Property Location: 1221 Broadway, Denver
Property Description: 50,752-sf, three-story office building, YOC 2014
Land Size: 6,500 sf
Seller: CPX Broadway Office LLC, Thomas E. Banta, mgr., 303-339-9800
Buyer: Ever Beauty LLC (Jisheng Song, mgr.) 2855 Country Wood Lane, West Covina, CA 91791 (95%) & NCP 1221 Broadway (5%) (Brian Watson, mgr.), 1999 Broadway, Suite 770, Denver 80202
Price: $17.15M, or $218.98 per sf
Reception No.: 2018012725
Closing Date: 1/29/2018
Financing: $11.12M payable to Guaranty Bank & Trust, due 1-31-25
Comments: Unit 2, The Art Hotel and Broadway Office Building. Listed and sold by Riki Hashimoto and Dan Grooters of Newmark Knight Frank. Single tenant is Four Winds Interactive.
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.