9400 West Colfax Avenue just Sold for $1,700,000

Sold

$1,700,000

December 27, 2021

Announcing the Sale of 9400 West Colfax Avenue for $1,700,000

Denver, CO – December 30, 2021 – Madison Commercial Properties is pleased to announce the sale of 9400 W. Colfax Avenue, Lakewood, CO.  The property, consisting of two structures, a 530 square foot Hamburger Stand restaurant, and a 2,099 square foot vacant, single-tenant retail building, was sold on December 27, 2021, for $1,700,000 or $647/SF, $39/SF for the land.

Brandon Gouker, Managing Partner, and Ryder Fink, Commercial Real Estate Advisor with Madison Commercial Properties, represented the out-of-state buyer in the off-market transaction.

“We are thrilled to have worked with the buyer who is also the Hamburger Stand Franchisee for this location in the acquisition.  They have operated a successful business out of the property for a number of years, and we’re excited about the opportunity to acquire the real estate.  In addition to continuing to operate the restaurant, they plan to redevelop the remainder of the parcel eventually,” stated Brandon Gouker, Managing Partner with Madison Commercial Properties.

For more information on this transaction, please contact Brandon Gouker or Ryder Fink:

Contact the Brokers today!