Denver County
Address: 231 Detroit St., Denver
Improvements: 8,868-sf retail building, YOC 1985
Land Size: 6,250 sf
Date of Recording: 11/20
Reception No.: 2017152985
Price: $5.2M, or $586.39 psf
Grantor: Diamond Property Group LLC, Michel A. Miro, mgr., Miro Jewelers
Grantee: Detroit Street Holdings c/o Buell & Company, John Maragon, mgr.,
303-320-6929
Comments: Property was formerly listed for lease by Tanner Johnson of Cushman & Wakefield and had 3,267 sf available for $20 per square foot. The sale was handled by David Morrison (formerly with Colliers) of Kentwood Commercial, 720-330-8888, who contacted the seller and negotiated a sale agreement between the seller, who owns a jewelry business in the building and will continue to remain as a tenant, and Buell & Company. Buell & Company, which has had a major presence in the Cherry Creek market for the last 80 years, purchased the building. Roche Fore represented the buyer in the transaction, 303-320-6929.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
