SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, 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.
About SVN
SVN | Denver Commercial, one of Colorado’s top producing commercial real estate brokerage firms, with offices in Denver and Fort Collins. The firm assists real estate owners, investors, and occupiers throughout the state of Colorado and beyond by offering strategic advice and execution for property leasing and sales; property management; corporate services; investment management; research and investment strategy; and consulting. Most recently, the firm was recognized as SVN Firm of the Year in 2018 out of 200 offices globally and consistently ranks in the top 10 for production. For more information, visit www.svncolo.com.
The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues, and communities. Currently, SVN comprises over 1,600 advisors and staff working in more than 200 offices across the globe. For more information, visit www.svn.com.
Contact:
Ryan Bengford | 720.773.8712 | ryan.bengford@svn.com
