Denver, CO June 24, 2024 SVN | Denver Commercial is pleased to announce the sale of 608 – 610 S. Broadway in Denver, CO. The 3,816 sq. ft. retail property was sold for $1,100,000.00.
Elizabeth M. Leder, Esq. and Peter O’Bryan with SVN | Denver Commercial represented the seller, Mountain Operations Management Trust. The buyer, Broadway 24, LLC, was represented by Mike Statter with Cresa and Jay Johnson with VanWest Real Estate Group.
The property, strategically situated close to the New Broadway Park Mixed-Use Redevelopment, promises an exciting future as the buyer plans to redevelop the property into its headquarters featuring a state-of-the-art kitchen showroom. This redevelopment aligns with the growing trend and demand in the area, enhancing the vibrancy and commercial appeal of S. Broadway.
The seller subleased a space across the street that better suits its evolving business needs. This transaction demonstrates the dynamic nature of the commercial real estate market and the ability of SVN Denver Commercial to facilitate beneficial outcomes for all parties involved.