Adams County
Property Location: 7545 Bradburn Blvd., Westminster, “Bradburn Garden Apts.”
Property Description: 44-unit, two-story apartment, “walkup style,” with four buildings, 31,680 sf, YOC 1973, brick/stucco construction
Land Size: 1.52 acres
Sales Price: $3.9M, or $88,636 per unit, or $122.41 per sf
Reception No.: 2016000012743
Closing Date: 2/18
Grantor: Nielson Gardens LLC, Carl C Nielson, mgr.
Grantee: 1575 Galena Partners LLC
Financing: Payable to Guaranty Bank & Trust
Comments: 31 two-bedroom units @ 735 sf, renting for $876 per mo.; 12 one- bedroom units @ 600 sf renting for $780 per mo.; and 1 three-bedroom @ 800 sf renting for $1,050 per mo. EGI is $458,466 and expenses are $3,246 per door, with NOI at $315,606, or 8.09% cap rate. The sale was handled by Marc Lippitt, Ryan Floyd & Adam Riddle of Unique Properties LLC-TCN Worldwide, 303-321-5888.
Property Location: SWC East Bridge Street & South 50th Street, Brighton
Property Description: Vacant land
Land Size: 2.8 acres (two parcels)
Sales Price: $2.13M, or $17.47 per sf
Reception No.: 2016000015195
Closing Date: 2/26
Grantor: S3L Holdings LLC & 70 Ranch LLC
Grantee: Catholic Health Initiatives Colorado, Courtney Hanfland, director of real estate transactions, 303-518-4676, or courtneyhanfland@catholichealth.net
Comments: Property was listed by Crosbie Real Estate Group, Rick Hobbs, 720-287-6865, & Sarah Alfano, 720-287-6871. This property is directly east of the 7-Eleven and north of Les Schwab Tires.
Property Location: SEC East 112th Avenue & Colorado Boulevard, Thornton
Property Description: Vacant land
Land Size: 3.34 acres
Sales Price: $1.4M, or $9.62 per sf
Reception No.: 2016000014229
Closing Date: 2/24
Grantor: SPG Investors LLC
Grantee: Maverik Inc., *Crystal Call Maggelet, CEO & pres., & Matt Monson, investment director, both of F.J. Management, 877-936-5557
Financing: Cash deal
Comments: Plan to build a Maverik convenience store with gasoline pumps. This site is directly north of the Conoco convenience store with a car wash; see 11090 Colorado Blvd. Maverik has an estimated 267 stores in the western portion of the USA, primarily in Colorado, Wyoming, Utah, Arizona, Idaho, Montana, Nebraska, Nevada, Oregon, Washington, and ranked 37th convenience store in the country. *Daughter of one of the founding principals of the company.
Property Location: 7160 Irving St., Westminster
Property Description: 12,724-sf warehouse, YOC 1981, masonry/block const., 20’ clear height & 26 parking spaces
Land Size: 28,314 sf
Sales Price: $1.15M, or $90.38 per sf
Reception No.: 2016000013019
Closing Date: 2/18
Grantor: McBride Brothers Investments LLC
Grantee: 7160 Irving Street LLC, Dr. Desi J. Penington, mgr., 303-450-8191
Financing: Payable to Compass Bank
Comments: Building was vacant at time of sale; asking lease rate was $7.95 per sf, triple net, offered by Jeremy Kroner, 720-528-6455, or Bill Thompson, 720-528-6373, CBRE Inc. Buyer’s company, MedInfo Inc., will occupy space.
Arapahoe County
Property Location: 5820 S. Windermere St. & 5829 S. Datura St., Littleton, “Southview Place Towers”
Property Description: 259-unit apartment complex in two five-story buildings, 240,301 sf, YOC 1972, masonry construction
Land Size: 5.88 acres
Sales Price: $30.51M, or $117,782 per unit, or $126.95 per sf
Reception No.: D6016057
Closing Date: 2/16
Grantor: Southview Place Towers LLC, James D. Hudson, pres., Hudson Ideal Co., 1200 28th St., Suite 100, Boulder 80303, 303-442-6380
Grantee: Tebo-Orvis LLC, Stephen D. Tebo, mgr.
