Windsor Tower Center
25,116 SF | 59% Leased | Retail Building | Windsor, CO 80550 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 25,116 SF
Listing Contacts
Jared Goodman
Verified Profile
Anne Spry
Verified Profile
Aki Palmer
Verified Profile
Cole Vanmeveren
Verified Profile
- Property Info
Property Overview
Cushman & Wakefield, as exclusive advisors are pleased to present the outstanding opportunity to acquire the Windsor Town Center (WTC), a perfect mix of retail on the main corridor in Windsor, Colorado. The 25,116 SF property is 99% leased with a mix of restaurant, medical, and retail tenants. Ownership has owned the asset since 2007 and enjoyed very high occupancy for the entirety of ownership while retaining some of the original tenants. Due to this hold strategy the WTC has significant upside in rents with near term expiration in leases, with a Weighted Average Lease Term (WALT) of 1 year 8 months remaining and 40% of the center expiring in 2024 or on monthto-month agreements. The average lease rate is 39% below market rents and new ownership can realize upside quickly with minor changes to the property.
Property Details
- Class
- C
- Year Built
- 1974
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 164,221 SF
Highlights
- 99% Occupancy
- 35% Upside in Rents
- Highest Per Capital Income in Northern Colorado
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