March 26, 2025
DENVER – Transwestern Real Estate Services (TRS) announces that it brokered the $2.5 million sale of 710 Wapiti Ave. in Rifle, Colorado. The Transwestern team of Vice President CJ Brill and Vice President John Blackshire represented the seller, 287 Investments, LLC in the sale to Mark and Julie Burner, who were represented by Cheryl&Co. Real Estate.
287 Investments purchased the building in 2019 and its sale comes as the firm principal, Steve Hansen, divests of his real estate holdings in preparation for retirement. The buyers have local connections to the area, which helped make their offer stand out in a crowded field.
“We were pleased to see such an active sale process, during which we sourced eight competitive offers,” said Brill. “The sale of 710 Wapiti Ave. is a great indication that despite the cost of capital remaining high, investors are still flocking to well-located assets offering strong tenants and cash flow.”
Built in 2012, 710 Wapiti Ave. comprises 15,846 square feet. The single-story retail building, which is fully occupied by AutoZone and Aaron’s, is located on Highway 70, adjacent to the Grand River Hospital.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners, and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
Media Contact:
Dan Foley
508.272.0017
dan.foley@transwestern.com
twmediarelations@transwestern.com
