Colorado Place | Bullhead City, Arizona
For Sale or Lease: Commercial Condominiums
Completed in 2001 in a white, mission style architecture, in the premier location in the tri-state market (the five communities of Laughlin, Nevada; Bullhead City, Arizona; Mohave Valley Arizona; Fort Mohave, Arizona; Golden Valley, Arizona; and Needles, California), the 100,000 square foot, two story for-lease retail/office Upton Plaza fell into receivership almost immediately due to poor management and an occupancy of only 12%. The property consists of two buildings, one two-story building fronting on Highway 95, the other single story building fronting on Miracle Mile.
The property was acquired from the receiver by a partnership controlled by Biegel & Co LLC within days of its availability. A $2,000,000 renovation was completed, repositioning the property as the premier office/retail development in the tri-state market. The street level of Highway 95 has retail space for lease that, during renovation, experienced over a 100% increase in occupancy. The second floor of the Highway 95 building and the Miracle Mile have office condominiums currently available from 1,000 up to 15,000 square feet._ The benefits of business condominium ownership include professional property management (hassle-free ownership), and all the tax benefits of ownership.
For more information, please visit the Colorado Place website.
Click on graphic to enlarge.