SOLD - Gold Creek Center
210 and 240 Elizabeth St., Elizabeth, CO 80107
Basham & Associates, as exclusive Broker, was pleased to present the opportunity to acquire the Gold Creek Center, a quality 26,868 sq ft Safeway shadow anchored shopping center. This asset has since been sold.
THE OFFERED ASSET
A UNIQUE OPPORTUNITY
The Center is located within the thriving southeast suburb of the Denver MSA in the town of Elizabeth, Colorado. The Gold Creek Center is 94% leased to sixteen (16) diverse tenants providing an investor significant and stable cash flow. Internet resistant tenants are led by Health Care (34%), Personal and Professional Services (25%), and Restaurants (30%).
All leases have annual escalators. Additionally, Gold Creek Center is being offered at a significant discount to replacement cost at $236 per square foot. The “Main Street” located Property is the dominant shopping Center in Elizabeth and the surrounding area and caters to the nearby executive and white-collar employee housing base.
Owner shall agree to delay the closing until all the tenants have reopened and have resumed normal business activities.
