Cheesman Park apartment building sells for first time in 42 years at $30M
DENVER — An apartment building along the eastern edge of Cheesman Park has sold for the first time in 42 years.
1177 Race Street LLC paid $30 million last week for the The Park Cheesman Apartments at 1177 Race St., according to public records.
The 12-story property has 88 units, making the deal worth $340,909 a unit. It was 98 percent occupied at the time of sale.
The complex was built in 1970, according to property records.