The Winslow Report, authored by John V. Winslow, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of WinComps LLC and has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
Adams County
Property Location: 10101 Washington St., Thornton, “Meadows at Town Center”
Property Description: 104-unit, two-story brick with mansard roof, 92,679 sf, YOC 1974
Land Size: 9.86 acres
Sales Price: $14.63M
Reception No.: D6102135
Closing Date: 9/12
Grantor: Lamplighter Village LLC by: Central Development, Jeremy Records, manager, 303-628-0200, jeremy@centraldevelopment.com
Grantee: TM Meadows Associates LLC, by: TM Freshwater Partners LLC, Aleksey Rozenfield, manager, 2718 All View Way, Belmont, CA 94082
Financing: $11.25M, payable to Walker & Dunlop LLC, due 10-1-23
Comments: Seller purchased the property from Citywide Banks in an REO transaction in December 2010 for $4.24M. The property was listed and sold by the ARA investment team of Terrance Hunt, Shane Ozment, Justin Hunt, Andy Hellman, Anna Stevens and Amanda Melum, 303-260-4400. There are 33 one-bedroom units @ 723 sf renting for $949-$999, or $1.31-$1.38/sf; 59 two-bedroom/one-bath units @ 948 sf that rent for $1,249-$1,360, or $1.32-$1.43/sf; and 12 three-bedroom/two-bath units @ 1,074 sf renting for $1,500 to $1,700, or $1.40-$1.58/sf, as of 9-20-16. The gas is master metered but paid by tenant while electricity is separately metered. The owner pays for trash while the tenant pays for water and sewer. There are 199 parking spaces. Expenses on this property are estimated at slightly less than $5,100/door.
Property Location: 2790 Laredo St., Aurora, “Specialty Building Lumber Yard”
Property Description: 25,000-sf industrial building, includes 2,500-sf office area, YOC 2015
Land Size: 8.09 acres, includes 6.53 acres of hard-surface area
Sales Price: $4.95M, or $198/sf
Reception No.: 2016000074342
Closing Date: 9/1
Grantor: Specialty Building LLC, Timothy J. Leipzig, manager, 303-288-8484
Grantee: WT Eagleview LLC, Steven F. Spierer, John A. Woodward, Joseph S. Hohm & Robert L. Riley, managers, 2 Inverness Dr. East, Suite 200, Englewood 80112
Financing: $2.4M, payable to JPMorgan Chase Bank, due 10-1-29
Comments: There are 38 parking spaces for the building. The property is located at the southeast corner of Smith Road & Laredo St.
Property Location: 9461 Willow Court, Henderson, “UE Compression Building”
Property Description: 100,490-sf industrial building, YOC 2012, masonry with 34’ clear height, 16 drive-in doors, seven cranes, paint booth & 3.5 acres of excess land
Land Size: 17.97 acres
Sales Price: $10.53M, or $105/sf
Reception No.: 2016000074342
Closing Date: 8/26
Grantor: UE Compression LLC, Amy D. Husted, manager & VP
Grantee: Merritt Professional Properties LLC, 303-289-2286, Attn: Everett T. Merritt, manager
Financing: $5.32M, payable to Standard Insurance Company due 9-1-41
Comments: The property was listed by Jim Bolt, 720-528-6310, Tyler Carner, 720-528-6397 and Jeremy Ballenger, 720-528-6383, of CBRE Inc. The in-place cap rate is 6.7% with a single tenant, UE Compression. The building was constructed for the tenant in 2012. The APN is: 01721-21-1-02-006, reference by Adams County Legal Description as Lot 1, Block 1, Marty Farms Sub., Filing No. 2, and contains 16.29 acres; and 01721-21-1-02-009, referenced as Tract B and contains 1.677 acres of vacant land.
Property Location: NWC W. 116th Ave. & Huron St., Westminster
Property Description:
Land Size: 25.77 acres
Sales Price: $6.42M, or $6/sf
Reception No.: 2016000074342
Closing Date: 8/31
Grantor: IBC Denver VIII LW IV Holdings, Brian C. Mott, manager, 720-259-1435
Grantee: WL Park 12 Hundred Owner LLC, 6720 N Scottsdale Road, Suite 270, Scottsdale, AZ 85253
Financing: $5.32M payable to Standard Insurance Company due 9-1-41
Comments: See new file plat 2016000068916, Lots 3-5, Fourth Replat Technologies recorded 8-22-16. The property has 419.85’ frontage on W. 116th Ave., 1,884.29’ frontage on Huron St. The site on the northwest corner of W. 116th Ave. & Huron St. and will contain a three-story office building and a restaurant. The site directly to the north will contain four flex industrial buildings. Jason Addlesperger, David Lee and Scott Garel of Newmark Grubb Knight Frank handled the transaction and will handle the leasing for the property.
