Asher H. Luzzatto Of The Luzzatto Company Acquires Denver Energy Center From Gemini Rosemont For $5.25M
1625 North Broadway & 1675 North Broadway
$5,250,000
$2/SF
Building Size
1,800,000 SF
Asset Type
Office
Closing
Sep 16, 2025
AI
The transaction involved the sale of an office asset located at 1625 & 1675 Broadway in Denver, CO. The property was sold for $5,250,000, comprising 900,000 square feet, which equates to a price per square foot of $6.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,250,000
- Buyer: Asher H. Luzzatto - The Luzzatto Company
- Seller: Gemini Rosemont
- Sale Date: 09/16/2025
- Market: Denver, CO
- Square Feet: 900,000
- Price Per Square Foot: $6
Asher Luzzatto of The Luzzatto Company acquired the Denver Energy Center at auction, planning to transform part of the towers into approximately 500 residential units while maintaining some office space. The previous valuation of the property was $176 million in 2013.
Players
Denver Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93