1600 Sherman St - Office FOR SALE


Denver, CO 80203
$5,700,000 USD
720-979-9185
1600 Sherman St, Denver, CO for Sale
$5,700,000 USD
Office - FOR SALE
1/13
null | Request Cap Rate

1600 Sherman St
Denver, CO 80203


HIGHLIGHTS

  • 36 Designated Parking Spaces
  • 2-Story Grand Entrance
  • Great Entertaining Space

OVERVIEW

The Kramer Group of Marcus & Millichap is pleased to present 1600 Sherman. Built in 1924, 1600 Sherman is unmatched in its elegance, and is irreplaceable in the market. Listed at $5,700,000 or $249 Square Foot, well below replacement value. Ideal for a distinguished company seeking to separate themselves from the competition. The two-story marble building has decorative trim and metal work on the windows, with a low cement wall surrounding the building. This is a unique and unparalleled opportunity to acquire and own a one of-a-kind office building located at 16th and Sherman Street. • Beautiful and Creative Space • Great Location Near Capital Building • Historic Looks and Feel • 20 Private Offices, Multiple Conference Rooms, Training Room • Co-Working Space • Ideal Space for Events • 36 Designated Parking Spaces A 1994-95 project restored much of the interior to its original appearance. At the rear, and not included in this sale, a two-story connector wing leads to the 1963 New Formalism, thirteen story Capitol Life Tower Addition by Modernist architect Edwin A. Francis. The 1924 Capitol Life Insurance Building is an outstanding example of the work of Denver architect Harry James Manning. This Classical Revival building, of yule marble with terra cotta trim, exhibits Manning’s skill in the use of architectural detailing.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Colorado Trust Bldg

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

C-MX-12

APN/PARCEL ID

2349-37-002

ASK ABOUT THIS PROPERTY

Chadd NelsonMarcus & MillichapMore Info
720-979-9185

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Chadd NelsonMarcus & MillichapMore Info
720-979-9185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.