Squire Plaza
Retail | 7.73% CAP | 20,787 SqFt
Marketing description
20,787 SF two-story multi-tenant asset positioned along W Colfax Ave—configured with small-bay suites catering to service-oriented businesses and neighborhood retail demand. Diverse tenant mix including beauty, wellness, auto, insurance, and professional services—driving consistent daily traffic and repeat local clientele. High-visibility corridor with traffic counts exceeding 26,000 vehicles per day, providing strong exposure and accessibility for retail and service users.
Stabilized multi-tenant layout reduces reliance on any single tenant, supporting diversified and resilient income streams. Value-add opportunity through lease-up, rent increases, and tenant mix optimization—current configuration allows for improved positioning and stronger in-place economics. 0.84-acre site with 90 surface parking spaces (3.44 per 1,000 SF)—well-suited for high-turnover service retail and customer-facing uses.
Originally constructed in 1958 and renovated in 2017—offering a balance of functional improvements and operational stability. Located within the West Denver submarket, an area experiencing continued demand for affordable small-suite commercial space with limited new supply. Walkable access to nearby transit options including Garrison and Lakewood/Wadsworth stations—enhancing accessibility for employees and customers.
Investment highlights
- 20,787 SF two-story multi-tenant asset positioned along W Colfax Ave—configured with small-bay suites catering to service-oriented businesses and neighborhood retail demand
- Diverse tenant mix including beauty, wellness, auto, insurance, and professional services—driving consistent daily traffic and repeat local clientele
- High-visibility corridor with traffic counts exceeding 26,000 vehicles per day, providing strong exposure and accessibility for retail and service users
- Stabilized multi-tenant layout reduces reliance on any single tenant, supporting diversified and resilient income streams
- Value-add opportunity through lease-up, rent increases, and tenant mix optimization—current configuration allows for improved positioning and stronger in-place economics
- 0.84-acre site with 90 surface parking spaces (3.44 per 1,000 SF)—well-suited for high-turnover service retail and customer-facing uses
- Zoned M-G-S, allowing for a wide range of commercial, retail, and light service uses—providing long-term flexibility and adaptability
- Originally constructed in 1958 and renovated in 2017—offering a balance of functional improvements and operational stability
- Located within the West Denver submarket, an area experiencing continued demand for affordable small-suite commercial space with limited new supply
- Walkable access to nearby transit options including Garrison and Lakewood/Wadsworth stations—enhancing accessibility for employees and customers
- Proven demand for small-bay service users, as evidenced by current tenancy and strong absorption trends within similar neighborhood retail centers
- Monument signage and strong frontage along Colfax Ave provide branding visibility for tenants and enhance overall leasing appeal
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