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Retail buildings in ‘hot’ Denver Highland market snagged by local investors

Denver County

1) Property Location: 3867 Tennyson St., Denver

Property Description: 2,729-sf, two-story retail building, YOC 1899, brick

Land Size: 5,633 sf

Sales Price: $844,000, or $309.27 psf

Reception No.: 2018124774

Closing Date: 10/2

Grantor: Tennyson Street Properties LLC

Grantee: Skal Mot LLC (Dirk Nygaard, Joshua Harris & Eugene Mitchell, mgrs.), 3967 Tennyson St., Denver 80212

Financing: $633,000 payable to FirstBank, due 10-1-2033

Comments: Sold by Julie Trivers Rimola of Ion Real Estate LLC. Victorian commercial property with retail on first floor and four offices on second-floor. There was a new roof in May. Parking is in the rear of the building.  Signature Real Estate broker Dirk Nygaard, 303-809-8347, represented the buyers.

2) Property Location: 5134 W. 29thAve., Denver

Property Description: 1,600-sf retail/office building, YOC 1927

Land Size: 5,342 sf

Sales Price: $826,700, or $516.69 psf

Reception No.: 2018123722

Closing Date: 9/28

Grantor: 5134 W. 29thAvenue LLC (Davida Reck, member)

Grantee: 29thStreet Studios LLC (Lisa Erickson, mgr.)

Comments: This property was listed by Craig Yacks of Covalt Real Estate, 303-421-3300 or 513-226-7667, and is on the southeast corner of Sheridan Boulevard and West 29thAvenue. Buyer already owns 5138 W. 29thAve., which is a 3,515-sf retail building built in 1925. She purchased this property on 12-29-2015 for $487,000.

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.