KGN Investments Acquires 50% Vacant Retail Center In Centennial From M&M Holdings For $1.8M

A retail center located at 5730 East Otero Avenue in Centennial, CO, has been sold for $1,800,000. The property spans 11,004 square feet, equating to a price per square foot of $164.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,800,000
• Address: 5730 East Otero Avenue
• Market: Centennial, CO
• Square Footage: 11,004
• Price per Square Foot: $164
• Buyer: KGN Investments
• Seller: M&M Holdings
• Brokers: Kyle Moyer, Cody Stambaugh & Elizabeth Morgan - Pinnacle Real Estate Advisors

Pinnacle Real Estate Advisors facilitated the sale of the retail center, which was 50% vacant at the time of the transaction. Additionally, the brokerage secured a new lease for 1,424 square feet with a tenant named Scalp Therapy.