NavPoint Real Estate Group Completes Sale of 30,843 SF Office Property in Colorado Springs, Colorado for $7,200,000
navpoint / September 29, 2022
Colorado Springs, CO – NavPoint Real Estate Group is pleased to announce it has completed the sale of 5371-5759 N Academy Boulevard, an office property consisting of 30,843 SF located within the Centerpointe Plaza shopping center.
Centerpointe Plaza is located at one of the city’s busiest intersections at the southeast corner of North Academy Boulevard and Vickers Drive. The property offers easy access to Interstate 25 and is only an hour’s drive from Denver.
“This asset sold off-market to a buyer in a 1031 exchange who was seeking a well-located, stabilized investment. 5731 N Academy offered an excellent mix of 3 tenants in the medical, fitness, and educational sectors. The location at the hard corner of Vickers and Academy boasts 50,000 + VPD and underscores the continued private capital investor interest in Colorado Springs,” commented Matt Call of NavPoint Real Estate Group, who represented the Seller.
Matt Call of NavPoint Real Estate Group represented the seller, Silverwood Investments LP. The buyer, East of Eden Enterprises LP, was represented by Jae Kim of Re/Max 100, Inc.
This transaction successfully closed in September 2022.
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