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9/29/24
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A local 1031 exchange investor paid $2 mil for a 1.2k sf ($1,667/sf), Take 5 Oil Change property in Arvada, CO. The tenant has a new 20-year lease in place at the property, located at 6795 Wadsworth Blvd.
The property is well-located at a busy intersection and is within a densely populated area with more than 324,000 residents within a five-mile radius.
Ryan Tomkins, Patrick McGlinchey and Justin Gregory with SRS Real Estate Partners represented the seller, a local developer/private investor. The buyer paid all-cash.
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