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Brick-and-timber building in LoDo neighborhood sells for $6.43M

The building at 1925 Blake sold for $418 per square foot.

A three-story office/retail building in Lower Downtown Denver fetched $418 per square foot in a sale to California buyers.

JHB Properties LLC and WSJ Associates LLC bought 1925 Blake St. for $6.43 million. Webb Properties LLC was the seller.

The 15,375-sf, brick-and-timber building is a half-block from Coors Field. Built as a warehouse in 1890, it features high ceilings, natural lighting, exposed brick and heavy timber columns. It was transformed into office space in 1934 and is 100% leased to a retailer and three office tenants, including QuoteWizard and AXS.

Jon D. Hendrickson and Aaron D. Johnson, managing directors with Cushman & Wakefield’s Denver Capital Markets Group, handled the transaction with Cushman & Wakefield’s Harrison Archer.

Jon Hendrickson CREJ Colorado Real Estate Journal Speaker

Jon Hendrickson

Hendrickson said, “1925 Blake has been a relevant location and building since its construction in the late 1800s, but the location only continues to improve. Coors Field has a new, 30-year lease, which anchors the submarket, and transformative developments such as McGregor Square, Dairy Block, Market Station and Union Station provide enormous stability and value drivers for years to come.”

Featured in CREJ’s Sept. 18-Oct. 2, 2019, issue

Kris Oppermann Stern is publisher and editor of Building Dialogue, a Colorado Real Estate Journal publication, and editor of CREJ's construction, design, and engineering section, including news and bylined articles. Building Dialogue is a quarterly, four-color magazine that caters specifically to the AEC industry, including features on projects and people, as well as covering trends…