This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
630 E 16th Ave
Denver, CO 80203
The Essex · Hospitality Property For Sale
·
16,465 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1907/2018 |
| Building Class | B | Parking Ratio | 0.67/1,000 SF |
| Lot Size | 0.14 AC | Corridor | Interior |
| Building Size | 16,465 SF | ||
| Zoning | R4 - G-RO-3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 16,465 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1907/2018 |
| Parking Ratio | 0.67/1,000 SF |
| Corridor | Interior |
| Zoning | R4 - G-RO-3 |
AMENITIES
- Public Access Wifi
- Fully-Equipped Kitchen
ABOUT 630 E 16TH AVE , DENVER, CO 80203
The Essex offers investors with the rare opportunity to own a twenty unit, turn-key boutique hospitality property in the core of Denver. Anchored by a master lease through Sonder,an operator of a rentals marketplace for travelers, this trophy asset provides above market returns. The newly renovated building boasts the perfect mix of old world charm and modern amenities. Since November of 2018 the property was granted historical landmark status by the City of Denver just after undergoing an extensive renovation. The scope of the renovation included new MEP systems, completely gutted and remodeled units, new mini-split heating and cooling units and a new roof. The lessee, Sonder USA Incorporated, signed a three year modified gross lease agreement on the building and are responsible for all expenses sans insurance and taxes. The lease features two tenant five-year options available after the initial lease term has expired and annual rent increases of 2.5%.
PROPERTY TAXES
| Parcel Number | 2349-24-020 | Improvements Assessment | $399,920 |
| Land Assessment | $38,190 | Total Assessment | $438,110 |
PROPERTY TAXES
