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.

1520 S.Albion

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.

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.

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