Boulder, CO April 15, 2021 – SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, is pleased to announce the sale of 1011 Walnut Street, Suites 200, 300, and 400 in Boulder. The 20,554 sq. ft. property was sold for $ 11,000,000.
Paul DiBona with SVN | Denver Commercial represented the Seller, 1007 Walnut Street, LLC. Becky Callan Gamble with Dean Callan & Company represented the Buyer.
“Jakobson Properties, LLC, a family-owned Real Estate Investment firm out of NYC adds to their growing Colorado portfolio with this property,” said Paul DiBona. “The desirable Downtown Boulder location, the quality tenant mix, along with the meticulous level of detail and property management poured into the property over the years by the original ownership group; all of these attributes made 1011 Walnut a highly attractive, long term investment for the Jakobson Family.”
The 2nd, 3rd, and 4th floors of this fully leased office condo building sold for $535 per sq ft. with a 5.8% cap rate. Unit 100, better known as the home of the long-standing Boulder eatery, Brasserie Ten Ten was not sold in the transaction. Plans are underway to hopefully reopen the highly popular restaurant in 2021.
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:
Paul DiBona | 720.477.3969 | Paul.dibona@svn.com
