Widefield Mall Portfolio of 9 Assets
Portfolio of 9 Assets For Sale
Marketing description
A 9-asset collection of anchored, multi-tenant, and single-tenant retail real estate totaling approximately 183,543 square feet in the Widefield / Security submarket of Colorado Springs, Colorado. The portfolio is anchored by a ±151,058-square-foot neighborhood center home to Big R, Harbor Freight, and Dollar General, and is complemented by an additional multi-tenant strip center and seven freestanding multi- and single-tenant buildings occupying the dominant retail corner of Widefield Boulevard and Fontaine Boulevard.
The Offering is available in its entirety, by individual center, or as individual single-tenant assets, giving investors of varying size and strategy a rare opportunity to acquire scale in a single transaction or to “cherry-pick” specific properties. Aggregate pricing is $12,249,280, reflecting a basis of approximately $67 per square foot, well below replacement cost.
Property Information:
Sale Price: $12,249,280
Price Per SF: ±$66.71 / SF
In-Place NOI: ±$710,786
Total GLA: ±183,542 SF
Occupancy: ±95%
Number of Buildings: 9 (1 anchored center, 1 strip center, 7 multi- & single-tenant)
Property Type: Retail (Multi- & Single-Tenant) and one office property
Submarket: Widefield/Security, CO
Acquisition: Whole, by Center, or Individual
Investment highlights
Flexible Acquisition Structure
Anchored by National & Regional Credit
Granular, Diversified Income
Embedded Value-Add Upside
Contractual Rent Growth
Below Replacement Cost & Infill Location
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
