-ft. building sits on 1.38 acres and includes 55 parking spaces.The property is located at the southeast corner of North Academy Boulevard and Vickers Drive.Retail tenants within the largershopping complex include Tuesday Morning, Key Bank, Dollar Tree, Boot Barn, Woodley’s Fine Furniture and International Beauty Academy.
The building is currently unoccupied, but the buyer is already underway on major interior and exterior renovations for new medical office users with a planned completion in the summer of 2020.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.