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1625 North Broadway

Asher H. Luzzatto Of The Luzzatto Company Acquires Denver Energy Center From Gemini Rosemont For $5.25M
SOLDOffice

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

Asher H. Luzzatto

The Luzzatto Company

Buyer

$58M

vol

3 deals

Buyer
The Luzzatto Company
The Luzzatto CompanyBuyer

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