Denver · Commercial sale
Office building at 1051 16th St in Denver sells for $27.95 million
An office building at 1051 16th St, Denver sold for $27,950,000 on August 10, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $27,950,000
- Sold
- August 10, 2026
- Property type
- Office building
- Building area
- 617,631 sq ft
- Price per sq ft
- $45
- Year built
- 1971
At $45 per square foot, an office building at 1051 16th St in Denver changed hands for $27,950,000 on August 10, 2026, according to the Denver Assessor's sales records. The Assessor's records show 617,631 square feet of building area, and the price per square foot comes from that size.
The sale price falls 69% below the market value on record, which stands at $89,270,700.
The record lists Regents of the University of Colorado as the buyer and Independence Plaza Investment Group INC as the seller.
The Assessor's records date the building to 1971 and put it on a 2.45-acre lot. An aerial photo of the property shows it sits at a street corner, with shops and offices around it.
What this sale costs to close
What does closing cost at this price? Under Denver County custom the seller's larger charges are $57,125 for the owner's title insurance policy and $350 for the settlement / closing fee. The seller's estimated net is $27,807,476 before brokerage commissions and any loan payoff. A cash buyer would need about $27,868,186 at closing.
Source: Denver Assessor, real property sales and transfers, document 2026094154. Property details: Denver County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