Financing: $26.15M payable to Homestreet Bank
Comments: Senior 55 and older apartment units. Small studio contains 296 sf; medium-size studio contains 375 sf; large studio @ 425 sf; one-bedroom @ 696 $915-$950 sf; two-bedroom @ 966 sf; 2-bedroom split @ 990, 1,135 and 1,175-1,210 sf. Underground parking is $40, subject to lease between seller & New Cingular Wireless PCS LLC; see D3128194 & amendment D4031796.
Property Location: 7801 E. Arapahoe Road, Englewood
Property Description: 11,097-sf bank, YOC 1980, masonry construction
Land Size: 43,222 sf
Sales Price: $5.33M, or $479.86 per sf
Reception No.: D6016057
Closing Date: 2/16
Grantor: Robert A. Koontz & Gregory L. Armstrong
Grantee: Kevan D. Baltzer & Lisa M. Baltzer, trustees, Coeur d’Alene, ID
Comments: Tenant is U.S. Bank. Seller is Armstrong Capital Development, 303-799-4030 or www.acd-co.com. The tenant had the first right of refusal, which it waived. The listing broker was CBRE Inc., Matt Hendricks, 970-412-8245 or 720-528-6308.
Property Location: 7935-7995 E. Prentice Ave., “Offices at the Promenade”
Property Description: 128,303-sf (two office buildings), including 75,297-sf five-story office building, 53,006-sf, four-story office building, both constructed in 1974 and renovated in 2008
Land Size: 8.76 acres
Sales Price: $16.85M, or $131.33 per sf
Reception No.: D6020388
Closing Date: 2/26
Grantor: Denver Promenade LLC, Felton Properties, Portland, OR 97204, Matthew J. Felton, mgrs., 503-227-2433
Grantee: Melcor Promenade LLC, Jonathan Chia, CFO, 855-673-6931
Financing: Assumption of $12M note dated 9-1-13 payable to U.S. Bank NA, trustee, on behalf of the Registered Holders of Citigroup Commercial Securities
Comments: Company is based out of Edmonton, Alberta, Canada, 780-423-6931, with Brian Baker as president & Darin Rayburn, CEO, 780-423-6931. Jeff Borlaug of Felton Properties managed the properties in Colorado.
Property Location: 5501-5549 S. Broadway, Englewood, “Broadway Square”
Property Description: 15,920-sf retail building, 48,108-sf shopping center, 5,723-sf freestanding retail building. All three buildings were constructed in 1984 with block construction & freestanding 2,622-sf restaurant, YOC 1984, wood siding/stucco, total of 72,373 sf
Land Size: 5.91 acres
Sales Price: $7.2M, or $99.49 per sf
Reception No.: D6021370
Closing Date: 3/1
Grantor: Broadway Square Realty LLC, Dr. Orion Davidoff, mgrs., et al.
Grantee: Broadway Square LLC (85%), Sidford Capital, Andrew P. Wolf, SVP, 303-997-2593, & 1301 Monroe Street LLC (15%), Brad Brooks, mgr.
Comments: Matt Ritter & Peter Sengelmann of Pinnacle Real Estate Advisors represented the buyer while Jamie Mitchell of Pinnacle represented the seller. APN: 2077-15-2-00-009, 2077-15-3-00-012. Tenants include Greenwood Cabinets & Stone, Colorado Antique Gallery, Old Santa Fe Mexican Grill, Littleton Car Rentals, Consignment Store, Nails Image, Becker Insurance, Fresh Start Laundry, Mile High Antique Restoration and others. This was a 1031 exchange.
Property Location: SEC South Dayton Street & East Mississippi Avenue, Aurora
Property Description: Vacant land, 63 homes planned
Land Size: 15.33 acres
Sales Price: $4M, or $5.99 per sf
Reception No.: D6020026
Closing Date: 2/25
Grantor: Mississippi and Galena LLC,Steve Pechar, mgr., c/o J&B Building Co., Steve Peckar, 303-741-6343, Ext. 105, steve@jandbbuilding.com
Grantee: Meritage Homes of Colorado Inc., Richard Cross
Comments: The sale was conditional upon downzoning the property from B-4 & COD to R-1. Plans for the 63 residential units have not been submitted.
