Calibrate Real Estate announces that Kyle Malnati and Greg Johnson have successfully brokered the sale of a single-tenant NNN property located in Denver, Colorado. 1614 Lafayette Street is a 4,250 SF medical office building leased by Triad Isotopes. Calibrate Real Estate was the exclusive listing agent and sold the property off-market.
With the help of Calibrate Real Estate, our client was able to sell this property to an investment company looking to redevelop this block of Uptown Denver. The Seller will be using the funds of the sale to complete a 1031 exchange by reinvesting into another property.
See below for more details on this sale;
Address: 1614 Lafayette Street
Sale Date: March 15, 2018
Sale Price: $2,050,000
# of Units: 1 – Single Tenant Lease
Building Size: 4,250* SF
Lot Size: 10,108* SF
Year Built: 1985
*Buyer to verify accuracy of square footage. Square footage data was obtained from Denver County Assessor’s website.*