DENVER CA-The 138,334-square-foot Mission Commons Shopping Center in nearby Westminster has sold for $14.5 million, according to brokers from the local office of Marcus & Millichap who negotiated the sale. The center, at the at northwest corner of West 88th and Wadsworth Boulevard, a six-lane highway, is 89% occupied by a mix of national and local retailers, including anchors Sears Outlet, Big 5 Sporting Goods and Bally Total Fitness.

The property, which was built between 1983 and 2006, was listed by senior vice president Garrette L. Matlock, senior director of the Marcus & Millichap National Retail Group, along with Jon D. Hendrickson, senior associate and member of the national retail group. The property attracted multiple offers, primarily from private investment groups.

The buyer, a locally based private investment group, acquired the center from a Colorado-based private investment group and assumed a $12 million loan in the mid-5% interest range with four years remaining before maturity. The sale included a $150,000 credit to the buyer toward maintenance.