Core Acquisitions And Midloch Investment Partners Purchase Lamar Station Plaza In Lakewood For $30.2M

The transaction involved a retail asset located at 6431-6791 West Colfax Avenue in Lakewood, Colorado. The property features a total square footage of 271,632 and was sold for $30,200,000, translating to a price per square foot of $111. The property is currently 76% occupied and is anchored by Casa Bonita. The new owners plan to implement extensive capital improvements to the shopping center, including upgrades to the façade, signage, roofing, parking lot, and landscaping.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $30,200,000
• Buyer: Core Acquisitions; Midloch Investment Partners
• Broker: Cushman & Wakefield
• Market: Lakewood, CO
• Occupancy Rate: 76%
• Address: 6431-6791 West Colfax Avenue
• Square Footage: 271,632
• Price per Square Foot: $111

Core Acquisitions and Midloch Investment Partners were the buyers in this transaction, acquiring the property from an undisclosed seller. Cushman & Wakefield acted as the broker representing the buyers in this deal, facilitating the transaction and ensuring a smooth process.