Property Location: 8115 S. Chester St., Centennial
Property Description: Vacant land, proposed self-storage
Land Size: 3.27 acres
Sales Price: $2.3M, or $16.15 per sf
Reception No.: D6018611
Closing Date: 2/23
Grantor: D.D. Writer & Sons, Adam Herbert Writer, gen. ptnr.
Grantee: Greenbox VI LLC, Bahman Shafa, mbr., c/o Foxus Corp., 303-296-7550
Comments: Property is located on the west side of South Chester @ the East Otero Avenue intersection with South Chester Street
Property Location: 3690 S. Fox St., Englewood
Property Description: 14-unit, three-story apartment, “walkup style,” 8,061 sf, YOC 1971, brick construction, 14 parking spaces
Land Size: 1.52 acres
Sales Price: $1.43M, or $101,786 per unit, or $176.78 per sf
Reception No.: D6018620
Closing Date: 2/18
Grantor: Madgavash LLC, Michael D. Foonberg, mgr.
Grantee: Kimberly Apartments LLC, Kimberly I. Merkel & Ricardo Fernandez
Financing: $925,000 payable to Bank Financial FSB
Comments: Listed by Tim Hakes, 720-880-2923, & Stephanie Keyes, 720-880-2924, @ Weststar, 720-941-9200. There are 13 one-bedroom units @ $744 per mo., 1 two-bedroom unit @ $925 per month. Expenses are estimated @ $4,363 per unit with NOI @ $69,523, or 4.9%.
Denver County
Property Location: 6851 Tower Road, “Fairfield Inn & Suites Denver Airport”
Property Description: 160-room, three-story hotel, 85,310 sf, YOC 1995, stucco
Land Size: 3.22 acres
Sales Price: $19.12M, or $119,488 per room
Reception No.: 2016021508
Closing Date: 2/4
Grantor: Summit Hospitality I LLC, c/o Summit Hotel Properties, Chris Eng, secretary, Austin, TX 78738
Grantee: ARC Hospitality SMT FIS DENCO Owner LLC, c/o Crestline Hotels & Resorts, James Carroll, CEO, 571-529-6100, Fairfax, VA 22030
Financing: $450M payable to Deutsche Bank AG New York Branch, due 8-31-18
Comments: There are three meeting rooms with three room models: one king with sofa bed @ 550 sf, one king @ 500 sf, two queen-size beds @ 500 sf, two queens plus sofa bed @ 550 sf & one king & sofa bed. Buyer is American Realty Capital Hospitality Trust Inc., 212-415-6500.
Property Location: 18350 E. 68th Ave., “SpringHill Suites Marriott”
Property Description: 124-room, four-story hotel, 71,300 sf, YOC 2007, stucco
Land Size: 2.46 acres
Sales Price: $12.97M, or $104,559 per room
Reception No.: 2016021471
Closing Date: 2/4
Grantor: Summit Hospitality I LLC, c/o Summit Hotel Properties, Chris Eng, Secretary, Austin, TX 78738
Grantee: ARC Hospitality SMT FIS DENCO Owner LLC, c/o Crestline Hotels & Resorts, James Carroll, CEO, 571-529-6100, Fairfax, VA 22030
Financing: $450M payable to Deutsche Bank AG New York Branch, due 8-31-18
Comments: There are three meeting rooms with three room models: one king with sofa bed @ 375 sf, two queen & sofa bed @ 375 sf. Buyer is American Realty Capital Hospitality Trust Inc., 212-415-6500.
Property Location: 1444 Wazee St., Denver “Elephant Corral”
Property Description: 57,200-sf, 3-sty. office building, YOC 1880, renovated in 1983; 3,122-sf residential condo, YOC 1931; 5,794-sf office building, YOC 1931; 12,500-sf parking lot at 1401 Wazee St. Total of 66,116 sf of improvements.
