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Denver infill site closes for $132 per square foot

Denver County

Property Location: 1450 Franklin St., Denver

Property Description: Land value

Land Size: 12,500 sf

Sales Price: $1.65M, or $132 psf

Reception No.: 2017070187

Grantor: The Franklin LLC, Brad Broyhill & Brian Toerber, mgrs.

Grantee: South Broadway & East Arizona LLC, Lance Gutsch, 720-810-1302, & Kiely Wilson, 303-601-1997, 295 Clayton St., Suite 230, Denver 80206

Closing Date: 5/30

Financing: $900,000 payable to MidFirst Bank

Comments: Lots 33-36, Block 35, Wyman’s Addition. This property sold in January 2015 for $675,000.

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.