621 & 633 17th St 2024_Property for Sale
621 & 633 17th St 2024_Property for Sale
621 17th Street, Denver, CO, 80293, US

621 & 633 17th St 2024

Asset Description

621 & 633 17th Street (the “Property”) is a dynamic project offering maximum optionality to investors. The total Property includes two office buildings totaling 973,000 square feet, one of which is an ideal candidate for a multifamily or hotel conversion. Additionally, the project includes a structured 391 stall parking garage. The Property’s front door at the prominent 17th & California intersection features a transformative Plaza renovation that creates a highly differentiated and welcoming first impression. Additional capital improvements have been executed at 633 17th Street, which primes this building to capitalize on the increasing leasing velocity in Denver’s CBD. At 621 17th Street, a programmatic de-leasing plan has nearly emptied the entire building, making the asset an ideal target for residential or hospitality conversion or redevelopment. The historically low acquisition basis and high levels of optionality with the business plan allow the Investor maximum flexibility, in a highly centralized location in Denver’s CBD.

...

Attributes

Building area gross
973,000 sf
Year built
1957
Land area gross
1.96 acres

Media

Investment Highlights

  • Unprecedented Basis Opportunity 
  • Ideal Candidate for Residential Conversion - 80%+ efficiency 
  • Prime Downtown City Block with Existing Parking Garage on Light Rail Stop 
  • Extensive Capital Invested on Existing Assets and Plaza
  • Well Positioned to Capture Public Incentive Dollars 
  • Opportunities for Seller Financing & Future Partnership 
621 & 633 17th St 2024 4_Property for Sale
621 & 633 17th St 2024 4_Property for Sale

Contact brokers

621 & 633 17th St 2024 (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
18 Nov 2024