9078 Westview Road Retail
  • Asking Price
    $6.9MAsking Price
  • Cap Rate
    6.50%Cap Rate
  • Price/SF
    $498.23Price/SF
  • Gross Leasable Area
    13,825 SFGross Leasable Area
  • Traffic Count
    210928Traffic Count
  • NOI
    $448KNOI

Description

9078 Westview Road is a retail strip center for sale in Lone Tree, CO, within the Denver South submarket. The 13,825 SF property is 100% occupied, placing its existing income and retail presence at the center of the investment opportunity.

Built in 2001, the center sits on 1.26 acres and has 60 parking spaces in a surface lot. Monument signage gives tenants a shared point of identification, while the parking supports access across the property. The reported traffic count is 210,928 AADT, a visibility metric for buyers weighing the center’s retail position. With 0 SF of gross leasable area on offer, the current tenancy defines the asset rather than a vacant-space leasing plan. Operating expenses are $15.37/SF/year, a figure that matters when reviewing the relationship between property costs and income.

The asking price is $6,888,000, or $498.23 PSF, with a 6.50% cap rate and $447,703 in NOI. In-place rents are $459,654 annual, giving an investor an income figure to review alongside the center’s full occupancy. The 7.3% return on cost and 5.46% cash-on-cash figures add distinct measures to that review without changing the central proposition: this is an occupied strip center offered with established income. Buyers can weigh that income against the asking price, operating expenses, parking and signage as they consider ownership of 9078 Westview Road.

Offering Summary

  • Asking Price
    $6,888,000
  • Price PSF
    $498.23
  • Property Type
    Retail
  • Size
    13,825 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    2001
  • Parking
    60
  • Total Acres
    ~1.26 ac

Sale Details

  • Cap Rate
    6.50%
  • NOI
    $447,703
  • Return-on-Cost
    7.30%
  • Cash-on-Cash
    5.46%

Documents

Property Address

9078 Westview Road
Lone Tree, CO 80124-5155

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    13,825 SF
  • Occupancy
    100%
  • Traffic Count
    210,928 AADT
  • Operating Expenses ($/SF/yr)
    15.37 $/SF/yr
  • Amenities
  • Year Built
    2001
  • Total Parking
    60
  • Acres
    1.26

Deal Team

Chris Peters profile image

Chris Peters

Managing Partner, Executive Committee
CP Partners
Chris Kostanecki profile image

Chris Kostanecki

Founder, Executive Committee
CP Partners