In other words, the property sold for more than 300% above the total assessed valuation of the property for tax purposes.
The sellers, the Sheridan Family Partnership, were represented by Scott L. Shwayder and Marc S. Lippitt of Denver-based Unique Properties LLC.Jeff Johnson and Matt Ritter, also of Unique Properties, represented Schwartz.
The three-story walk up building is just off Sheridan and Evans in west Denver, according to Unique Properties. And the property was 95% occupied at the time of the sale, bucking the trend of an average vacancy rate about twice that high.
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