Denver County
Sale No. 1
Denver
Property Location: 4342 Tennyson St., Denver
Property Description: 4,750-sf retail building, YOC 1961, brick
Land Size: 6,345 sf
Sales Price: $1.73M, or $363.16 psf
Reception No.: 2018056546
Closing Date: 5/10
Grantor: 44thPartners LLC
Grantee: 540 Realty LLC, 165 Coleridge St., Brooklyn, NY 11235
Comments: Property was listed by Daniel Jimenez of Re/Max City Horizons LLC, 303-455-3300. Going-in cap rate of 6% is realized for this two-tenant retail investment in the Berkeley neighborhood of Denver. The tenants include De Steeg Brewery, occupying 1,557 square feet, and Ohana Yoga studio, with 3,193 square feet.
Sale No. 2
Property Location: 3936 Tennyson St., Denver, “former Landmark Theatre”
Property Description: 4,781-sf retail building, YOC 1923, brick
Land Size: 6,332 sf
Sales Price: $1.6M, or $334.66 psf
Reception No.: 2018049729
Closing Date: 4/27
Grantor: Chase Partners LLC, Robert Smith, mgr.
Grantee: 3936 Tennyson LLC, John J. Horvat, mgr.
Comments: Property was listed by Jamie Mitchell & Michael Krebsbach, and the buyer was represented by Jules Hochman, all of Pinnacle Real Estate Advisors LLC. This property was vacant at time of sale. Chase Partners purchased the property in January 2017 for $1.15M and realized an profit of 39.13%.
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.
