Abilene Square, a freestanding mall in Aurora, was sold to LV Neosho Investments, LLC for just over $ 1.6 million. The 6,422 square meter center property was 100 percent occupied by three tenants at the time of sale.
Jon Hendrickson and Mitch Veremeychik of Cushman & Wakefield’s Capital Markets in Denver represented the seller, Abilene Square, LLC, on the transaction.
“Abilene Square is well positioned in the marketplace, which has resulted in great tenant retention and tenant persistence throughout the pandemic,” said Mitch Veremeychik, senior associate. “This asset was a perfect match for the buyer and we believe this will be a powerful investment for years to come.”
Abilene Square is located on 990-994 S Abilene St and is adjacent to Interstate-225. Built in 2000, the center is rented to a variety of long-term tenants, including the largest and fastest growing battery, light bulb, and smartphone / tablet repair franchise in the country, a hair salon, and a rapidly growing dental service company.
The property is surrounded by major retailers and is close to downtown Aurora, a 1 million square foot mall with plenty of shopping and dining. The area has grown a lot in recent years. The city of Aurora is located approximately 10 miles east of downtown Denver.
Photo courtesy of Cushman & Wakefield