Property Location: 10699-10701 Melody Dr., Northglenn
Property Description: 65,519-sf, six-story office building, YOC 1972, concrete 6,320-sf office building, YOC 1968
Land Size: 4.16 acres
Sales Price: $3.8M, or $58/sf
Reception No.: 2016000073089
Closing Date: 8/31
Grantor: 10701 Melody Drive LLC, Robert W. Noffsinger Jr., manager
970-352-0463, Greeley 80631
Grantee: Concentus Partners LLC, Scott Pudalov, manager, 437 18th St., Boulder 80302
Financing: $3.2M, payable to FirstBank @ 4.35%, payable 9-1-26
Comments: See APN: 01719-10-3-04-025, 026, 027. Wells Fargo is the anchor bank in the building. Scott Fischer of Unique Properties Inc.-TCN Worldwide was the leasing broker, 303-512-1158.
Property Location: 12076 Grant St., Thornton
Property Description: 57,018-sf, three-story office building, YOC 1972
Land Size: 7.93 acres
Sales Price: $3.19M, or $56/sf
Reception No.: 2016000073202
Closing Date: 8/29
Grantor: DigitalGlobe Inc., Grove N Wray, SVP, www.digitalglobe.com
Grantee: Sasal LLC, Saeid Saeb, manager, 303-962-9300, Westminster 80031
Financing: $2.79M, payable to JPMorgan Bank, payable 8-31-18
Comments: See APN: 1573-34-0-03-026. Property was listed for sale or lease by Garrett Johnson, 303-302-1618, gjohnson@cresa.com. Buyer’s website is www.rocksol.com. Jeffrey R. Tarr is president and CEO of DigitalGlobe Inc. Net rentable area is 63,198 sf as reflected on Cresa listing brochure with 234 parking spaces.
Arapahoe County
Property Location: 6312 S. Fiddlers Green Circle, Greenwood Village, “Tuscany Plaza”
Property Description: 259,118-sf, six-story office building, YOC 1985, tile & masonry & 197,115-sf, three-level parking garage, YOC 1984
Land Size: 8.74 acres
Sales Price: $46.6M, or $180/sf
Reception No.: D6101498
Closing Date: 9/7
Grantor: CREF Tuscany Plaza LLC c/o Cornerstone Real Estate Advisers LLC
Grantee: GPIF Tuscany Plaza LLC c/o Crescent Real Estate LLC, Steve Eaton, manager, 303-395-1890
Financing: $30.6M, payable to Life Insurance Company of the Southwest
Comments: Suzanne Stevens, 817-321-1566, is the signatory of the buyer, whose corporate office is: 777 Main St., Suite 2260, Fort Worth, TX. The lender is based out of Montpelier, VT 05604. John Marold of CBRE Inc. was the leasing broker for CBRE Inc., 720-528-6355, and Chad Flynn, Tim Richey & Michael Winn of CBRE were the listing brokers.
Property Location: 8450 E Crescent Pkwy., Englewood, “Crescent V”
Property Description: 89,895-sf, four-story office building, YOC 2000, concrete
Land Size: 4.43 acres
Sales Price: $21.7M, or $241/sf
Reception No.: D6103885
Closing Date: 9/15
Grantor: 8450 Crescent Parkway LLC by: Principal Real Estate Investors, Doug Kintzle, 515-248-3316, & Todd R. O’Brien, 515-235-5409
Grantee: 8450 Crescent LLC, by: Samuel Engineering Inc., Everod Samuel, pres., & Claudia Samuel, CEO, 303-714-4840, 8450 Crescent Pkwy., Suite 200, Greenwood Village 80111
Comments: This building is LEED Certified and last sold July 2007 for $19.95M, or $222/sf or a modest gain of 8.77% or a 0.08% monthly growth rate.
Property Location: 6377 S. Revere Pkwy., Centennial, “Revere Corporate Center”
Property Description: 63,364-sf, four-story office building, YOC 1999, masonry
Land Size: 5.27 acres
Sales Price: $6.69M, or $106/sf
Reception No.: D6105320
Closing Date: 9/16
Grantor: RCS – Revere LP, Sharon K. Eshima, manager, Real Capital Solutions Inc.