Land Size: 43,606 sf
Sales Price: $22.55M, or $341.14 per sf
Reception No.: 2016014959 (four deeds combined)
Closing Date: 2/8
Grantor: Wazee Street LLC, c/o Stoltz Real Estate Partners, Chris Galligan, VP
Grantee: Unico BOB Elephant Corral LLC, c/o Unico Properties
Financing: $35.5M payable to Compass
Comments: See prior sale in the amount of $17M, which included additional properties listed below as referenced by assessor parcel numbers (APN). See Reception No. 2016014959 for $13.03M, APN 02331-19-022; see Reception No. 2016014960 for $6.52M, APN: 02331-00-005, 02331-20-191, 02331-20-192, 02331-20-193; see Reception No. 2016014961, $2.01M, see APN 02331-19-024; see Reception No. 2016014962, $1M, see APN 02331-19-038; 02331-19-039. Four deeds totaling $22.55M.
Property Location: 1720 S. Bellaire St., Denver, Denver, “Tower Colorado”
Property Description: 127,715-sf, 15-story office building, YOC 1974, renovated in 2008, masonry construction
Land Size: 42,262 sf
Sales Price: $15.85M, or $124.10 per sf
Closing Date: 2/29
Reception No.: 2016026168
Grantor: Denver Tower Equities LLC, Matthew Felton, CEO, Felton Properties, mgr., 503-227-2433
Grantee: 1720 Tower Colorado LLC, Stuart C. Ogilvie, pres., 303-864-9774,
2601 Blake St., Suite 100, Denver 80205
Financing: $13.4M payable to Mutual of Omaha Bank
Comments: Seller’s representative for Colorado is Jeff Borlaug, 503-227-5799; see related sale at 7935-7995 E. Prentice Ave., Greenwood Village. Building size obtained from seller’s website and is exactly what Denver County Assessor shows. Lease rates are quoted at $22 per sf, full service. Listing broker for lease prior to the closing was Cushman & Wakefield, Ryan Stout, 303-813-6442. The building reflects approximately 20% vacancy as of 2-1-16.
Property Location: 1660-1702-1710 Platte St., Denver
Property Description: 15,069-sf building, YOC 1973, 14,765-sf industrial building, YOC 1972 (land value)
Land Size: 1.36 acres
Sales Price: $12M, or $202.86 per sf (land value)
Closing Date: 2/25
Reception No.: 2016024787
Grantor: William J. Spicer, 303-433-6803 (president of Empire Staple Co.),
Grantee: 1710 Platte Associates LLC, c/o Trammell Crow Co., 303-628-7439, 1225 17th St., Suite 3050, Denver 80202-5534
Comments: See APN: 02284-07-010, 02284-06-016. The seller’s company, Empire Staple Co., will relocate from 1710 Platte St. to Trammell Crow’s new development, Crossroads Commerce Park. Its new building contains 61,870 sf on 4.8 acres located at the SEC of East 55th Avenue & Lincoln Street. This is a two-way 1031 exchange as Trammell Crow will sell the building at Crossroads Commerce Park at the completion of the construction to Empire Staple Co. Len McBroom of McBroom Co. represented the seller. The city and county of Denver also sold remnant parcels along South Platte River Trail that contain 7,495 sf to 1710 Platte Associates for $450,000, or $60.04 per sf. This tract lies on the southeasterly boundary line of the 1.36-acre tract purchased by Trammell Crow in this transaction. See Reception No. 2016024788
Property Location: 11411 E. 51st Ave., Denver
Property Description: 56,900-sf warehouse, YOC 1987, twin-tee construction, 4 dock-high doors, 3 drive-in doors, 20’ clear, wet sprinkled
Land Size: 3.19 acres
Sales Price: $4.3M, or $75.57 per sf
Reception No.: 2016015013
Closing Date: 2/3
Grantor: 11411 Limited LLLP, Valerian J. Uhrich, mgr., 303-455-3340
Grantee: SI Partners Investments LLC, c/o Stone International of Denver, Tsz Yuk Cheung & Yue F. You, mbrs., 303-371-0788, www.coloradocabinets.net
Financing: $3.66M payable to JPMorgan Chase Bank, NA, due 2-18-19
Comments: Addition to building occurred in 1997. There are 77 surface spaces plus 75 spaces on the 1-acre parcel directly to the west of the building. Buyer is an owner-occupant.
