Denver, CO August 17, 2020 – Ryan Bengford is pleased to announce the sale of 1178-1180 S Kalamath Street in Denver. The 7,893 sq. ft. retail-flex property was sold for $1,050,000. Ryan Bengford with SVN | Denver Commercial represented the Seller, GBC Enterprises LLC.
This property is leased to Colorado Harvest Company, a professional cannabis company with a strong footprint in the Denver and Aurora markets. The building is uniquely utilized as both a retail dispensary and a cultivation center.
“We received multiple offers, showing the demand for single tenant assets in the Denver Metro region,” said Ryan Bengford. “The Buyer was attracted to the single tenant property with the opportunity for a high yield from the cannabis tenant.” The transaction closed all cash in 30 days.