Pair of retail properties on Tennyson Street yield $3.33 million

Property Location: 3936 Tennyson St., Denver, “former Landmark Theatre”

Property Description: 4,781-sf retail building, YOC 1923, brick

Land Size: 6,332 sf

Sales Price: $1.6M, or $334.66 psf

Reception No.: 2018049729

Closing Date: 4/27

Grantor: Chase Partners LLC, Robert Smith, mgr.

Grantee: 3936 Tennyson LLC, John J. Horvat, mgr.

Comments: Property was listed by Jamie Mitchell & Michael Krebsbach, and the buyer was represented by Jules Hochman, all of Pinnacle Real Estate Advisors LLC. This property was vacant at time of sale. Chase Partners purchased the property in January 2017 for $1.15M and realized an profit of 39.13%.

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