CENTENNIAL, CO-First Allied Global Corp. has paid nearly $4.6 million to Tower Investments LLC for the 20,047-sf Smoky Hill Shopping Center. The sales price for the class A, neighborhood shopping center at 1825 E. Smoky Hill Rd. equates to $228 per sf.

Brad Lyons of Marcus & Millichap represented the seller, and Robert Edwards and Eric Kimose, also of Marcus & Millichap, represented the buyers. The deal involved a pre-payment penalty on the loan.

“With the 10-year Treasury being at 42-year historic lows it made sense for the buyer and seller to share the $500,000 prepayment penalty in order to maximize the seller’s value and the buyer’s return,” explains Edwards. The shopping center in the southeastern metro area, with easy access to the Denver International Airport from the E-470 toll road, serves one of the fastest growing submarkets in the metro area.

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