The vacant office building at 3250 E. 2nd Ave. sold for $3.8 million. (Thomas Gounley)
A vacant Cherry Creek office building has sold for $3.8 million.
DZMK 2nd and Adams LLC purchased the two-story structure at 3250 E. 2nd Ave. in Denver this week, according to county records.
According to a LoopNet listing, the 7,755-square-foot building, which also has a finished basement, was constructed in 2002 for the seller, Adams & Second LLC. Records show the entity purchased the 0.14-acre property in 2000 for $325,000.
The office building previously was used by accounting firm The Seff Group, which was acquired by Cleveland-based CBIZ in 2016.
Brokers Monica Wiley and Jeff Wood of CBRE represented the seller. Wiley said the deal works out to $667 a square foot for the building (excluding square footage devoted to the finished basement) or $608 a square foot for the 0.14-acre lot.
Roche Fore of Buell & Co. represented the buyer. He said the LLC that purchased the property is made up of Blair Richardson, CEO of Denver-based Bow River Capital, as well as his four children; DZMK refers to the first letter of each of their names.
Richardson’s Bow River Capital partnered with Denver-based BMC Investments on the development of the Financial House office building in Cherry Creek, and plans to move its office to the structure’s top two floors.
The vacant office building at 3250 E. 2nd Ave. sold for $3.8 million. (Thomas Gounley)
A vacant Cherry Creek office building has sold for $3.8 million.
DZMK 2nd and Adams LLC purchased the two-story structure at 3250 E. 2nd Ave. in Denver this week, according to county records.
According to a LoopNet listing, the 7,755-square-foot building, which also has a finished basement, was constructed in 2002 for the seller, Adams & Second LLC. Records show the entity purchased the 0.14-acre property in 2000 for $325,000.
The office building previously was used by accounting firm The Seff Group, which was acquired by Cleveland-based CBIZ in 2016.
Brokers Monica Wiley and Jeff Wood of CBRE represented the seller. Wiley said the deal works out to $667 a square foot for the building (excluding square footage devoted to the finished basement) or $608 a square foot for the 0.14-acre lot.
Roche Fore of Buell & Co. represented the buyer. He said the LLC that purchased the property is made up of Blair Richardson, CEO of Denver-based Bow River Capital, as well as his four children; DZMK refers to the first letter of each of their names.
Richardson’s Bow River Capital partnered with Denver-based BMC Investments on the development of the Financial House office building in Cherry Creek, and plans to move its office to the structure’s top two floors.
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