Property Map

Mountain Meadows Mall

720-810 N Main St , Gunnison, CO
  • Property Type: Retail
  • Size: 20,548 Sq. Ft.
  • Date Closed: 08/18/2018

Challenges

• The shopping center consisted of three separately owned strip centers that were a part of the same HOA (Home Owners Association)
• There was existing debt on the HOA and the current sellers wanted the new owner to assume it
• The sale consisted of two strip centers with two different owners
• The property had limited renovations over the years and needed significant capital improvements
• It was a unique deal with some unknown retailers on short term leases

Solutions

• We took a targeted, hands on approach to marketing the asset by identifying buyers of similar assets.
• Quantum used its propriety database to create multiple offers from a variety of buyers across the country
• Quantum also vetted buyers who were comfortable with the current condition of the building and short term that remained on the lease
• Quantum was able to manage both sides of the transaction while all parties worked toward an amicable solution on the existing debt on the HOA.

Results

• The transaction closed with a local buyer who bought both strip centers and worked to a resolution to the challenges mentioned above
• We were able to guide all parties through the complexities of the HOA, payments and other intricacies of the deal

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