Former art gallery building in RiNo sells for $3.2M to California investors

2.10D 3675 Wynkoop

The building at 3675 Wynkoop St. sold for $3.15 million. (Thomas Gounley photo)

A building in RiNo that was previously home to an art gallery has changed hands.

RiNo Wynkoop Investors LLC purchased the building at 3675 Wynkoop St. on Monday for $3.15 million, according to public records. NBKC Bank provided financing for the deal.

The building is 10,352 square feet across two floors, making the deal worth $304 a square foot. It sits on a 0.28-acre lot that also includes a 14-space parking lot.

The building was previously occupied by Helikon Gallery & Studios, which announced in September 2019 that it would close by the end of that year. The business, opened in 2013, rented studio space and allowed artists to showcase their work.

Helikon owner Cayce Goldberg’s grandfather built the structure in 1974, according to Westword. The gallery cited high property taxes as a primary reason for its shuttering.

David Nybo and Eva Salas Nybo are members of the LLC that purchased the property, according to loan documents associated with the sale. Pinnacle Real Estate Advisors broker Corey Sandberg, who represented the seller, described the buyers as California residents who purchased the property as an investment.

Sandberg said a tenant has leased the entire building from the new owner, although he declined to identify the tenant.

The property, zoned for eight stories, is across an alley from the new Rev360 office building, and next to the RiDE at RiNO apartment building originally developed by McWhinney.

2.10D 3675 Wynkoop

The building at 3675 Wynkoop St. sold for $3.15 million. (Thomas Gounley photo)

A building in RiNo that was previously home to an art gallery has changed hands.

RiNo Wynkoop Investors LLC purchased the building at 3675 Wynkoop St. on Monday for $3.15 million, according to public records. NBKC Bank provided financing for the deal.

The building is 10,352 square feet across two floors, making the deal worth $304 a square foot. It sits on a 0.28-acre lot that also includes a 14-space parking lot.

The building was previously occupied by Helikon Gallery & Studios, which announced in September 2019 that it would close by the end of that year. The business, opened in 2013, rented studio space and allowed artists to showcase their work.

Helikon owner Cayce Goldberg’s grandfather built the structure in 1974, according to Westword. The gallery cited high property taxes as a primary reason for its shuttering.

David Nybo and Eva Salas Nybo are members of the LLC that purchased the property, according to loan documents associated with the sale. Pinnacle Real Estate Advisors broker Corey Sandberg, who represented the seller, described the buyers as California residents who purchased the property as an investment.

Sandberg said a tenant has leased the entire building from the new owner, although he declined to identify the tenant.

The property, zoned for eight stories, is across an alley from the new Rev360 office building, and next to the RiDE at RiNO apartment building originally developed by McWhinney.

This story is for our paid subscribers only. Please become one of the thousands of BusinessDen members today!

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

 — 

 — 

 — 

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING [email protected].

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.

EACH MEMBERSHIP WILL ONLY FUNCTION ON UP TO 3 MACHINES. ACCOUNTS ABUSING THAT LIMIT WILL BE DISCONTINUED.

FOR ASSISTANCE WITH YOUR MEMBERSHIP PLEASE EMAIL [email protected]




Return to Homepage

POSTED IN Commercial Real Estate

Editor's Picks

Leave a Reply

Your email address will not be published. Required fields are marked *