Denver, CO (November 9, 2016) —Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the sale of a retail property located at 7701 East Colfax Avenue in Denver, Colorado.
The 5,636 square foot Property sold for $875,000 on November 9, 2016. Brian McKernan, Senior Broker Associate, represented the undisclosed seller. The buyer is an owner/user who plans to renovate the building to serve as their third Denver Pablo’s Coffee location. The large majority of the space will be used for the coffee roasting process, while the storefront will be utilized as a coffee shop.
The Property is located between Downtown Denver and University of Colorado Anschutz Medical Campus. This area is known as the East Colfax retail corridor and it has been swiftly developing. Several new constructions and renovated properties have been completed, making this soon-to-be refinished retail building suitable for the corridor in which it’s situated. The buyer was attracted to the building’s positioning on Colfax which features street frontage and excellent signage exposure.