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11/09/22
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Corsican Apartments, an 82-unit high-rise multifamily community in Denver’s Cheesman Park neighborhood, sold for $31 mil ($378k/unit). Built in 1968, the property is located at 1330 Gaylord St.
Corsican has one- and two-bedroom floorplans with an average unit size of 820 sf. The building stands 11 stories and has underground parking. The community also has an indoor heated pool, steam room and dry sauna, fitness center, yoga studio and resident lounge/game room.
The property is situated a few blocks from Cheesman Park and the Denver Botanic Gardens and two miles from downtown Denver. Numerous restaurants, bars and other amenities are also within walking distance.
Justin Hunt, Andy Hellman, Erik Toll, Chris Hart and Jessica Graham of CBRE represented the seller, the property’s long-time ownership group.
“Corsican offered a rare opportunity to acquire an iconic Cheesman Park tower that had never previously traded. This community provides some of the best views in Denver, a robust amenity package, and has some of the greatest parking in the neighborhood,” said Hunt.
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