Grantee: Pericles Associates LLC c/o Zaragon, Inc., Richard Perlman & Lisa Miner, 312-867-3840, 875 N. Michigan Ave., #3840, Chicago 60611
Financing: $5M, payable to PrivateBank & Trust, due 9-1-21
Comments: This building was listed for sale by Jason Schmidt of JLL, 303-217-7953. The anchor tenant is Credit Union Indirect Lending Association. The building is 96% occupied. The property was listed for sale for $7.15M. The seller can be reached at 303-466-2500. See APN: 2075-24-3-22-001.
Property Location: West side of S. Blackhawk St., south of E. Briarwood Ave., Centennial
Property Description: Vacant land
Land Size: 25 acres
Sales Price: $4.5M, or $4/sf
Reception No.: D6101524
Closing Date: 9/9
Grantor: Jordan-Arapahoe LLP, Peter N. Maniatis & Chris M. Wittenbrink, general partners
Grantee: Encompass Blanca LLC c/o Central Development, Jeremy Records, principal, Jeremy@centraldevelopment.com
Financing: Cash
Comments: See APN: 2073-30-2-08-004 = 4.4 acres, 2073-30-2-08-005 = 6.72 acres, 2073-30-3-01-001 = 6.22 acres, 2073-30-2-01-002 = 8.31 acres
2073-30-1-01-003 = 6.72 acres, totaling 32.37 acres. This property is listed by Kittie Hook, 303-260-4395, & Wade Fletcher, 720-266-3213
Property Location: 3440 S. Tower Road, Aurora, “Whole Foods”
Property Description: 15,052-sf retail building, YOC 2015, masonry with 64 parking spaces with 31,266-sf hard-surface area
Land Size: 1.33 acres
Sales Price: $6.5M, or $430/sf
Reception No.: D6099386
Closing Date: 8/29
Grantor: EVC South Aurora LLC, Luke R. Spellmeier, manager, 785-272-1398, Ext. 154, or Denver office, 720-502-5190
Grantee: MCSI Properties Aurora LLC, Michael J. Swartz, manager
Financing: $4.65M, due 9-1-31, payable to Public Service Credit Union
Comments: *Building size reflects Arapahoe County Assessor’s building size. This property was listed by Brad Lyons, 720-528-6351, & Matt Hendrichs, 720-528-6308, both of CBRE Inc.-Retail Division. The buyer was represented by Justin Brockman & Jules Hochman of Pinnacle Real Estate Advisors. There is a 15-year lease plus options. The property sold on a 6.2% in-place cap rate.
Property Location: 154 W. Powers, Littleton, “Prince Phillip Apartments”
Property Description: 23-unit, two-story-plus-garden -evel apt., 13,420 sf, YOC 1961, brick, five studio units, six one-bedroom units & 12 two-bedroom units
Land Size: 15,987 sf
Sales Price: $2.75M, or $119,565/door, or $205/sf
Reception No.: D6102135
Closing Date: 9/9
Grantor: Power Apts. LLC, Dan Howell, manager
Grantee: CIBI Investments LP by: Mame LLC, Carmen Bianchi, trustee,
858-793-2445, & Powers Apts. LLC, Dr. Gary Ghiselli, manager, 303-7836-1300
Financing: $1.87M, payable to Red Mortgage Capital LLC, due 10-1-36
Comments: Property was listed and sold by Josh Newell of Pinnacle Property Advisors LLC, 303-962-9559.
Property Location: 750 Chambers Road, Aurora
Property Description: 10,255-sf church plus 6,760-sf finished basement area with approximately 583 seats, YOC 2005, stucco/block, 17,015 sf total
Land Size: 2 acres
Sales Price: $2.3M, or $135/sf
Reception No.: D6101528
Closing Date: 9/9
Grantor: New Beginning Worship Center, Ramona Brown, VP
Grantee: Jurisdiction Colorado Church God Christ Inc., Roosevelt Dunn, bishop
Comments: See APN: 1975-05-3-43-001.
