Aurora, CO, May 14, 2021- SVN | Denver Commercial is pleased to announce the sale of 11002 Yale Ave in Aurora. The 8,120 sq. ft. retail property was sold for $ 1,895,000.
Ryan Bengford with SVN | Denver Commercial represented the Seller, GBC Enterprises LLC. Austin Smith with Capstone Apartment Partners represented the Buyer.
This property is leased to Colorado Harvest Company, a professional cannabis company with a strong footprint in the Denver and Aurora markets. The building is uniquely utilized as both a retail dispensary and a cultivation center.
The 1031 Buyer was attracted to the high rate of return, strong cannabis tenant, and long term lease. There were multiple offers on the property showing the continued demand for single tenant assets in the state of Colorado. The deal went from contract to close in 90 days.
11002 Yale Avenue, Aurora