Marcus & Millichap’s Drew Isaac & James Rassenfoss arranged the sale of the 3,030-square-foot restaurant property, which is part of a 20-acre development project.
Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller in the transaction, and Bowlby procured the buyer.
The property, traded for $14,500,000, and was acquired by Armstrong Capital Development. Marcus & Millichap’s Ryan Bowlby & Drew Isaac exclusively listed this property on behalf of the seller.
As seen in the Colorado Real Estate Journal, the August 16 Retail Properties Quarterly newsletter, “New Darling Asset Class: Retail Deals in Demand” by Drew Isaac and Ryan Bowlby
Marcus & Millichap has brokered the massive sale of a 22-property Arby’s portfolio . The net leased assets are located in Iowa, Montana, North Dakota, Nebraska and Wisconsin.
Investment specialists Drew Isaac, Ian Hicks, and James Rassenfoss in Marcus & Millichap’s Denver office exclusively listed the newly developed properties, which both include a drive-thru.
Drew Isaac & Ian Hicks recently brokered the sale of a Buffalo Wild Wings property strategically located at the Promenade at Castle Rock, adjacent to the Outlets at Castle Rock. The property sold for $2,525,000 or $399.46 per square foot.
Sand Hill Shops in Colorado Springs, CO was listed by Ryan Bowlby, senior director, and Drew Isaac, senior managing director of Marcus & Millichap’s Denver office. At the time of the sale, the property was 100 percent leased by eight tenants, and features two drive-thrus.
Real estate transactions have slowed but not halted, excess capital continues to propel buyers and sellers to transact, albeit in a slower and more cautious manner.
Centerplace Greeley, a 152,000-square-foot Safeway-anchored shopping center in Greeley, CO, has sold for $37.55 million. The center features Ross, Famous Footwear, Buckle, Bath & Body Works, Cold Stone Creamery, Bank of America, Sally Beauty, Tokyo Joe’s, and Heartland Dental.
A KeyBank shops property located on Colorado Boulevard, a highly trafficked thoroughfare stretching throughout Denver, has sold for $5,470,000 or $678 per square foot.
Arapahoe & Lima Center, a 28,461,000-square-foot shopping center in Centennial, has sold for $8,200,000 or $292 per square foot. Ryan Bowlby, first vice president of investments, and Drew Isaac, senior managing director, at Marcus & Millichap Denver represented both the buyer and seller.