Denver County
Property Location: 777 Grant St., Denver
Property Description: 66,866-sf, six-story office building, YOC 1972
Land Size: 40,623 sf
Sales Price: $9M, or $221.55 psf (land value), or $134.60 psf (with imp.)
Reception No.: 2018152550
Closing Date: 11/28
Grantor: The Housing Authority of the City of Denver (Ismael Guerrero, exec. dir.)
Grantee: LCP 777 LLC, Jonathan Bush, mgr., 303-797-9119
Financing: $8.5M payable to seller due 5/31/2019
Comments: Seller will vacate this facility and relocate its new headquarters in Lincoln Park in 2019. It will occupy approximately 35,000 sf of the under-construction, 11-story, 150,000-sf office tower located near Osage and West 10thAvenue. The buyer intends to completely renovate the building. The first floor will be configured with 5,100 sf of office, 2,750 sf of restaurant space, 2,000 sf of retail area, a 650-sf conference room, 1,700-sf corporate living room and two patio spaces of 700 sf and 1,000 sf, respectively. After renovation, there are 154 parking stalls, including six ADA spaces (66 garage stalls, 53 surface stalls, 19 stalls on the deck).
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.
