Unique Properties Announces Three Metro Denver Transactions
DENVER— Unique Properties, Inc., recently announced the following metro Denver CRE sales:
1301 North Santa Fe Drive, Denver, sold for $1,650,000. The 3,303-square-foot, colorful building was marketed as a land development opportunity and sits on 12,000 square feet of prime Denver land. The C-MX-8 zoning, plus the UO-1 & UO-2 overlays, permit a multitude of uses for the new owner.
A five (5) property apartment portfolio in Glendale sold for $13,950,000. The buildings, constructed between 1957 & 1961, boast 70,407 square feet and 98 units, the majority of which are one bedroom one bathroom. The portfolio was purchased by a local investment group with more than four decades of multifamily investment and development experience.
The five properties in the Albion Portfolio are as follows:
1) 1520 S Albion St,
2) 1588 & 1594 S Albion St,
3) 4101 E Iowa Ave,
4) 1600 S Albion St, &
5) 1650 S Albion St.
1390 Hoyt St, Lakewood, a 44,301 square foot lot zoned for residential/multifamily, also sold for $850,000.
The property is located approximately 1.5 blocks from the Garrison Street Light Rail Station just off Garrison Street & Colfax Avenue. The zoning allows for up to 26 units of multi-family housing development on the roughly 1-acre parcel.