Littleton, CO, August 4, 2020 – Troy Meyer and Kevin Matthews are pleased to announce the sale of 5553-5555 S Broadway in Littleton also known as the Napa Auto Shops. The 12,287 sq. ft. retail property was sold for $2,400,000. Troy Meyer and Kevin Matthews with SVN | Denver Commercial represented the seller, Equitable Resources LLC. Mark Goodman with Goodman Commercial Real Estate Inc. represented the buyer.
“The Napa Auto Shops was put on the market during the height of the Covid 19 pandemic, yet it still received a significant response from our initial marketing. Investors were attracted to the recession proof tenancy, which was proven through both tenants paying rent during uncertain times. One of the tenants even extended their lease during escrow showing their commitment to the location” said Kevin Matthews.