A multi-tenant retail property located at the intersection of Colfax Avenue and Wadsworth Boulevard in Lakewood, Colorado. The two-building property neighbors a Super Walmart and Home Depot in a densely populated trade area and benefits from frontage on one of the most heavily trafficked intersections in West Denver.
Property Description
ACD acquired Colfax Central in 2011 and through a long-term strategy that utilized a combination of the property's unique location and ACD's hands-on approach to working with local municipal and broker relationships, ACD successfully positioned Colfax Central into an attractive and vibrant retail destination.
Key Stats.
Area
14,192
Sub-Market
Denver
Year Built
1998
Type
2010 Fund
Features
- Frontage on high-traffic intersection in the West Denver Metro
- Opportunity to drive value by redesigning signage, parking and landscaping; increasing occupancy to 100% from 66% at acquisition; reducing operating expenses by 20% and extending the average lease term by six years