Long-term Denver investor acquires restaurant with a 10-year lease

Denver County

Property Location: 3500 Larimer St., Denver, “Hop Alley” restaurant

Property Description: 5,158-sf restaurant, YOC 2000

Land Size: 6,244 sf

Sales Price: $2.08M, or $403.26 per sf

Reception No.: 2018009282

Closing Date: 1/24

Grantor: KOCV Fund I LLC, Chris Viscardi, mgr.

Grantee: Arapahoe and Folsom Associates LLP, Rob Naiman, mgr., 303-534-5929, Denver 80202

Comments: Nikki Naiman was the broker involved representing the buyer. The property was under a 10-year lease to the tenant, Hop Alley Restaurant. 

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.