Office Property in Sought-After Bonnie Brae Neighborhood Sells for $1.5M
An office property located at 1280-1288 South Clayton Street in Denver’s Bonnie Brae neighborhood, has sold for $1.485 million.
Monica Wiley and Jeff Wood with CBRE Capital Markets in Denver represented the seller, the Estate of Carol L. Bethune from Denver. Endo of Cherry Creek Properties, LLC, also from Denver, purchased the property on Feb. 25.
“Nestled in the sought-after Bonnie Brae/Cory Merrill neighborhood, this one-level office building has been used as, and is zoned for, both retail and office,” said Ms. Wiley. “In-fill neighborhood sites are very popular with all types of buyers for the access they afford to employees, customers and amenities.”
Totaling 4,502 square feet, the building has been steadily leased with the same ownership for nearly 40 years. The property is currently divided between four office units, leased to various professional services tenants. The new owner, an endodontist group, plans to renovate a portion of the building for their own use.
Situated on a 12,502-square-foot parcel of land, the property has 14 parking spaces and monument signage along South Clayton Street.
Photo courtesy of CBRE