• MCA Banner Ad 4 728 x 90
  • Digital - This Space Available
  • MidFirst Bank Banner 728 x 90
  • Coan Payton & Payne 2023 Banner 728 x 90
  • Advanced Exercise 2022 Banner 728 x 90

Pair of retail properties on Tennyson Street yield $3.33 million

Denver County

Sale No. 1


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.