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Prime South Broadway & W. Yale corner sells for $97.02 per square foot

Denver County

Property Location: 2655-89 S. Broadway

Property Description: Auto sales lot with 5,688-sf commercial building, YOC 1895, & 4,117-sf retail building, YOC 1931, masonry construction

Land Size: 31,250 SF

Sales Price: $3.03M, or $97.02 psf (land value)

Reception No.: 2019020140

Closing Date: 2/19

Grantor: JT Broadway (John G. Tumbarello Jr.)

Grantee:  Flywheel Yale LLC (Benjamin Hrouda, mgr.)

Financing:  $1.5M payable to Solera National Bank; $700,000 payable to Qualfax Inc. of Gardena, CA 90248

Comments: Existing improvements are generating rental income while plans are being made for redevelopment of this site.

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.