Golden, CO (October 23, 2017 ) —Phillip A. Yeddis, Executive Vice President of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, announces the sale of Golden Center, located at 1111 Washington Avenue in Golden, Colorado.
The 16,594 SF, three-story building which includes a full basement is in the heart of Downtown Golden next to the “Welcome to Golden” sign, with excellent visibility on Washington Avenue. It is central to great restaurants, retail, breweries, and historic attractions. It was originally built in 1983 and has been meticulously cared for and features updated common areas and restrooms, a new roof, elevator, and is fully sprinklered. The property also has abundant free covered parking directly behind the building. The brick and masonry arched exterior has poured concrete floors. The lot size is 7,000 SF and is zoned C-3.
The Class A building sold for $2,345,000. The building was 100% leased at the time of closing with 14 tenants all at below-market rental rates.
According to Yeddis, the property’s many improvements and fully leased status, along with the high barrier of entry, caused a tremendous amount of activity, as it is rare to have a property along Washington Avenue in Downtown Golden become available.
The buyer was 1111 Washington Avenue, LLC. The seller was Golden Center, LLC. Yeddis represented the seller in the transaction.