Property Location: 7017 S. Clinton St., Greenwood Village, “IHOP” restaurant
Property Description: 4,694-sf restaurant, YOC 1996, stucco
Land Size: 1.39 acres
Sales Price: $2.2M, or $469/sf
Reception No.: D6101864
Closing Date: 8/30
Grantor: Net Lease Funding 2005 LP by: Vereit Net Lease, Todd J. Weiss
Grantee: ZArapahoe Properties LLC, Tayseer Zuaiter, member
Financing: $1.1M, payable to Bank West, due 10-5-36, SBA loan
Comments: See APN: 2075-27-2-20-001, buyer has five IHOP franchise restaurants in the Denver metro area, including this one. Seller was part of American Realty Capital Properties, 602-778-8700. Property was listed by Gary Chou of Matthews Properties, 310-919-5827.
Property Location: 6482 S. Parker Road, Aurora
Property Description: 5,307-sf restaurant building, YOC 1998, masonry, seating for 189 patrons with 109 parking spaces
Land Size: 1.12 acres
Sales Price: $1.7M, or $320/sf
Reception No.: D6103979
Closing Date: 9/13
Grantor: Dojimisu LLC, James D. Lundstrom, manager
Grantee: Kobold Colorado I LLC, Steven I. Davis, manager, 480-429-4580,
8350 E. Raintree Dr., Suite 130, Scottsdale, AZ 85260
Comments: This building was listed and sold by Fuller Real Estate LLC, Bob Leino, 720-287-5402, & Andrew Dodgen, 720-287-5412. The roof was recently replaced & building was remodeled in 2006. The APN is 2073-20-3-08-008. The property was listed in March 2015.
Broomfield County
Property Location: NWC Sheridan Pkwy. & W. 160th Ave.; also fronts SWC Sheridan Pkwy. & Preble Creek Pkwy., Broomfield
Property Description: Vacant land
Land Size: 106.32 acres
Sales Price: $18.5M, or $4/sf
Reception No.: 2016010765
Closing Date: 8/30
Grantor: McWhinney CCOB Land Investments LLC, Troy C. McWhinney, chief investment officer, 970-962-9990, troym@mcwhinney.com
Grantee: JPMorgan Chase Bank, NA, J. Scott Bernardi
Comments: Lot 1, Block 1, Northpark Filing No. 4, see 2011002006. Frank Kelley of CBRE was involved in the transaction but could not comment on the deal.
Property Location: NWC Interstate 25 & Colorado Highway 7 (Baseline Road), Broomfield
Property Description: Vacant land
Land Size: 109.45 acres
Sales Price: $11.25M, or $2/sf
Reception No.: 2016011230
Closing Date: 8/24
Grantor: Northlands Colorado LLC, David J. Goldberg, manager, 303-799-6300
Grantee: IKEA Property Inc., Lars Petersson, president, 420 Alan Wood Road, Conshohocken, PA 19428
Comments: Lot 1-17, tract E. Northlands Filing No. 1. 2007003088. The 17 lots are platted and include 90.34 acres while Tract E contains 6.18 acres for a total of 96.52 acres that was conveyed from the grantor to IKEA. Old plat was vacated as per Ordinance No. 2028, “An ordinance vacating in part the final plat for Northlands Filing No. 1.” The new legal is Lot 1, Northlands Filing No. 1 Final Plat and can be view via Reception No. 2016011233, Broomfield County Clerk and Recorder.
Property Location: W/S WCR 7, E/S Sheridan Pkwy., extended north approximately 1,500 ‘ north of Highway 7, Broomfield County
Property Description: 86 vacant lots
Land Size: 15.27 acres
Sales Price: $4.74M, or $3/sf
Reception No.: 2016010663
Closing Date: 8/30
Grantor: Vista Highlands LLC, Barry Talley, manager
Grantee: Meritage Homes of Colorado
Comments: Lots 1-7, Block 1; Lots 1-10, Block 3; Lots 1-5, Block 4; Lots 1-12, Block 7; Lots 1-16, Block 8; Lots 1-16, Block 9; Lots 1-8, Block 10; Lots 1-12, Block 14; Highlands Filing No. 1 Replat A, County of Broomfield 686220
Property Location: 510 Compton St., Broomfield
Property Description: 20,340-sf office-flex building, YOC 1997, masonry
Land Size: Two acres
Sales Price: $2.25M, or $111/sf
Reception No.: 2016010457
Closing Date: 8/25
Grantor: 510 Broomfield LLC, Don Shonkwiler, manager
Grantee: WFP Carbon LLC, Nathan David Workman, manager, 727-461-5666,
12651 Walsingham Road, Suite B, Largo, FL 33774
