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Wednesday, August 4, 2021

Square Theater Marketing Brokers in Denver will get it for 2.1M

Two brokers from a Denver commercial real estate firm bought the Esquire Theater building along 6th Avenue after renting it out for sale.

According to public records, Tim Finhallham and Sam Laser of Unique Properties bought the theater at 590 n Downing St. for 2. 2.1 million.

“After walking countless people inside the building and showing the property many times, we decided it was a great asset to buy,” Finholm said.

The theater was built in 1927 with the help of one screen as the Hiawatha Theater. It now has two screens and was recently renovated in 2019. Land Landmark Theater Chain has leased Escar since 1980.

The records show that the 9,175-square-foot building on 0.09-acre land was sold by Esquire LLC, for which $ 850,000 was paid in 2015, records show.

Finholm said the previous owner decided to sell because the landmark had not paid rent since April 2020, when the epidemic forced businesses like movie theaters to close. The theater reopened in May of this year, according to the Denver Post.

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