Two-Building Portfolio Strip-Center In Eagle Rock Sold For $4.75M On Colorado Blvd

A two-building portfolio strip-center located on Colorado Blvd in Eagle Rock has been sold for a total price of $4,745,000. The portfolio consists of five storefronts, all of which are occupied by tenants under NNN leases. The total square footage of the property is 9,206, resulting in a price per square foot of $515.42. The sale of this highly desirable property achieved a cap rate of 4.98%.

Summary of transation details

• Property Type: Two-building portfolio strip-center
• Transaction Amount: $4,745,000
• Address: 1577-1579 Colorado Blvd
• Market: Eagle Rock
• BROKERS: Greg Engel, Devon Peters, Oliver Ghadoushi

The deal was facilitated by brokers Greg Engel, Devon Peters, and Oliver Ghadoushi. They successfully negotiated the sale of the strip-center, which attracted a high level of interest due to its prime location on Colorado Blvd. The transaction included both buildings within the portfolio, and the sale was completed with all tenants in place under NNN leases.