White Palace and Werner Building Denver, CO

Investment Highlights

• Prime, High-Traffic South Broadway Location
• Mixed-Use Buildings with Recent Renovations
• Diversified Revenue Streams and Cash Flow Resilience
• Tenant Synergy, Operational Efficiency, and Growth Potential
• Denver Market Tailwinds

Prime, High-Traffic South Broadway Location

Both properties are strategically located along the iconic South Broadway corridor in the Speer/Baker submarket—highly walkable to all Broadway has to offer, including Washington Park, theaters, bars, music venues, and cultural hotspots. White Palace and The Werner anchor the bustling S Broadway/Bayaud corner with exceptional foot traffic and vibrancy, benefiting from a strong destination retail draw that captures the eclectic restaurant, shop, and nightlife energy of the neighborhood. The corridor demonstrates proven demand from young professionals, creatives, and urban renters, supported by ongoing corridor revitalization, limited central infill supply, and excellent job and migration access.

Mixed-Use Buildings with Recent Renovations

Both buildings were constructed in 1922, blending classic features such as high ceilings, large windows, and natural light with modern upgrades for competitive tenant appeal. White Palace offers 11 renovated residential units featuring brand-new kitchens with stainless appliances, granite/quartz counters, designer flooring, updated bathrooms, in-wall AC, high-speed internet, shared laundry, pet-friendly policies, limited off-street parking, and 24-hour emergency maintenance. The Werner offers 8 spacious remodeled 1-bedroom units with brand-new kitchens including stainless appliances, gas range, quartz counters, designer tile and flooring, claw-foot tubs, walk-in closets, in-wall AC, high-speed internet, shared laundry, reserved storage, off-street parking, controlled access, pet-friendly policies, and 24-hour emergency maintenance. Both properties feature fully occupied ground-floor retail, providing stable commercial income alongside residential rents and positioning them as resilient mixed-use investments that often command rent premiums over the competitive set.

Diversified Revenue Streams and Cash Flow Resilience

The residential components of each property deliver reliable, recurring cash flow. White Palace’s 11 studios and 1-bedrooms are efficient, low-maintenance units with solid leasing momentum in a prime location. The Werner’s 8 renovated 1-bedrooms offer dependable multifamily income with strong resident retention potential. On the retail side, both properties are 100% leased with low vacancy risk. White Palace’s 5 commercial tenants include Voodoo Doughnut—an iconic national anchor with a cult following and late-night hours often until midnight to 2AM—alongside three boutiques and a locksmith, offering diverse experiential income from food and entertainment, boutique retail, and convenience services. The Werner’s ground floor is leased to a complementary mix including a pub, tattoo shop, fossil shop, and Insomnia Cookies, providing steady NOI from neighborhood-serving food and beverage, services, and niche retail. Together, the mixed-use structure delivers meaningful diversification: residential provides steady base rents, retail adds multiple income streams with potential escalations and percentage rent upside, and each component benefits from the other—residents enjoy ground-floor convenience while retail captures captive residential demand and bustling street energy. The boutique scale of both assets also supports easier management, lower relative operating costs, and broad appeal to private investors, local funds, or 1031 exchange buyers.

Amenities