Overview

Description

Henry Group Real Estate is pleased to present the property located at 3616-3622 Tejon Street, Denver, CO 80211 for sale. The property, known as Barrel Lofts features thirty (32) luxury boutique apartments in LoHi, Denver’s Lower Highland Neighborhood. The property is just minutes from Downtown Denver and within walking distance of the hottest restaurants, night life, shopping, parks, and transportation hubs. Residential unit offerings include studios, one-bedroom and two-bedroom apartments, with all of of the third floor apartments featuring lofts. The building features an underground parking garage, secure access, and incredible views of the mountains and Downtown Denver. On the first floor the building features two retail spaces including Spirit Hound tap room, a distillery based out of Lyons, CO and Wilde, a brand new full-service brunch restaurant.

The LoHi neighborhood is the epitome of Denver's urban lifestyle, offering an array of trendy restaurants, boutique shops, and lively entertainment options. Just steps from your door, you'll discover the bustling Tejon Street with its vibrant energy and an eclectic mix of local hotspots, ensuring you'll never run out of things to explore. Barrel Lofts boasts easy access to public transportation including bus and bike lanes our your front door and is located less than a 5 min drive to access major highways I-25 and I-70, simplifying your daily commute and allowing you to seamlessly connect with all Denver has to offer.

Highlights

• Highly Sought After LoHi Location - Located in the heart of Denver's LoHi submarket, the property is just minutes from Downtown Denver and within walking distance of the hottest restaurants, night life, shopping, parks, and transportation hubs.
• Urban Dwellers Paradise with 90+ Walk Score & 95+ Bike Score - Daily errands from the property do not require a vehicle and can be accomplished by foot or bike. The area includes a variety of desirable amenities including LoHi Athletic Club, numerous coffee shops, delis, Leevers Locavore Grocery and many popular dining spots, bars, shops and restaurants.
• Modern Construction Building - Building was constructed in 2018 with stainless steel appliance packages, breakfast bars and in-unit washer/dryers. The property features an underground parking garage, ButterflyMX secure access, elevator, and incredible views of the mountains and Downtown Denver.
• Unique Loft-Style Units - Units boast modern finishes with plenty of light and outdoor balconies. All third floor units feature lofts that are not included in the building square footage, offering Tenants abundant flex space for at-home offices or guest bedrooms.
• New 5-year Leases with Both Retail Tenants signed in 2023 - The property is home to two (2) retail tenants, Spirit Hound Distillery & Wilde. Both tenants have recently signed five (5) year leases with options to extend.
• Assumable Debt with Considerable Term Remaining- The asset benefits from an assumable agency loan originated on April 1st, 2019 and maturing on March 1st, 2029. The loan began amortizing in April of 2023 and will have an assumable balance of $7,776,995 as of January 1, 2024. See more assumption details on page 4 of OM. Contact broker for additional information regarding process, timeline and costs associated with assuming Seller’s existing loan.

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