CBRE has completed the sale of an AMC Theater property in Parker, Colo. The ±32,142-square-foot, triple-net leased property commanded a sale price of $6.2 million.
Jesse Goldsmith and Steve Julius with CBRE’s Phoenix, Ariz. office negotiated the transaction on behalf of the buyer, STORE Capital which is headquartered in Scottsdale, Ariz. The seller, Franmar Presentations, LLC of Parker, Colo. was represented by Matt Henrichs with CBRE’s Denver, Colo. office.
The buyer is going to do very well with this acquisition. This is a top performing theater with minimal competition in the sub market,” said CBRE’s Goldsmith.
Built in 2002, the property is situated on ±5.07 acres at the northwest corner of South Twenty Mile Road & East Main Street in Parker. The freestanding retail building is home to an AMC Theater. AMC is the nation’s number two movie theater chain with over 387 theaters nationwide. The property benefits from its location in the heavily trafficked Parker Retail Corridor and proximity to dense suburban areas with more than 59,000 people within a three-mile radius.
