The subject property represents a unique opportunity to ... · Downtown city block for sale. 650...

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W COLFAX AVE BROADWAY SPEER BLVD CONVENTION CENTER CIVIC CENTER PARK STATE CAPITOL AURARIA CAMPUS PEPSI CENTER UNION STATION COORS FIELD Additional information may be obtained from the Seller’s Exclusive Representative: Mitchell H. Zatz, SIOR Senior Vice President +1 303 217 7972 [email protected] John “Packet” Lowrey, Jr. Managing Director +1 303 217 7940 [email protected] ©2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof. Downtown city block for sale 650 West Colfax Avenue, Denver, Colorado The subject property represents a unique opportunity to acquire a contiguous, 2.77 acre site in the heart of Denver. The property is located in the prestigious Golden Triangle neighborhood adjacent to Denver’s new judicial complex with Colfax Avenue frontage. Five buildings containing 68,594 square feet of space provide interim use to the investor or user. Golden Triangle Neighborhood

Transcript of The subject property represents a unique opportunity to ... · Downtown city block for sale. 650...

Page 1: The subject property represents a unique opportunity to ... · Downtown city block for sale. 650 West Colfax Avenue, Denver, Colorado. The subject property represents a unique opportunity

W COLFAX AVE

BR

OA

DW

AY

SPEER B

LVD

CONVENTIONCENTER

CIVIC CENTER

PARK

STATECAPITOL

AURARIACAMPUS

PEPSICENTER

UNIONSTATION

COORSFIELD

Additional information may be obtained from the Seller’s Exclusive Representative:

Mitchell H. Zatz, SIORSenior Vice President+1 303 217 [email protected]

John “Packet” Lowrey, Jr.Managing Director+1 303 217 [email protected]

©2017 Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

Downtown city block for sale650 West Colfax Avenue, Denver, Colorado

The subject property represents a unique opportunity to acquire a contiguous, 2.77 acre site in the heart of Denver. The property is located in the prestigious Golden Triangle neighborhood adjacent to Denver’s new judicial complex with Colfax Avenue frontage. Five buildings containing 68,594 square feet of space provide interim use to the investor or user.

Golden Triangle Neighborhood

Page 2: The subject property represents a unique opportunity to ... · Downtown city block for sale. 650 West Colfax Avenue, Denver, Colorado. The subject property represents a unique opportunity

JLL has been retained as exclusive advisor and agent by the ownership to market and sell 68,594 square feet in 5 buildings located on 2.77 acres of land on behalf of Rocky Mountain Orthodontics in Denver, Colorado.

General Property Information

The subject property is an assemblage of land parcels containing five structures and parking lot areas. These parcels total approximately 2.77 acres. There are 3 industrial light manufacturing single story buildings of 13,698 square feet, 16,800 square feet, and 15,120 square feet, which were constructed from the early 1950’s to the late 1960’s. There is a four-story office building of 22,050 square foot built in 1975. Additional improvements include a 926 square foot garage. The balance of the assemblage consists of landscaped and paved parking areas.

ZoningThe subject property is zoned D-GT but the design review criteria is based upon B-8-G, which allows for mixed use with a strong residential component. Its height restriction is governed by the state capitol view plane and the basic density allowed, four times the lot area, maybe increased up to six times if certain uses are included. The purpose of the B-8-G zoning was to enable the area to become a mixed use, neighborhood with a strong residential component and to encourage pedestrian friendly design. The comprehensive neighborhood plan encourages high density office / residential, medium density mixed use, and retail developments.

Location / Ownership

Location• Golden Triangle Neighborhood; the heart of Denver • Strategically located to a multitude of jobs, cultural and civic institutions • Surrounding area encompasses Civic Center Park, the Colorado State Capitol, the

Denver Art Museum, the Denver Central Public Library, the Colorado Historical Society and several state and local government offices

• Just south of the downtown core and Central Business District, north of the Baker Neighborhood, west of Capitol Hill and Cheesman Park residential areas and east of Lincoln Park Neighborhood

• Bounded by the major arteries of Lincoln-Broadway, Colfax Avenue and Speer Boulevard making it the center of a critically large traffic area

WEST COLFAX AVENUE

GA

LAPA

GO

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ET

FOX

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W 14TH AVE

SPEER BLVD

Total buildings: 68,594 SF Total land: 120,631 SF or 2.77 acres

Address: 650 West Colfax Avenue, Denver, Colorado

Location: One block radius surrounded by the following streets: West Colfax Avenue, Galapago Street, West 14th Avenue and Fox Street

Ownership: Rocky Mountain Orthodontics

Site 127,001 SF

Site 346,815 SF

Site 246,815 SF