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17928 Cottonwood Drive

CentrePoint Properties Acquires Three-Property Retail Portfolio In Metro Denver For $30.3M
SOLDRetail

CentrePoint Properties Acquires Three-Property Retail Portfolio In Metro Denver For $30.3M

17928 Cottonwood Drive, 830 South Buckley Road & 5500 South Simms Street

$30,300,000

$91/SF

Building Size

330,000 SF

Asset Type

Retail

Closing

Jul 17, 2026

AI

The transaction involved a retail portfolio consisting of three properties located at 17928 Cottonwood Drive in Parker, 830-894 South Buckley Road in Aurora, and 5500 South Simms Street in Littleton, CO. The total sale price for this portfolio was $30.3 million, encompassing an overall area of 110,000 square feet, resulting in a price per square foot of $275.

Summary of transaction details:

Cushman & Wakefield represented the seller, Western Centers Inc., through brokers Jon Hendrickson and Aaron Johnson. Craig Branton from Greystone, alongside Mickey Moran and the Denver debt team at Cushman & Wakefield, arranged the acquisition financing for the deal.

Players

Aaron Johnson

Cushman & Wakefield

Broker

$243.3M

vol

13 deals

Broker
CentrePoint Properties
CentrePoint PropertiesBuyer
Western Centers Inc.
Western Centers Inc.Seller

Cottonwood Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93