Property Location: 3600-3610-3636 Brighton Blvd., Denver
Property Description: 7,331-sf industrial building, YOC 1954 (land value)
Land Size: 37,500 sf
Sales Price: $3.75M, or $100.01 per sf
Reception No.: 2016021444
Closing Date: 2/18
Grantor: Mark Jae Paulson
Grantee: 3600 Brighton Blvd. LLC, Eddie J Haselden & Robert L. Cohen, mgrs., c/o Haselden Construction Co., 303-751-1478, Centennial 80112
Financing: $2M payable to Collegiate Peaks Bank
Comments: 02271-06-021, 02271-06-017, 02271-06-039, three parcels containing 37,500 sf on the northeast corner of Brighton Boulevard & 36th Street. The property is zoned I-MX-5.
Property Location: 4375 Brighton Blvd., Denver
Property Description: 27,549-sf industrial building, YOC 1971, brick & twin construction, 21’ ceiling height, 7 dock-high loading doors, 3 drive-up doors
Land Size: 52,450 sf
Sales Price: $3.5M, or $127.05 per sf
Reception No.: 2016026032
Closing Date: 2/29
Grantor: Roger D. Witulski
Grantee: HDP One Brighton LLC, Jeff Oberg (50%) & DRMS Brighton LLC, Richard W. Beck (50%)
Financing: $1.71M payable to DRMS Brighton LLC, 1601 Lowell Blvd., Denver, 3% due 2-28-17
Comments: This sale was negotiated by Tim Finholm, 303-512-1161, Sam Leger, 303-512-1159, & Carlos Valencia, 303-512-1154, of Unique Properties LLC-TCN Worldwide. Income from the sign (on the building) is $48,352 per year. Broker has the property re-listed for lease @ $20 per square foot triple net with availability in June.
Property Location: 1181-1185 Bellaire St. & 1194-96 Ash St., Denver
Property Description: 1194-96 Ash St: 5-unit two-story building w/ 8,136 sf, YOC 1948, brick construction, four garages, 1 one-bedroom unit @ 800 sf, 4 two-bedroom units ranging from 1,300-1,500 sf, renovated in 2008. 1181-85 Bellaire St: 11-unit, three-story apartment, 12,292 sf, YOC 1949, brick construction, with 14 off-street parking spaces (total of 16 units with 20,428 sf)
Land Size: 24,031 sf
Sales Price: $3M, or $187,500 per unit, or $146.86 per sf
Reception No.: 2016023103
Closing Date: 2/25
Grantor: Cosimi Farms LP, Ronald A. Cosimi, 505-884-0645
Grantee: Ash and Bellaire LLC, David H. Burch, mgr.
Financing: $1.2M payable to JPMorgan Chase Bank NA, due 3-1-46
Comments: See APN: 06062-27-009 & 06062-27-001,
Property Location: 4995 Lima St., Denver
Property Description: 25,152-sf warehouse, YOC 1973, twin-tee construction
Land Size: 1.28 acres
Sales Price: $2.62M, or $104.17 per sf
Reception No.: 2016022100
Closing Date: 2/18
Grantor: Lima Street Holdings LLC, Brian Smith, mgr., 303-937-1012
Grantee: Bean Holdings of Colorado LLC, Norman Bean, pres., 3079 S. Baldwin Road, Suite 192, Lake Orion, MI 48359
Financing: $1.95M payable to grantor, due 2-18-19
Comments: Building was renovated in 2007. There are 7 dock-high (8’x 10’) doors & 1 drive-in door (12’x16’) with 19’ clear. There is 2,702 sf of office space. Tenant is OG Medicinal LLC, a medical marijuana firm that executed a lease June 22. Gibson Athletics formerly was owner and occupant of the building prior to leasing to OG Medicinal. The seller’s company, Gibson Athletics, is located at 13333 E. 37th Ave., Denver.
Property Location: 2323-2333-2345 Eliot St., Denver
Property Description: Misc. residential improvements (land value)
Land Size: 18,798 sf
Sales Price: $2.26M, or $120.32 per sf
Reception No.: 2016023210
Closing Date: 2/25
Grantor: 2329 Developers LLC, Nathan Adams, mgr., 303-997-4001
Grantee: Eliot Hill LLC, John Bogdasarian, c/o Promanas Group, 734-477-9400
Financing: $4.45M payable to Bank of Colorado (const. loan) due 2-23-18
Comments: Buyer is developer based out of Ann Arbor, MI
Property Location: 1727 W. Mississippi Ave., Denver
Property Description: 22,701-sf retail building, YOC 1956
Land Size: 1.93 acres
Sales Price: $1.9M, or $83.70 per sf
Reception No.: 2016026084
Closing Date: 2/29
Grantor: Ruben & Gloria Huizar
Grantee: Lam & Ho Investments, Lion Lam & Margaret Ho, mgrs.