Financing: $1.4M, @ 3.95%, due 8-1-26, payable to FirstBank
Comments: See APN: 1575-341-06-003. Tenants include Fastenal Company, RT Systems, Crystal Diagnostics Ltd. & Liberty Communications. Buyer’s website is www.workmanproperties.com
Denver County
Property Location: 820 Sherman St., Denver, “Moto Apartments”
Property Description: 64-unit six-story apartment, 43,720 net rentable sf, YOC 2016, 62 covered parking spaces, masonry
Land Size: 17,188 sf
Sales Price: $25.25M, or $394,531/unit, or $578/sf
Reception No.: 2016127134
Closing Date: 9/15
Grantor: 8th and Sherman Development LLC, Brent Farber, manager, c/o Elevation Development Group, 303-333-4993
Grantee: Denver Moto LLC c/o John Evilsizor, 925-736-8835, Danville, CA 91302
Financing: $15.14M, payable to Walker & Dunlop LLC
Comments: The 3,000-sf retail space is leased to the Black Eye Coffee Shop and Proper Barber Shop. The first two floors include parking area. The upper deck includes a pool and community courtyard. The property is on the northeast corner of Sherman St. & E. 8th Ave. There are 16 studios @ 592 sf renting from $2/sf to $2.70/sf; 20 one-bedroom units @ 577 sf renting from $2.34/sf to $2.77/sf; 20 one-bedroom units @ 741 sf renting from $2.09/sf; four two-bedroom/one-baths @ 909 sf renting from $2.20/sf; and four two-bedroom/two-bath units @ 1,063 sf renting from $.3.01/sf. The average size is 683 sf with a rental range from $2.28/sf to $2.55/sf. There is an additional $150/month for covered parking and $50/month for storage.
Property Location: 3200-3220-3254 Walnut St., & 3235 Larimer St., Denver
Property Description: 11,880-sf warehouse, YOC 1973; 29,432-sf, two-story factory, YOC 1958; masonry; 11,676-sf warehouse, YOC 1913; brick, 8,368-sf warehouse, YOC 1928, brick, land value
Land Size: 106,294 sf
Sales Price: $15M, or $141/sf, land value, or $64,655/buildable unit
Reception No.: 2016122695
Closing Date: 9/8
Grantor: Kaatz Associates II LLLP, et al., Daniel Kaatz, general partner, 303-292-3550
Grantee: Camden USA Inc., 713-354-2500, Todd Triggs, VP, 11 Greenway Plaza, Suite 2400, Houston, TX 77046
Financing: Cash
Comments: Lots 1-32, Block 22, Case & Ebert’s Addition, bounded by Larimer St., 32nd St., Walnut St. & 33rd St. Tyler Carner, Jeremy Ballenger & Marty Roth of CBRE Inc. handled the transaction. The property has been under contract since late 2015, subject to approval for a three-story & a five-story apartment building containing a total of 232 units. A three-story building would wrap around a six-story parking structure. The zoning was changed to C-MX-5 and C-MX-3 in August.
Property Location: 1599 Williams St., Denver, “William Tell Apartments”
Property Description: *81-unit, nine-story apartment building, 66,430 sf, YOC 1964, concrete precast panel
Land Size: 23,440 sf
Sales Price: $9.7M, or $119,753/door, or $146/sf
Reception No.: 2016125555
Closing Date: 9/15
Grantor: William Tell Apartments Inc., Brothers Redevelopment Inc.
Grantee: William Tell Investors LLC c/o GHC Housing Partners, Gregory F. Perlman, manager, 818-808-0600
Financing: $11.5M, due 9-1-49 payable to CitiBank, NA, Colorado Housing and Finance Authority
Comments: This property is an affordable housing development and will remain so. The seller was represented by Joe Hornstein & Scott Fetter of Pinnacle Real Estate Advisors LLC, 303-962-9547, while the buyer was represented by J.B Hochman and Justin Brockman, also of Pinnacle. There are 72 one-bedroom units, eight studio units and one two-bedroom unit. Monique Lawshe, VP, & R.J. Miller, VP, of GHC Housing Partners are responsible for acquisitions. An agreement is in place between William Tell Investors LLC, buyer, and Secretary of Housing and Urban Development, HUD, for the housing assistance payments, HAP, for 20 additional years pursuant to Section 524 of MAHRA, renewal contract.
