Accelerated disposition cuts waste, reinforces the federal real estate inventory, and opens properties to redevelopment opportunities
DENVER — Today, the U.S. General Services Administration (GSA) announced the public sale of two historic federally owned properties in Denver’s Five Points neighborhood, advancing Administrator Edward Forst’s effort to return underutilized federal assets to productive private-sector use and deliver greater value for American taxpayers.
“The sale of these two properties reflects our commitment to reinforcing the federal real estate portfolio,” said GSA Administrator Edward C. Forst. “GSA will continue delivering on President Trump’s agenda by cutting billions in delinquent maintenance costs, using federal resources efficiently, and creating economic opportunities around the country.”
The sale features the two-story, 18,910-square-foot garage at 2106 California Street and an adjacent one-story, 12,034-square-foot garage at 2101 Welton Street. The properties’ proximity to the region’s major cultural and economic institutions offers prospective buyers a prime opportunity for redevelopment.
In addition to the Denver structures, GSA has listed other buildings for accelerated disposition to ensure taxpayers no longer pay for underutilized federal space. GSA projects that the sale of these buildings will eliminate $5 billion in delinquent maintenance and annual operating costs.
GSA has reduced costs and strengthened the federal real estate portfolio by disposing of over 127 properties since January 2025, generating $614 million in proceeds, avoiding $1.15 billion in delinquent maintenance and operating expenses, and eliminating $867 million in costs through lease negotiations and reductions. Recent transactions include the Liberty Loan Building and the GSA Regional Office Building in Washington, D.C., as well as properties in Maine, Minnesota, Texas, California and Tennessee.
Interested parties are highly encouraged to review the Invitation for Bids, property information, and auction requirements before submitting a bid. Buyers can bid on both properties, but must note that each will require a separate bid deposit. Each property is listed individually at its own public auction link.
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About GSA: GSA provides centralized procurement and shared services for the federal government, managing approximately 360 million rentable square feet, overseeing over $126 billion in products and services via federal contracts, and delivering technology services to millions of people across dozens of federal agencies. GSA’s mission is to deliver exceptional customer experience and value in real estate, acquisition, and technology. To address nearly $50 billion in delinquent maintenance, GSA is leading a coalition of every cabinet agency and many federal leaders urgently advocating for full Federal Buildings Fund access and raising the prospectus threshold from $3.96 million to $75 million. For more information, visit GSA.gov and follow @USGSA.
