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

Property Image
SOLD
$5,250,000

Colorado

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Office1,800,000 SF
Sold 09/16/2025
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Property Image
SOLD

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

1625 North Broadway & 1675 North Broadway

See Similar Deals
Office1,800,000 SF
Sold 09/16/2025
the dealplayerscompscontact
Contact now

Summary

COLORADO
Asset Type:Office
Price Per Square Foot:$2
Total Square Footage:1,800,000 SF
Transaction Type:Sale

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

AL
The Luzzatto Company
Asher H. Luzzatto
3 deals$58M volume
BUYER
The Luzzatto Company
The Luzzatto Company
BUYER
GR
Gemini Rosemont
SELLER

Details

SOLD
IMAGE: 09/16/2025 ADDRESS: 1625 & 1675 Broadway MARKET: Denver, CO ASSET TYPE: Office BUYER: Asher H. Luzzatto - The Luzzatto Company SELLER: Gemini Rosemont SALE PRICE: $5,250,000 SF: 900,000 ~ PPSF: $6 NOTE: Asher Luzzatto of The Luzzatto Co. bought the Denver Energy Center at auction for $5.25 million, down from $176 million in 2013, aiming to convert part of the 1625 and 1675 Broadway towers into roughly 500 residential units while retaining some office space.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14