Colorado Real Estate Journal - March 1, 2017
Local investors paid $3.05 million, or $173.16 per square foot, for a fully occupied shopping center in Eaton. SKY Inc. bought the 17,614-square-foot Maplewood Shopping Center from Maplewood Investments LLC. The buyers had sold a liquor store and decided to invest their proceeds in the Eaton center, according to Roland Susich of Coldwell Banker Commercial in Englewood, who represented them in cooperation with Jeoungmee “Kim” Choi of Coldwell Banker Residential Brokerage in Fort Collins. Cobey Wess of SVN/Denver Commercial, who represented the seller, said the center at 201 S. Elm St. offered a stable investment with long-term leases in place. She put the property under contract in the fourth quarter and said she received numerous calls about it after the first of the year. “I think it’s just a lack of inventory for investment properties. If you have a good one and it is well priced, you’re going to have activity on it,” Wess said. Maplewood Shopping Center was built in 2004 and has been managed by the same company for more than a decade. It houses a mix of local and national tenants, including Subway and Domino’s.