Financing: $1.2M payable to FirstBank, due 3-1-17
Comments: This property has been used for a multitenant retail building including Salon Ocampo & Masion night club, owned by the grantor. The event center occupies the large middle section of the building containing approximately 13,000 sf and recently took the additional adjoining end portion, executing a five-year lease. The other tenants include a check cashing company and laundry dry/cleaning business. Buyer plans to hold for interim use with potential re-development play in the future. Justin Krieger of Pinnacle Real Estate Advisors, 303-962-9558, who also represented the buyers on 1225 S. Federal Blvd., represented Lam & Ho Investments on this transaction as well.
Property Location: 2412 S. York St., Denver
Property Description: 11-unit, three-story apartment (center hall building) 6,908 sf, YOC 1962, brick construction, with 5 off-street parking spaces
Land Size: 6,250 sf
Sales Price: $1.78M, or $161,364 per unit, or $256.95 per sf
Reception No.: 2016023103
Closing Date: 2/22
Grantor: South York Apartments LLC, John S. Blue, mgr.
Grantee: Carol E. Quinn
Financing: $887,500 payable to JPMorgan Chase Bank NA, due 3-1-46
Comments: This property sold in January 2013 for $1.18M or a gain of 50.42% or 1.11% growth per month. The property was listed in August by Kyle Malnati & Greg Johnson, 303-343-8333, of Madison Commercial Ltd. The listing broker indicates there is 8,500 sf in the center hall, three-story building, while Denver County Assessor shows 6,908 sf. The average rents were $825 per month with EGI of $109,339. Expenses are projected at $3,296, which includes 4% management and 3% vacancy, which reflects a 4.1% cap rate. Broker projects 29% increase in EGI in the pro forma statement, reflecting a 5.9% cap rate.
Property Location: SEC West Alameda Avenue & South Decatur, 2790 W. Alameda Ave.
Property Description: Closed Sonic Restaurant, 1,479 sf, YOC 2001
Land Size: 25,000 sf
Sales Price: $503,000, or $340.09 per sf
Reception No.: 2016023210
Closing Date: 2/16
Grantor: Audrey C. Medina & Carole M. Murray, Oklahoma City, OK 73101-2438
Grantee: CPD-Alameda & Decatur, Centerpointe Real Estate, Matt Ladendorf, 602-448-8768, Scottsdale, AZ 85251
Financing: $729,700 & $91,200 payable to Stearns Bank NA
Comments: Buyer has a tenant for the building
Douglas County
Property Location: 1585 S. Perry St., Castle Rock
Property Description: 40,060-sf warehouse/laboratories, YOC 2003 (23,781-sf warehouse & 16,279-sf laboratory space), concrete panel construction, 93 parking spaces, 18’10’’ clear to 19’10’’ at center ridge line, two 10’ x 12’ at rear loading area & 1 dock high and 1 drive-in, 7 rooftop heating/cooling units
Land Size: 3.01 acres
Sales Price: $4.05M, or $101.17 per sf
Reception No.: 2016011219
Closing Date: 2/25
Grantor: Venaxis Inc., fka Aspenbio Pharma Inc., Jeff McGonegal, CEO
Grantee: Antler Investments LLC & Orchid Investments, John Witt, mgr., 5225 Summerville Circle, Castle Rock 80109
Comments: Last brochure on record was with Matt Call and John Witt of NavPoint Real Estate Group. The property was listed for $4.4M. In 2013-2014, the property was listed for $4.4M or for lease @ $8-9 per sf for warehouse space or $12-$13 per sf for office/lab space. Operating expenses of $3.57 per sf were indicated in 2014. The building was vacant at time of closing; however, the buyer confirmed they had a tenant to occupy the building subsequent to closing.
