Denver, CO – June 15, 2020 – AQYRE Real Estate Advisors is proud to announce the sale of Monroe Professional Building for $3,825,000. Located on the SWC of 12th Avenue and Monroe Street in Denver’s highly desirable Congress Park neighborhood, Monroe Professional Building is within walking distance of a host of restaurants, shops, and two regional hospitals (National Jewish Health and Rose Medical Center).
"The seller was looking for an opportunity to move their equity into a more passive investment and was able to achieve a price with a nice profit to justify the sale. The buyer was in a 1031 exchange and saw a value-add opportunity with the management of this space."
"Although office has been unpredictable during this time in Covid, due to the location of this property and the smaller office spaces, this property continued to perform well. The property sold at 95% occupancy with a list of applicants wanting to rent the last couple units." - Kevin Calame, AQYRE Principal.