Property Location: 5200 Smith Road, Denver
Property Description: 150,001-sf manufacturing facility, YOC 1964, masonry, 22 dock-high doors, 137,672-sf warehouse space & 12,329 sf of two-level office space
Land Size: 9.88 acres
Sales Price: $4.35M, or $29/sf
Reception No.: 2016127026
Closing Date: 9/6
Grantor: Moreland Properties LLC, Douglas Moreland, manager
Grantee: Capital Smith LLC, Bruce Smith Sr., 58%, 4800 Brighton LLC, Bill Vassil, manager, 21%, & Blue Mountain Ltd., 21%, 2429 Chase Lane, Lakewood 80227
Comments: The property is sprinkled and rail served with trailer parking. It is unknown is this transaction is arms-length.
Property Location: 2550-2560 Ogden St., Denver
Property Description: *22-unit, two-story-plus-garden-level apartment building, 19,980 sf, YOC 1963, brick
Land Size: 18,750 sf
Sales Price: $3.5M, or $159,091/door, or $175/sf
Reception No.: 2016123358
Closing Date: 9/9
Grantor: Olive Tree Apartments LLC, William A. Bivens Jr. & Kevin P. Higgins, managers
Grantee: Olive Tree Apts. LLC, Rawleigh Pyne, manager, 212-269-4888
Financing: $2.8M, payable to Arbor Commercial Funding, due 10-1-46
Comments: This property is a low-income tax credit property and was listed by Kevin Higgins of Unique Properties Inc., 303-321-5888. There are 14 two-bedroom units, six three-bedroom units and two four-bedroom units. Buyer’s website is www.pyneco.com
Property Location: 2880 S. Federal Blvd., Denver, “Avon Apartments”
Property Description: 36-unit, three-story apartment building, 20,760 sf, YOC 1969, brick
Land Size: 34,164 sf
Sales Price: $3.45M, or $95,833/door, or $166/sf
Reception No.: 2016126303
Closing Date: 9/14
Grantor: Avon Apartments LLC, Carol J. Brooks, manager, & Peter D. Robinson Trust, Robert Ray I LLP aka PRD Properties LLP
Grantee: Spur Holding LP, Gary T. Randolph, manager, 281-344-0225, 5610 FM 2218 Rd., Richmond, TX 77469-8966
Financing: $2.76M, payable to ZB, NA dba Amegy Bank, Rosenberg, TX 77471
Comments: See APN: 05321-08-048. There are 27 one-bedroom units at 620 sf and nine two-bedroom units at 725 sf.
Property Location: 1423 S. Pearl St., Denver
Property Description: 2,727-sf office building, YOC 1907, masonry & frame, renovated in 2010, with eight parking spaces
Land Size: 4,687 sf
Sales Price: $1.45M, or $530/sf
Reception No.: 2016122886
Closing Date: 9/8
Grantor: 1423 S. Pearl St. LLC, Jeffrey Hutcheson & Seth Meyer, managers
Grantee: OTUBNS Pearl LLC, David E. Gallegos, manager
Financing: $1.1M, payable to Sunflower Bank, NA
Comments: See APN: 05221-30-023. This property was listed by Tim Finholm & Sam Leger of Unique Properties Inc., 303-321-5888.
Property Location: 5545 E. Yale Ave., Denver
Property Description: *Eight-unit garden-level apartment, 4,672 sf, YOC 1960, brick
Land Size: 8,660 sf
Sales Price: $1.1M, or $137,375/door, or $235/sf
Reception No.: 2016123437
Closing Date: 9/12
Grantor: Redbrick Yale Group LLC, William D. Evans Jr., manager, 303-951-7000
Grantee: Philip & Lori Loveland Trust & Eric Helms, 5777 E. Evans Ave., Denver
Financing: $769,300, payable to JPMorgan Chase, due 10-1-46
Comments: See APN: 02342-28-042. This property was listed by Cody Stambaugh & Peter Sengelmann & Jeff Johnson , 303-962-9556, of Pinnacle Real Estate Advisors LLC. *Formerly a seven-unit apartment as owner converted property into eight units. Property rents have increased considerably since listing brochure was made. Property is managed by Compass Realty, 303-747-4782, and a 575-sf one-bedroom unit was available as of 9-16 for $995/month. Owner pays water, sewer, hot water and garbage while tenant pays gas and electric.
Property Location: 1648-1650 Julian St., SEC Julian St. & W. 17th Ave., Denver
Property Description: Residential improvements, land value
Land Size: 12,700 sf
Sales Price: $995,000, or $78/sf
Reception No.: 2016122776
Closing Date: 9/8
Grantor: Tony E. Medina, et al.
