NavPoint Real Estate Group Executes Sale of Melbourne International Hotel & Hostel
navpoint / October 23, 2014
Denver, CO – NavPoint Real Estate Group is pleased to announce the sale of Melbourne International Hotel & Hostel, at 607 22nd Street and 2209 Welton Street in Denver, for $1,500,000. This 10,756 SF two story building can be redeveloped allowing up to 12 stories for retail, office and residential uses, and has potential for on-site parking, or continue to be operated as retail and a youth Hostel. The seller was Schmitt Family Trust, and the buyer was Welton Corner, LLC, a Colorado limited liability company. Matt Kulbe of NavPoint Real Estate Group represented the buyer. This transaction successfully closed October 14, 2014.
NavPoint Real Estate Group is a comprehensive Commercial Real Estate Services and Investment Firm with office locations in Denver, Castle Rock and Colorado Springs, Colorado. The company provides a wide array of services including Exclusive Brokerage Representation, Property/Asset Management, Consulting, and Investment throughout Colorado and the Western US covering all Commercial Property types. NavPoint brings an acute local market understanding combined with national reach and access to credit tenants and buyers to every client assignment. The firm is currently involved in the exclusive brokerage, ownership, or management or over 1,000,000 SF of commercial real estate covering all property types.
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