Business-Owned Property Sold as Vacant Investment to Local Family Office
Office
Details
$8,000,000
Price per ft
2
$
299
Client
Bside Capital / Colorado Lending Source
Year
2022
Address
1441 18th Street
Denver, Colorado 80202
In 2013, Bside Capital acquired the property as an owner-occupant, occupying the first floor and leasing the remainder to offset occupancy costs. In 2020, under new leadership, the decision was made to sell the property and re-locate to a leased facility.
The opportunity received over 500 inquiries, 103 executed agreements, 32 tours, and 7 offers.
This property, known locally as the Blake Building, is located at one of the most prominent and visible corners (18th & Blake) in LoDo, which remains one of the most dynamic and desirable submarkets in the entire Denver Metro area. At four stories, the Historic building contains 27,424 rentable square feet across efficient floorplates averaging approximately 5,500 SF. The building’s orientation on the corner, with windows on all three sides of the building, creates generous and balanced natural light throughout every suite, including the basement suite with its large light wells.
Thevin Campton of BLACKLINE was engaged as part of the team to handle the sale.
