Denver – Nexus Commercial Realty, LLC, has closed the sale of 1833 Emerson St, an 18,850 Sq. Ft. development site with a partially completed apartment building planned for 85 units. The sale price of the land and improvements totals $8,200,000. Travis Hodge & Tony Bobay of Nexus represented the buyer, 063 Design & Development in the transaction.
The buyer plans to complete the partially finished project according to its original plans filed with the city. The property was the subject of a fire that occurred midway through construction in Spring 2018. However, the parking structure, podium, and other integral components remained structurally sound and intact. The property is located just a few minutes’ walk from the CBD, Saint Joseph Hospital, Colorado Convention Center, and several major commercial corridors such as 15th St Mall, Colfax Ave, Welton St, and 17th St.
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About Nexus Commercial Realty, LLC:
Nexus is a full-service firm for the commercial real estate industry in Denver. Specializing in high caliber solutions developed for owners and investors, we deliver specialized services such as acquisitions, dispositions, seller representation, buyer representation, and consultation regarding commercial properties. We provide high caliber services to owners and investors delivered with the focused attention only a privately-owned firm can offer. With over 25 years of combined experience, our Colorado roots are deep because our market experience in commercial real estate is firsthand. This positions us to help clients reach their business and financial goals while ensuring their best interests are always protected. As a team, we might not appear as your typical brokerage – and that’s by design. Even though we’ve been in the industry for more than two decades, we are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no internal competition because our purpose is aligned. This reduces internal competition and makes us more productive on a per broker/agent basis. We love coming to work every day because we love helping our clients achieve their goals. You might find us in jeans instead of slacks, outside meeting people instead of in our office. We do things differently because we are different.
For more information, please visit www.nexus-cr.com.
