CBD office building closes for $17.15 million to Denver investor

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Denver County

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.

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