Matt Ritter, Jeff Johnson, Bobby Hutchinson & Joe Hornstein are pleased to announce the following transaction: 900-926 West 10th Avenue, Denver, CO 80204
Posted on Fri, Jun 26, 2009
900 - 926 West 10th Avenue is a 21 unit Mixed-Use building located in Denver's Santa Fe Art District. The 17,786 square foot building is made of solid brick and was constructed in 1924. The unit mix was 14 - 1BR/1BA apartments, 2 - 2BR/1BA apartments, 4 - Retail Spaces, and 1 - Auto Body Shop. The property was in the foreclosure process and a quick sale was necessary. The property went under contact and was closed within 30 days with the help of a great local bank and an aggressive buyer. The buyer plans to increase rents and stabilize the property by leasing the retail units. Bobby Hutchinson & Joe Hornstein represented the Seller, William Umana and Matt Ritter and Jeff Johnson represented the Buyer, Barerose Santa Fe LLC, a Colorado limited liability company. This transaction closed on June 26, 2009 and the contract price was $950,000. For more information please contact Pinnacle Real Estate Advisors at 303.962.9555.