The 781-785 Vallejo St. building recently sold to an entity that appears to be connected to the Denver Broncos. (Matt Geiger/BusinessDen)
A deal in Denver’s Lincoln Park neighborhood last week suggests the Broncos may have moved into new territory.
On Wednesday, a 10,800-square-foot industrial/retail building on 0.4 acres at 781-785 N. Vallejo St. sold for $2.2 million to SNCC LLC, according to public records. It’s currently home to a gun store and a couple other storefronts that appear vacant.
The Broncos declined to comment on the deal. But details of the transaction match others the team has recently completed near Burnham Yard, the defunct state railyard where it’s planning to build a new stadium.
If the team is behind the purchase, it would appear to be the first time the Broncos have purchased land west of the BNSF heavy rail line that runs parallel to Interstate 25 before cutting through Lincoln Park adjacent to Denver Water’s property.
Among the details that match previous Broncos transactions are that the buyer paid cash. Additionally, the LLC was formed in late 2023, records show, as have the other nondescript entities the team has used to remain incognito.
A drone photo captures Burnham Yard, center, and warehouses that have recently been sold, left. (Guerilla Capturing)
And the attorney representing the buyer in the Vallejo Street deal — John W. O’Dorisio of Robinson Waters & O’Dorisio — represented the team in its purchase of 1221 Pecos St., within the area already publicly announced as part of the future stadium district.
The seller in the deal, 781-785 Vallejo Street LLC, was represented by Kaufman Hagan broker Zachary Bierman. He said he never interacted directly with the buyer, and spoke only to its attorneys.
“We’re under the impression [that it was the Broncos], but we can’t confirm that,” Bierman said.
One thing makes this deal different from others the Broncos have made: The buyer paid just a 10% premium over the last time the 1960s building sold, for $2 million in 2021. Other deals have seen steeper premiums.
Bierman said the smaller premium may have to do with the property being farther away from Burnham Yard, but reiterated that he doesn’t know the buyer and its intentions.
In November, the Broncos submitted plans to Denver showing a stadium and additional development between the BNSF tracks and tracks used by the Regional Transportation District on the east end of Burnham Yard, bounded generally by Sixth and 13th avenues.
The deal west of the BNSF tracks indicates the team’s ambitions may be broader than previously indicated. The transaction works out to $126 a square foot for the land.
MAP: In this interactive map, the large property in blue is Burnham Yard, a state-owned former railyard in central Denver. The large property in purple is owned by Denver Water. Properties in yellow were purchased by the Denver Broncos. The property in black is 781-785 Vallejo St. Boundaries are approximate.
