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Continental Realty Corporation Acquires Thornton Town Center Retail Asset From Citivest Commercial Investments For $25.5M

Property Image
SOLD
$25,500,000

Colorado

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Retail798,024 SF
Sold 12/22/2025
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Property Image
SOLD

Continental Realty Corporation Acquires Thornton Town Center Retail Asset From Citivest Commercial Investments For $25.5M

9223 Grant Street, 10001 Grant Street & 10005 Grant Street

See Similar Deals
Retail798,024 SF
Sold 12/22/2025
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Retail
Price Per Square Foot:$32
Total Square Footage:798,024 SF
Transaction Type:Sale

A retail property consisting of a 266,008-square-foot neighborhood retail center known as Thornton Town Center was sold. The property is located at 9223-1001 and 1005 Grant Street in Thornton, Colorado, and was sold for $25.5 million. This 24-acre site is currently 73% leased and features tenants including Sky Zone, Starbucks, and Jersey Mike’s.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $25,500,000
  • Square Footage: 266,008
  • Address: 9223-1001 and 1005 Grant Street
  • Market: Thornton, CO
  • Buyer: Continental Realty Corporation
  • Seller: Citivest Commercial Investments
  • Broker: Brad Lyons - CBRE

The transaction involved Continental Realty Corporation, which plans to make property improvements, acquiring the retail center from Citivest Commercial Investments. CBRE’s Brad Lyons represented the seller in this transaction.

Players

Brad Lyons
CBRE
Brad Lyons
6 deals$92.1M volume
BROKER
Continental Realty Corporation
Continental Realty Corporation
BUYER
CI
Citivest Commercial Investments
SELLER

Details

SOLD
IMAGE: 12/22/2025 ADDRESS: 9223-10001 Grant Street & 10005 Grant Street MARKET: Thornton, CO ASSET TYPE: Retail BUYER: Continental Realty Corporation SELLER: Citivest Commercial Investments BROKER: Brad Lyons - CBRE SALE PRICE: $25,500,000 SF: 266,008 ~ PPSF: $96 NOTE: Continental Realty Corp. acquired Thornton Town Center, a 266,008-square-foot neighborhood retail center at 9223–1001 and 1005 Grant St. in Thornton, Colorado, from Citivest Commercial Investments for $25.5 million. The 24-acre, 73%-leased property includes tenants such as Sky Zone, Starbucks, and Jersey Mike’s; CBRE’s Brad Lyons represented the seller, and CRC plans property improvements.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,360,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11