Grantee: Sloans 17 Townhomes LLC, Leon Cisneros, manager
Financing: $1.8M, payable to Lead Funding II LLC due 3-6-17
Comments: 17 townhome units proposed for rental
Property Location: 1800 Glenarm Pl., Unit 103, Denver
Property Description: 4,218-sf office condo, YOC 1980, masonry
Land Size: n/a
Sales Price: $818,250, or $194/sf
Reception No.: 2016126255
Closing Date: 9/16
Grantor: The First National Bank of Santa Fe, NA, Andrea Hegathen, SVP
Grantee: Contingent LLC, Cornell Johnson, manager, 303-298-8598
Financing: $850,000, payable to UMB Bank, NA
Comments: This property was listed by Todd Snyder, 720-881-7533, of NAI Shames Makovsky. Buyer will relocate from the ninth floor of this building into the ground floor.
Property Location: 2223 Welton St., Denver
Property Description: Vacant land
Land Size: 3,133 sf
Sales Price: $290,000, or $93/sf, or *$9,667/buildable unit
Reception No.: 2016124739
Closing Date: 9/13
Grantor: Cherry Street Partners LLC, Robert A. Smith, manager
Grantee: Stratus Welton LLC, Richard Dean, manager
Financing: $195,000, payable to BRELF II
Comments: See APN: 02342-28-042. This property was listed Billy Riesing, 303-847-5179, of Pinnacle Real Estate Advisors and sold by Rob Lawson, 303-962-9537, of the same company. Buyer is proposing constructing four to six micro-units/floor, total of 30 units, and will go up five floors with a footprint of approximately 3,100 sf. *Price per buildable unit is an estimate by Winslow Property Consultants of what the final product may total, as the buyer is hoping for six units/floor, reflecting 400 sf net rentable area/micro unit. The property had several offers the first day it was listed and sold for $15,000 more than the asking price.
Douglas County
Property Location: 600 W County Line Road, Littleton
Property Description: 340-unit, two-story apartment building, 305,030 sf plus 7,100-sf clubhouse, YOC 1993
Land Size: 20.63 acres
Sales Price: $81.13M, or $238,603/unit, or $266/sf
Reception No.: 201664177
Closing Date: 9/15
Grantor: Bluffs at Highlands Ranch LLC c/o JPMorgan Investment Inc., Brett T. Kahn, executive director, 270 Park Ave., NYC, NY 10017
Grantee: SRGMF II County Line Highlands Ranch LLC c/o Sares-Regis Group, Kenneth M. Coatsworth, VP, 18802 Bardeen Ave., Irvine, CA 92612
Financing: $57.26M, due 10-1-23, payable to CBRE Capital Markets Inc.
Comments: Lot 1-A, Highlands Ranch Filing No. 6-3rd Amendment. The one-bedroom unit with 696 sf rents for $1,235/mo., or $1.77/sf; the three-bedroom, two-bath units with 1,214 sf rent for $1,869/mo., or $1.54/sf;
Property Location: West corner Arlington Drive & Scott Road, Parker
Property Description: Vacant land
Land Size: 50.87 acres
Sales Price: $4.3M, or $28,515/acre
Reception No.: 2016064480
Closing Date: 9/15
Grantor: Arlington Associates LLLP, Steven M. Cohen, partner
Grantee: Forestar USA Real Estate Group
Comments: See APN: 2349-090-00-004 = 137 acres, 2349-094-00-001 = 13.73 acres
Property Location: East corner Low Meadow Blvd. & Red Hawk Drive, Castle Rock
Property Description: 98 residential lots
Land Size: 10.7 acres within the 98 lots and 5.72 acres within the three tracts
Sales Price: $3.5M, or $5/sf gross, & $7/sf net, or $35,500/lot
Reception No.: 2016065154
Closing Date: 9/19
Grantor: Castle Rock Development, Jim Riley, president
Grantee: Century at the Meadows LLC
Comments: Lots 1-16, Block 1; Lots 1-11, Block 2; Lots 1-19, Block 3; Lots 1-12, Block 4,; Lots 1-12, Block 5; Lots 1-28, Block 6; Tracts A, B, & D, The Meadows Filing No. 18, 12th amendment plat, see 2016061493. The total lots and tracts equate to 16.42 acres.
