DENVER-San Diego-based Pathfinder Partners, LLC has purchased King Lofts–a newly constructed, three-story, 18-unit condominium building above 2,700 square feet of ground-floor retail space, in Denver's West Highland neighborhood. Pathfinder partnered with Denver-based The Craft Companies, LLC on the acquisition. The deal marks the company's tenth Colorado acquisition,
King Lofts was developed in 2008 as a condominium project and underwent a foreclosure sale in 2012 before any units were sold. Pathfinder purchased the project, which is now 100% leased from the successor owner for $4.25 million.
Consisting of six one-bedroom, ten two-bedroom and two loft units ranging from 863 to 1,330 square feet, the property also contains a secure, ground level parking garage. The ground floor retail space is fully leased to two tenants – a salon and a Pilates studio. The complex is located at 3451 West 38th Avenue.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
