Property Location: 574 Santa Fe Drive, Denver
Property Description: 15,059-sf (rentable) two-story office building, YOC 1911, renovated in 2008 plus 2,520-sf basement area including private gym, showers, bathrooms, loading dock & private patio, with 31 parking spaces.
Land Size: 15,743 sf
Sales Price: $ 4.13M, or $ 273.92 psf
Reception No.: 2016156999
Closing Date: 11/30
Grantor: Lange Real Estate LLC, Nadine Lange, mgr.
Grantee: Zuni Capital Management LLC, Trevor R. Pettennude, mgr.
Financing: $ 2.07M SBA loan, payable to Wells Fargo Bank, NA, due 11-30-41; $ 1.61M payable to Wells Fargo Bank, NA, due 11-30-17
Comments: This property was listed by John Reynolds, 303-729-, & Kayla Hammers, 303-312-, of Cushman & Wakefield. The property was for sale or for lease at $ 21 per square foot triple net plus $ 5.38 psf operating expenses. This property is located on the southeast corner of Santa Fe Drive & W. Sixth Ave. See APN: 05091-02-039. Buyer’s company is Banctek Solutions, 303-623-3290 or www.banctek.com. Buyer will occupy part or all of the building.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.