January 6, 2023
Announcing the Sale of 1652 N. Franklin St in Denver, CO
Denver, CO – January 10, 2023 – Madison Commercial Properties is pleased to announce the sale of 1652 N. Franklin Street in Denver. The 4,731 square foot office building located in the Capitol Hill neighborhood, sold on January 6, 2023 for $1,700,000 or $359/SF in an off-market transaction.
Doug Gates, Commercial Real Estate Advisor with Madison Commercial Properties represented the buyer, Scott Parker with Nest Architectural Design, Inc. in the transaction. The seller, Sky Blue Builders, LLC was unrepresented.
“Scott owns a very successful, local architecture firm that’s been in Denver for over 20 years. They have always leased space but recently decided it was time to purchase their first commercial property. I started working with Scott and his team in April of 2022 and was able to get the current owner of Franklin open to a sale in October of 2022. I’m very pleased we were able to source an off-market opportunity that met their current needs and gives them room to grow into the future,” stated Doug Gates, Commercial Real Estate Advisor with Madison Commercial Properties.