PRESS RELEASE: GSA Sells Portion of Former Denver VA Medical Center
September 27, 2022
For Immediate Release
September 26, 2022
Prime Medical Facility Sold for $41.25 million via Online Auction
DENVER -- The U.S. General Services Administration (GSA) announces the transfer of deed/title following the sale of the property known as 9th & Clermont- Denver located at 1055 Clermont Street via a public auction that ended on August 9th.
The online auction garnered a winning bid of $41.25 million. The property, an 8.265 +/- acre parcel with five buildings and an 8-floor parking structure totaling 775,718 +/- gross square feet is located near the intersection of E. Colfax Ave. and Colorado Blvd., next to the 9+CO development. The property was sold “as is” and there are no use restrictions imposed by the Government, allowing the grantee, GME I, LLC, to consider various potential reuse options, subject to state and local regulations.
The property was previously identified by the Public Buildings Reform Board for disposal in the initial, high-value round as specified under the Federal Assets Sale and Transfer Act of 2016 (FASTA), Public Law 114-287, as amended. As required by FASTA, the property was reported excess by the Department of Veteran Affairs and GSA was authorized to conduct and execute the sale.
GSA continues to dispose of excess federal property to more efficiently utilize real estate assets, save taxpayer dollars and create economic development opportunities in local communities like Denver
To learn more about other properties up for auction, GSA’s auction process, and other ways to acquire surplus government real estate, visit disposal.gsa.gov. To participate in the auction and find properties for sale to the public by online auction, visit real estate sales.gsa.gov.
About GSA: GSA provides centralized procurement and shared services for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing approximately $75 billion in annual contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA’s mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people. The GSA’s Rocky Mountain Region provides products and services throughout Colorado, Montana, North Dakota,South Dakota, Utah and Wyoming. For more information, visit https://www.gsa.gov/r8 and follow us at Twitter.