
The George
The George | 98,577 SF Denver Office | REO Sale
Marketing description
Kenai Capital Advisors (“Kenai”), acting as exclusive advisor to the Seller, is pleased to present the opportunity to acquire 820 16th Street (“The George”), a distinguished 98,577 square-foot, 8-story historic office building situated on 0.29 acres in the heart of Denver’s iconic 16th Street at the gateway to the resurgent LoDo neighborhood.
Originally constructed in 1906, and known by its older moniker the Symes Building, The George preserves its celebrated historic exterior façade while delivering the benefits of a complete vacancy giving future ownership unparalleled flexibility to re-tenant, reposition, or creatively redevelop the asset.
The George is prominently situated along 16th Street, Denver’s premier pedestrian corridor, which just concluded a $177.4 million reconstruction and rebranding while the Denver Downtown Development Authority (DDDA) has committed to an additional $570 million to fund the economic recovery of Downtown Denver. The superior location offers unrivaled connectivity to Downtown Denver’s labor pool, public transportation network, and vibrant retail, dining, and cultural amenities. With complete vacancy providing a true blank canvas, the property offers repositioning optionality at a compelling basis. For investors seeking a historically significant, well-located asset with the runway to execute a creative office or adaptive reuse strategy in one of Denver’s most dynamic and high-foot-traffic urban corridors, 820 16th Street represents an exceptional and rare opportunity.
Investment highlights
- Lender-Facilitated REO Sale
- Turnkey Office Floors with Multi-Tenant Potential
- Approved Site Development Plan Valid Through 2030
- Flexible Investment Strategy Enabled by Complete Vacancy
- Unrivaled Location on Denver's Iconic 16th Street
- Comprehensively Renovated Historic Asset
- Competitive Municipally-Provided Financing and Historic Tax Credits Available
- Track Record of Property Tax Relief Creates Runway for Further Savings
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