Denver County
Address: 1660 Lincoln St., Denver
Improvements: 284,610-sf, 31-story office building, YOC 1972, renovated several times since then, including in 2016
Land Size: 33,244 sf
Date of Recording: 3/13
Reception No.: 2018030017
Price: $67.2M, or $236.12 psf
Grantor: UPI 1660 Lincoln LLC, c/o Unico Properties LLC
Grantee: 1660 Lincoln St. Propery LLC, c/o Westport Capital Partners LLC, El Segundo, CA, attn..: Eric Clapp, mgr., 310-294-1234
Financing: $51.32M payable to Acore Capital Mortgage LP
Comments: The building is at Lincoln & E. 17thAve. (see APN: 2349-36-012). Included in the sale was an 11,303-sf parking garage on the west side of Sherman St., 100’ south of East 17thAvenue (see APN: 2349-36-009). The property was listed by Mark Katz, Peter Merrion & Leon McBroom and was 70% occupied. The seller spent $17 million on updating the lobby, new central plant and HVAC systems.
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.
