Denver, CO (May 4, 2021 ) —Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the sale of Firehouse Square, a multi-tenant retail/office property along 6th Avenue in Central Denver. The Seller, RAK Investments Inc, was represented by Michael DeSantis and Brett MacDougall, Senior Brokers, with Unique Properties Inc. The property sold for $4,750,000 or $486 per Square Foot.
The property consists of two buildings totaling 9,762 rentable square feet, which are currently 100% leased to an internet-resistant, service-oriented tenant mix that includes Chase Bank, VCA Animal Hospital, and a local accounting firm. The site is strategically positioned along 6th Avenue between Corona & Ogden, with quick access to Denver’s most popular neighborhoods, including Cherry Creek, Capitol Hill, and Washington Park. This historic property was originally built as a Denver City firehouse before being converted to a commercial-use property. This generational asset has not been offered for sale in over 35 years; its location and investment grade tenants, paired with its exposed brick, timber and metal features made this a rare purchase opportunity in the central market.
The Buyer of the property was in a 1031 Exchange and was attracted to the tenant mix and location.
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Russell Ault at rault@uniqueprop.com