Press Releases
Marcus & Millichap Announces the Sale of a Net-Lease Starbucks in Aurora, Colorado
January 29, 2024
AURORA, Colo., January 29, 2024 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a brand new, 2,155-square-foot net-lease Starbucks located in Aurora, Colorado. The asset traded for $2,610,000.
James K. Rassenfoss, first vice president, and Drew Isaac, senior managing director, in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer is a local, all-cash investor in a 1031 Exchange who was represented by Kyle Malnati at Kentwood Commercial.
Starbucks is located at 25455 East Smoky Hill Road in Aurora, Colorado. The Starbucks is close to prominent local schools and is situated between Southlands Mall and a King Soopers Marketplace.
James K. Rassenfoss, first vice president, and Drew Isaac, senior managing director, in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer is a local, all-cash investor in a 1031 Exchange who was represented by Kyle Malnati at Kentwood Commercial.
Starbucks is located at 25455 East Smoky Hill Road in Aurora, Colorado. The Starbucks is close to prominent local schools and is situated between Southlands Mall and a King Soopers Marketplace.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
