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 2364 – 2366 15th St in Denver, CO for $1,500,000 ($417/SF).
Brett MacDougall and Michael DeSantis, Vice Presidents, with Unique Properties, Inc. / TCN Worldwide, represented the Seller in this transaction. David Leuthold, with St. Charles Town Company, represented the Buyer.
This historic building, originally constructed in 1884, sits on the corner of Denver’s Platte Street which is one of the city’s most established and recently activated thoroughfares. The building has been held by the same owner for the last 50+ years, making this generational asset a highly attractive property sale. John DeAndrea, a Denver Native, and pioneer in the local art world, known as a premier sculptor/artist with internationally featured and acclaimed art pieces, originally purchased the building as his studio and office in 1972. After renovating the property for his own personal use, DeAndrea occupied the building for several years before turning it over to renters as a commercial restaurant and retail space. With its neighbor being the famous ‘My Brothers Bar’, the neighborhood has always been an attractive area, and as of recent has seen a major influx of new commercial/residential developments and retailers. Buildings like these have helped keep the historic charm of the popular area.
The building now consists of two spaces (retail & office) between the two floors. The first floor is leased by Just Be Kitchen, which has been successfully operating out of this location as a health café/restaurant for several years; they plan to stay in this location for the foreseeable future as they continue to grow throughout the Denver Metro Area. The second floor is currently vacant but built out as traditional office space. The new owner plans to lease this space out to a new tenant.
The property attracted considerable interest and numerous offers. Ultimately, the buyer(s) who closed on the asset consisted of a group of local investors who are familiar with older buildings and are excited with the long-term potential of the property.
“This generational asset has not been offered for sale in 50+ years; the buildings exceptional location and strong local tenant, accompanied by its street appeal and historic background, made this a rare purchase opportunity.” Brett MacDougall noted. “We have continued to see strong on our urban retail/office listings in solid locations like this. This unique property sits at the connecting crossroads of the Lower Highlands and Downtown Denver neighborhoods. We are thrilled to have worked on this exciting deal.” MacDougall added.
Information on the Owner: http://www.johndeandreasculpture.com/history
Information on the Tenant: https://justbekitchen.com/
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Katie Guardino at kguardino@uniqueprop.com or Brett MacDougall at 303-512-2736 bmacdougall@uniqueprop.com.
About Unique Properties, Inc. / TCN Worldwide
Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 450 commercial real estate transaction in 2021. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.