A 6,000-square-foot warehouse in Denver’s RiNo that sits next to one of the neighborhood’s new office buildings has sold.
The nearly 90-year-old building at 3440 Walnut St. on a 6,250-square-foot lot sold late last month for just under $1.9 million, according to public records.
That works out to $311 a square foot based on the building, or $298 based on the land.
The buyer, Mountain Peak Holdings LLC, was formed by Richard Anderson. He could not be reached for comment.
The property was sold by 3440 Walnut Property LLC, which bought it in 2016 for $885,000. Vincent DiPietro, who signed paperwork on behalf of the entity, did not respond to a request for comment.
The last time the warehouse sold, it was flanked by another warehouse and an old brick building, with a stone and slab showroom across the street.
Now, the eight-story Paradigm office building sits where the warehouse did. The old brick building is still there, but is now owned by prominent restaurateur Francois Safieddine. The concrete lot with slabs of quartz and granite? It’s now a 13-story apartment complex.
The 3440 Walnut building is vacant. It was most recently home to Frisian Motors, which fashioned itself as a “used-car dealership in an art gallery.”
“The building was a cool, open warehouse type space in RiNo that lent itself to both an industrial and a retail type of use,” said Paul Cattin, broker with Platinum CRE.
Cattin did not broker the sale of the property last month, but did represent the now-previous owner when it leased to Frisian Motors in June 2024 on a year-to-year basis. The broker said he was also listing it for sale back then, too, for around $2 million.
“We had a lot of activity as far as people asking what’s the story,” he said. “We did not have a lot of activity necessarily when it came to offers, per se. So I felt like there’s a lot of people still watching the neighborhood but it was quiet from a, call it, a true productive standpoint.”
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