Colorado Boulevard site trades hands for $2.5M

The 0.75-acre site at 2228 S. Colorado Blvd. sold for $2.5 million. (Burl Rolett)

The 0.75-acre site at 2228 S. Colorado Blvd. sold for $2.5 million. (Burl Rolett)

An Englewood retail real estate firm has closed its second Colorado Boulevard acquisition in as many years.

Armstrong Capital Development bought an auto glass shop at 2228 S. Colorado Blvd. for $2.55 million this week. It’s at least the second Colorado Boulevard acquisition for the firm, which also paid $1.7 million for a Key Bank branch half a block south at 2305 S. Colorado Blvd. in 2015.

Armstrong’s most recent purchase sits just south of Warren Avenue and Colorado Boulevard. The property covers 0.75 acres, and houses Gerber Collision and Auto Glass.

Armstrong Capital Development, which bought the property through 2228 South Colorado Development LLC, is an Englewood-based retail real estate developer and landlord. The company lists a dozen retail properties around Denver on its website.

The firm financed its latest Colorado Boulevard acquisition with a loan from Guaranty Bank and Trust, Denver city records show. Jarrett Armstrong, who signed the deed of trust on the company’s behalf, did not return a call seeking comment by press time Thursday.

Gerber Collision & Glass, the building’s current tenant, has two other locations around Denver, with shops on South Santa Fe Drive and West Colfax in Lakewood.

Leave a Reply

Be the First to Comment!

avatar
  Subscribe  
Notify of