Former RiNo art gallery building sells for $ 3.2 million to California investors

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A building in RiNo that previously housed an art gallery has changed hands.

RiNo Wynkoop Investors LLC bought the building at 3675 Wynkoop St. Monday for $ 3.15 million, according to public records. NBKC Bank financed the operation.

The building measures 10,352 square feet over two floors, making the deal worth $ 304 per square foot. It sits on 0.28 acre land which also includes 14 space parking.

The building was previously occupied by Helikon Gallery & Studios, which announced in September 2019 that it would be closed by the end of the year. The company, opened in 2013, rented a studio and allowed artists to present their work.

The grandfather of Helikon owner Cayce Goldberg built the structure in 1974, according to Westword. The gallery cited high property taxes as the main reason for its shuttering.

David Nybo and Eva Salas Nybo are members of the LLC that purchased the property, according to loan documents associated with the sale. Pinnacle Real Estate Advisors broker Corey Sandberg, who represented the seller, described the buyers as California residents who bought the property as an investment.

Sandberg said a tenant had rented the entire building to the new owner, although he declined to identify the tenant.

The eight-story zoned property is opposite the new Rev360 office building and adjacent to the RiDE at RiNO apartment building originally developed by McWhinney.

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