Property Location: 9932 Twenty Mile Road, Parker, “former Applebee’s”
Property Description: 5,429-sf restaurant, YOC 2005, masonry/stucco
Land Size: 1.26 acres
Sales Price: $1.58M, or $290/sf
Reception No.: 2016066257
Closing Date: 9/15
Grantor: RCI Realty LLC, William H Ferguson, member
Grantee: Kobold Colorado 3 LLC, Steven I. Davis, manager, 480-429-4580,
8350 E Raintree Drive, Suite 130, Scottsdale, AZ 85260
Comments: See APN: 2233-152-07-006, Lot 4A, Lincoln Meadows Filing No. 2, Amendment No. 1. Restaurant has been closed since April 2010
Jefferson County
Property Location: 3940 S. Teller St., Lakewood, “Addenbrooke Classical Academy”
Property Description: 68,165-sf school building, YOC 2002 & 3.29-acre site
Land Size: 11.17 acres
Sales Price: $11.5M, or $169/sf
Reception No.: 2016093335
Closing Date: 9/1
Grantor: Lexington Lakewood LP dba Lex Lakewood Parcel LP Lexington Realty Trust Inc., Joseph Bonventre, VP, 212-692-7200, or www.lxp.com
Grantee: Addenbrooke Classical Academy Building Corp., Charles Wright, executive director, 303-989-1336, Lakewood 80235
Comments: See APN: 59-024-01-005, 59-024-01-010 Lot 1, 2 Block 1, Trers Express Filing No. 1, see F1334357. Buyer moved into this space in early March 2015. Property sold in April 2005 for $11.6M. The building sits on 7.88 acres and has excess land of 3.29 acres. The grantee, tenant, had a lease that would have expired at the end of July 31, 2030, but it purchased the building from the landlord. Tenant had a purchase option for a stated price of $11.5M, which it exercised. The seller is a NASDAQ.com company
Property Location: 1320 Ammons St., Lakewood
Property Description: 14-unit, two-story apartment, 12,504 sf, YOC 1961, brick
Land Size: 20,687 sf
Sales Price: $1.68M, or $119,643/door, or $134/sf
Reception No.: 2016090336
Closing Date: 9/1
Grantor: Freyre Properties LLC, Alvaro Julio Freyre, member
Grantee: 1320 Ammons LLC, Ethan L. Coleman, manager
Financing: $1.41M, payable to AMG National Trust Bank
Comments: See APN: 02342-28-042. This property was listed by Joe Hornstein & Scott Fetter of Pinnacle Real Estate Advisors & Rob Lawson of the same company represented the buyer, 303-962-9537. The building has been updated with new real oak hardwood floor, new kitchens, new roof, new paving and upgraded electrical. The property is adjacent to the West light-rail line and three blocks from the Wadsworth Station.
Property Location: 9164 Marshall Pl., Westminster
Property Description: 10,010-sf industrial building, 16’ clear, with 24 parking spaces, YOC 91
Land Size: 33,741 sf
Sales Price: $1.3M, or $130/sf
Reception No.: 2016091084
Closing Date: 9/8
Grantor: Highland Properties 1716 LLC, Kelly James Lacert, manager, intermediary for Lake Arbor Associates Ltd.
Grantee: MG&MM LLC, Michael Gudenkauf, manager & president of Rocky Mountain Microfiche, 9164 Marshall Pl., Westminster 80031, 303-427-0625
Comments: See APN: 29-243-01-015. The buyer has a company named Rocky Mountain Microfilm and recently sold 1540 El Paso in a 1031 exchange. 1540 El Paso sold for $660,000. There is 16,400 sf of storage yard, of which 13,000 sf, plus or minus, is paved. The property was listed by Chris Ball, SIOR, CCIM, 303-312-4280, & Tyler Smith, CCIM, SIOR, 303-312-4296. The buyer has already moved into the building. See www.rmm-i.com.
Property Location: S/S Highway 74, N/S Black Eagle Drive, 31101 Black Eagle Drive, SWC Red Lodge Drive & Black Eagle Drive, Evergreen
Property Description: Vacant, buyer plans to build 32-unit apartment complex
Land Size: 67,910 sf
Sales Price: $550,000, or $8/sf
Reception No.: 2016090599
Closing Date: 9/8
Grantor: CCS-Hiwan I LLC, Marcel Arsenault, manager, 303-466-2500
Grantee: Ladd Land Investments LLC, Roger R. Ladd, manager, c/o Brittany Builders Inc., 303-419-1263, 32186 Castle Court, Suite 240, Evergreen, 80439
Comments: See APN: 41-201-01-267, 41-201-01-183, pt. Lot 2, The Ridge at Hiwan 12th Filing
