14-Story High-Rise in West Denver sells for $34,000,000

1750 S Federal Blvd, Denver, CO 80219

Denver, CO – April 8, 2024 – “Columbine Towers”, located at 1750 S Federal Blvd, Denver, CO 80219, consists of 170 homes over 14 floors and serves the senior living community as well as those with disabilities. The sale price was $34,000,000, averaging at $200,000 per unit and $340 per square foot.

Kaufman Hagan Principal + Senior Advisor Brandon Kaufman played a pivotal role in bringing both the Buyer and Seller together, facilitating the successful conclusion of this transaction.

“This was a fascinating experience witnessing all the moving pieces come together and culminate in a successful transfer of ownership. We were under contract for nearly a year, with both parties investing a tremendous amount of effort to see its completion through. The Buyer and Seller cooperated very well with each other’s needs, navigating through numerous challenges with mutual understanding.

The Buyer is investing over $9,000,000 for it’s RAD 2 conversion to rehab this property by significantly updating it cosmetically, making it more accessible, and energy efficient. The Buyer secured funding from various sources, including the City and County of Denver, Department of Housing Stability, Colorado Department of Local Affairs, Impact Development Fund, and Freddie Mac.” 

Brandon Kaufman, Principal + Senior Advisor, Kaufman Hagan Commercial Real Estate

For more information regarding this sale, or to discuss similar transactions, please reach out to Brandon Kaufman at 303-547-7357 and bkaufman@khcommercial.com.


SALE HIGHLIGHTS

  • Property Type: Multifamily
  • Closed Date: April 8, 2024
  • Property: 1750 S Federal Blvd, Denver, CO 80219
  • Sale Price: $34,000,000
  • Total Units: 170
  • Price / Unit: $200,000
  • GBA: 100,071 SF
  • Price / SF: $340
  • Lot Size: 1.32 Acres

SOLD BY

Brandon Kaufman
Principal + Senior Advisor
303-547-7357 | bkaufman@khcommercial.com


LOCATION


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