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Office building in LoDo sells for $2.4M in first transaction since 1986
Thomas Gounley photo)
A two-story office building on the edge of LoDo has sold for the first time in 35 years.
CBann Management LLC purchased 1420 Blake St. last week for $2.38 million, according to public records. FirstBank provided financing for the deal.
The purchasing entity lists an office address in Aspen. Douglas Brown signed loan paperwork on behalf of the buyer. He also owns the former bank building in the Golden Triangle that was once leased by Galvanize and is now home to Alto Pharmacy.
Broker Ross Ethridge of Sero Real Estate represented the buyer, who he said purchased the building as a long-term investment and will likely renovate it within the next five years.