Three historic buildings on Champa sold for $20M

A trio of buildings whose historic façades frame the 1700 block of Champa Street traded for $20 million last week.

The buildings, built between 1892 and 1929, include the longtime headquarters of Buerger Brothers, a barber and beauty shop supplier that was based in the neighborhood for 40 years. The structures have been converted to apartments with ground-floor retail.

The mixed-use buildings at 1726, 1732 and 1742 Champa St. sold last week for $19.8 million or $243 per square foot, Denver property records show.

The sellers were CS Champa and CS Champa II, headed by David Sommers Cohen. Cohen bought the northern parcel for $1.1 million in 1997 and the southern for $762,500 in 1999, according to property records. The buyer is Chicago-based Highlands REIT.

Jules Hochman, Justin Brockman and Mike Krebsbach of Pinnacle Real Estate Advisors represented both buyer and seller in the deal.

“Mike Krebsbach’s hard work and continued tenacity opened the door for him to work on this transaction after 2 years of courting the sellers,” stated Jamie Mitchell.

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