Kentro flips Broadway building for $4.8M

The building at 141-145 N. Broadway is home to a liquor store and restaurant Postino. (Thomas Gounley photo)

Kentro Group has unloaded a two-unit retail building along Broadway south of downtown, three years after buying it.

The Denver-based real estate firm last month sold the 141-145 N. Broadway building — home to a liquor store and restaurant Postino — for $4.78 million, according to public records.

The building is 4,780 square feet, which makes the deal worth $1,000 a square foot. That’s a record for a multi-tenant retail building along the Front Range, according to brokers Justin Brockman and Chris Student of the Brockman Group, who represented the seller.

The building sits on a 0.31-acre lot, records show.

The buyer was Waihee Sweetwater Farm LLC, which lists a P.O. box in New York as its office address.

Kentro purchased the building in September 2018 for $3.41 million from the owners of gay bar Compound Basix, which had previously operated in the unit now occupied by Postino. Kentro secured the new tenant; Postino opened in October 2019.

Kentro was on the other side of the deal in a recent sale along Colorado Boulevard. The firm paid $13.1 million last month for the Square One retail center at the corner of Colorado and Mississippi Avenue in Glendale.

The building at 141-145 N. Broadway is home to a liquor…

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