Property Location: 215 N. Wilcox St., Castle Rock
Property Description: 5,100-sf retail building (restaurant), YOC 1972, stucco
Land Size: 20,996 sf (two parcels)
Sales Price: $2.2M, or $431.37 per sf
Reception No.: 2016009422
Closing Date: 2/18
Grantor: Jesus Aguirre
Grantee: Bates Leasing Company Ltd., Roxanne Fie Anderson & Colleen D. Porterfield, general partner
Comments: Two sites separated by road owned by city of Castle Rock. Tenant in the building is the Blue Nectar Mexican Restaurant.
Property Location: SEC Centerpark Loop & Colony Loop
Property Description: Vacant land
Land Size: 8.84 acres
Sales Price: $1.91M, or $4.96 per sf, or $19,490 per buildable unit
Reception No.: 2016011854
Closing Date: 2/16
Grantor: Liberty Capital Inc., Joseph C. Hoskins, SVP, Dayton, OH 45402-1604
Grantee: Cardel Homes U.S. LP, Roderick D. Mickelberry, regional pres.
Comments: Lot 14-A, Lincoln Creek Village Filing No. 1, 2nd Amendment. Property was listed by Tim Price, 303-688-7300. Property is zoned for 98 single family attached homes in unincorporated Douglas County.
Property Location: Northwest corner Woodlands Boulevard & Fifth Street, Castle Rock
Property Description: Vacant land
Land Size: 5.45 acres (two parcels)
Sales Price: $675,000, or $2.84 per sf
Reception No.: 2016009092
Closing Date: 2/16
Grantor: CGD Mortgage Investors LLC, Heath A. Herber, mgr.
Grantee: Calvary Chapel Castle Rock LLC, Dave Love, senior pastor
Financing: $381,000 payable to Colorado East Bank & Trust
Comments: Property sold by Matt Call & John Witt of NavPoint Real Estate Group, 720-420-7530.
Property Location: 10251 Progress Way, Parker
Property Description: Vacant land
Land Size: 1.02 acres
Sales Price: $500,000, or $11.24 per sf
Reception No.: 2016008551
Closing Date: 2/16
Grantor: Burn Family Trust, Charlotte Burn, trustee
Grantee: P&D Holdings LLC, Dennis Brewster, mgr.
Financing: $499,000 payable to Burn Family Trust
Comments: West of Progress Way, approximately 1,500’ north of Plaza Drive
Jefferson County
Property Location: SEC W. 97th Avenue & Chase Street, Westminster
Property Description: Vacant land, zoned for 164 units
Land Size: 5.58 acres
Sales Price: $4.8M, or $19.77 per sf, or $29,268 per buildable unit
Reception No.: 2016016484
Closing Date: 2/19
Grantor: 1225 Prospect LLC, Michael Markel, mgr., 303-435-4534
Grantee: Hyland Project LLC, The Garrett Co., Eric Garrett, Pres & Ken Kozoil, PE & project manager, 317-886-7923, Greenwood, IN 46143
Comments: 29-134-09-001, 002, Lot 1, Block 9, Hyland Village contains 5.05 acres and is approved for a 164 units (two buildings) with three and four stories. Tract SS is also included in the sale and contains 0.53 acres of open space on the easterly boundary line of the property. The site plan calls for 60 one-bedroom units, 80 two-bedroom units & 24 three-bedroom units. There are a total of 267 parking spaces, of which 157 are podium parking spaces (underneath the two buildings) and 110 spaces are open and reside in the courtyard. Planner is Patrick Caldwell, 303-658-2090, of the city of Westminster.
Property Location: SWC West Colfax Avenue & Fenton Street (5800 W. Colfax Ave.)
Property Description: Vacant land, zoned MG-U, Mixed Use General Urban.
Land Size: 40,600 sf
Sales Price: $750,000, or $18.47 per sf
Reception No.: 2016016392
Closing Date: 2/19
Grantor: BJ&G Associates LLC, Gregory Bundy, mgr., Boulder 80302
Grantee: Rodajo Inc., David Grasch, pres., Montalba, TX, 903-549-2202
Financing: $643,000 payable to T Bank NA, Dallas, TX 75248
Comments: Site plan had not been approved as of 2-25-16. Preliminary plans call for 18 vacuum bays and a single wash tunnel. Project manager for Lakewood Planning Department is Kara Mueller, 303-987-7982.
