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Denver Brokers Dealing in Cheyenne, WY

$2.173M Net-Leased Investment Sale
By Sam Baltz
June 12, 2003 | 5:19 P.M.

DD&B Investment Group LLC purchased the Sutherland’s Home Improvement Store located at 5221 Yellowstone Road in Cheyenne, WY, for $2.173 million, or about $29.81 per square foot. The 72,879-square-foot, single-tenant retail building sold at an approximate cap rate of 11.3%. Sutherland's has about five years remaining on its lease. Cary Clark and Ron Allum of Denver's Fuller & Co. represented the seller, EIG Cheyenne LLC. Dan Bernth of Doberstein & Lemburg Commercial Inc. represented the buyer.

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