Source: Colorado Real Estate Journal, August 17, 2022: DENVER – Buyer 9025 E. Kenyon Avenue LLC acquired the fully occupied office building at 9025 E. Kenyon Ave. in Denver. According to public records, the buyer purchased the property from seller After 7108 LLC for $1.6 million. David Gagliano of Fuller Real Estate represented the buyer in the off-market transaction, while Eric Gold of Sheldon-Gold Realty Inc. represented the seller. Built in the 1970’s, the three-story building is home to tenants David Weekley Homes, LDK Logistics, Sheldon-Gold Realty Inc. and an undisclosed surveying company. According to Gagliano, the buyer was attracted to the property because of its full occupancy. The investment also provided a 7% cap rate at closing, a favorable rate considering the market, he added. The buyer has no immediate plans for changes at the property but will invest in improvements as needed over time, Gagliano said.
E. Kenyon Ave. Office Building Sells.
