SHOPS AT ACADEMY POINT
6406-6430 N. Academy Blvd, Colorado Springs, CO 80918
SELLS FOR $1,600,000
COLORADO SPRINGS, COLORADO, December 26, 2018 SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of the Shops at Academy Point in Colorado Springs. The transaction closed on December 26, 2018. Located along North Academy Blvd, the Shops at Academy Point is a newer 4 unit retail strip center with a diverse mix of tenants. The center was 79% occupied at the time of sale.
“We received strong interest in the property due to the attractive location and price point.” said Troy Meyer. “We were only on the market for about 3 weeks before coming to terms the prospective purchaser.”
The team of Kevin Matthews and Troy Meyer represented the seller on the transaction, Academy Point LLC. The buyer, Academy Points LLC, was represented by Tom Bevans of Antonoff & Company. The Meyer/Matthews team specializes in the sale of retail, office, and medical properties throughout the Front Range and single tenant net lease nationwide. With more than 30 years of combined experience, they have secured numerous transactions valued at more than $1 billion, including 12 sales in the past 3 months.
Founded in 1987, SVN International, based in Boston, MA has over 1,200 advisors in more than 180 markets around the globe. To provide the highest value to its clients, SVN International is the only national firm that implements a broker marketing plan in addition to its investor marketing plan for all listings. SVN International is the only national firm that proactively shares its fee 50/50 with cooperating brokers. Guided by this principal of cooperation, SVN has advised clients on billions of dollars in office, multifamily, retail, industrial, hospitality and land transactions. For more information, please visit www.svncolo.com