Union Walk Retail Center
180 S Union Blvd, Lakewood, CO 80228
Description
This 12,033 square foot retail center located on Union Boulevard in West Denver has many nationally recognized tenants such as Panda Express, Floyd's Barbershop, Jimmy John's Gourmet Sandwiches, and Bruegger's Bagels. Originally this property sold for over $6,500,000 in 2006 with a $4,500,000 bank loan. Matrix Group purchased the property from the lender for $2,800,000. The property was sold by Matrix Group in September 2019 at the current market value of $5,025,000. The center was fully leased at the time of sale.
Details
| Cost PSF $274.25 | Sale Price $5,025,000 | Market Value PSF $417.60 |
| Acquisition Date Dec, 2012 | Add. Capital Costs $500,000 | Current Value $5,025,000 |
| Total Project Size 12,033 SF | Sale Price / SF $417.60 | Sale Date Sept, 2019 |
| Acquisition Price $2,800,000 | Total Cost $3,300,000 |