Pinetree Office Condos in Boulder sell for $1.85M

Pinetree Office Condos in Boulder sell for $1.85M

Pinetree Office Condos in Boulder sell for $1.85M

BizWest Article

by Doug Storum on November 29, 2016

BOULDER — A pair of real estate investors has acquired a century-old building on Pine Street in Boulder that has been serving as private offices.

Ariel Solomon and Melanie Nygren, using the entity 1240-1244 Pine Street LLC, acquired the 4,200-square-foot Pinetree Office Condos building at 1240-1244 Pine St. for $1,845,000 from 1240 Pine St. LLC, registered to Eric Sorenson, according to Secretary of State records.

The building has changed ownership several times since 1987 when it sold for $180,000. It sold for $195,000 in 1991, $1 million in 1999, and $1,663,500 in 2014 when it was purchased by the current seller.

Constructed in 1900, the building is divided into 12 private offices. It currently is leased to approximately 10 different tenants, and the new owners plan to keep the building as it is.

Eric Rutherford and Tom Hill of WK Real Estate represented the buyers, and Scott Crabtree of The Colorado Group represented the seller.

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