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Englewood retail condominium investment on South Broadway sold for $2.25 million

Arapahoe County

Property Location: 3401 S. Broadway, Englewood, “Broadway Lofts”

Property Description: 6,073-sf retail condo building, YOC 2017, masonry construction

Land Size: 7,576 sf

Sales Price: $2.25M, or $370.49 psf

Reception No.: D9000352

Closing Date: 1/2

Grantor: Drake Englewood Partners LLC (Jonathan Power, mgr.)

Grantee: Gardner Development LLC (Sheldon & Amber Gardner, mgr.), Montrose

Financing: $1.55M @ 5.5% payable to FirstBank, Due 1-6-2029

Comments: Unit 1A, Broadway Lofts Condominium. Fully leased retail condominium building sold by Riki Hashimoto & Dan Grooters of Newmark Knight Frank. This property adjoins the Broadway Lofts.

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.