Real estate 101 is taking place a few blocks from Denver Public Schools headquarters.

The school district purchased two parking lots at 1935 and 1963 Sherman St. last week for $2.5 million, according to public records.

The seller was Mobile Infrastructure Corp., a Cincinnati-based parking lot investor that bought the smaller lot in 2015 and the larger one in 2016 for a combined $3 million.

“A hundred dollars per square foot in downtown Denver felt like a very good value,” said Andrew Huber, DPS’ executive director of enrollment and campus planning.

Together, the two lots can accommodate nearly 100 cars. The smaller lot, at the corner of 19th and Sherman, had previously been leased by DPS. The other lot will replace its parking lot lease at 2000 Welton St., where an apartment building i

See Full Page