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 Winslow Property Consultants 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: 3951 Cottonwood Lakes Blvd., Thornton
Property Description: 61,454-sf charter school, YOC 2003, 2008, block, 36 standard classrooms, 8,946-sf gymnasium, with soccer and baseball field, indoor audio included with nine classrooms set up with Smart Projectors, 750 students maximum.
Land Size: 7.11 acres
Sales Price: $11.7M, or $190.39 per sf
Reception No.: 2016000058293
Closing Date: 7/20
Grantor: Stargate Foundation, Apryl Sweat, president, 303-450-3936
Grantee: Frassati Catholic Academy, Keith A. Parsons, CFO & board member
Financing: $11.7M payable to Cobiz Public Finance Inc.
Comments: The school was founded in 1860 in Nashville and its corporate office is in Spring, TX. It is affiliated with the Catholic Archdiocese of Denver. The property is located at the northwest corner of Cottonwood Lakes Blvd. & Colorado Blvd. The school has catered to kindergarten through middle school. The seller is relocating to its campus at E. 144th Ave. & Washington. The contact information for Keith A. Parsons is 303-715-3215.
Property Location: 4550 Main St., SEC Vrain St. & Main St., Westminster
Property Description: 15,200-sf retail center, YOC 2016
Land Size: 38,146 sf
Sales Price: $8.2M, or $537.15 per sf
Reception No.: 2016000057734
Closing Date: 7/20
Grantor: CP Bradburn Village West LLC, Mark Falcone, CEO, & Roger Pecsok, development director, of Continuum Partners, 303-573-0050
Grantee: GKT Bradburn Village LLC by: TKG Management,
Maly R. Otto, 573-449-8323, Columbia, MI, 65203
Comments: The Bradburn Village West retail center opened spring 2016. Tenants include: Zoes Kitchen, 2,800 sf; Supercuts, 1,200 sf; Spavia Day Spa, 2,800 sf; Chuck & Dons, pet supply store, 3,300 sf; Banfield Veterinary, 3,000 sf.
Property Location: 5285 Fox St., Denver
Property Description: 38,853-sf warehouse, YOC 1982, precast panel
Land Size: 1.51 acres
Sales Price: $3.7M, or $95.23 per sf
Reception No.: 2016000058265
Closing Date: 7/20
Grantor: 5285 Fox LLC, Larry E. Haack, member
Grantee: Hunt Family Partnership LLLP, Anna Marie Hunt & Bernadette L. O’Donnell, general partners, 303-297-8600
Financing: $785,000 payable to Wells Fargo Bank NA, SBA loan, due 7-20-41
Comments: Buyer’s company, Amen Packaging Inc., plans to move into the building in a few months.
Arapahoe County
Property Location: SEC S. Birch St. & Leetsdale Dr., 320 S. Birch St., Glendale
Property Description: 4,564-sf building to be removed, land value
Land Size: 2.1 acres
Sales Price: $3.7M, or $41.15 per sf
Reception No.: D6073774
Closing Date: 7/11
Grantor: 320 S. Birch LLC, Katherine L. Cersonsky Ellman, manager, Steven Gross Trust, Birch Investors LLC, Jeffrey Cohen, manager, and Jack D. Feuer
Grantee: Leetsdale & Birch LLC c/o Edgemark Development LLC, 303-571-4650,
Richard M. Sapkin & Brad A. McNealy
Financing: $11.2M, payable to Guaranty Bank & Trust
Comments: The buyer is in the process of replatting the site into three parcels. The first parcel is will be a 4-story, 90,000-sf self-storage facility containing 700 units. The second parcel will be used as a parking lot, while the third site containing 32,000 sf is listed for sale at $1.5M, or $46.88 per sf. It is also available for ground lease at $120,000 per year triple net. The property is listed with Emily Klimas, 303-370-7475, of SullivanHayes Brokerage.
Property Location: 2600 S. Parker Road, Aurora
Property Description: 20,267-sf, seven 3-story office buildings, YOC 1975
Land Size: 4.45 acres
Sales Price: $3.3M, or $27.44 per sf
Reception No.: D6076012
Closing Date: 7/15
Grantor: NetREIT Inc., Grant Harbert, CFO
Grantee: DMC CO1 LLC, Mark McEwen, manager
Comments: Property was listed by Eric Gold & Mary Jo Cumming, 303-741-2500, of Sheldon-Gold REalty. According to the most recent brochure, the existing NOI is $241,814, equating to 60% occupancy.
Property Location: 13280 E. Mississippi Ave., Aurora, “Bud’s Warehouse”
Property Description: 51,590-sf warehouse, YOC 1985, block
Land Size: 1.2 acres
Sales Price: $2.7M, or $51.97 per sf
Reception No.: D6076271
Closing Date: 7/14
Grantor: 13280 Pacific LLC, Trong B. Lam, manager
Grantee: Belay Enterprises Inc., Bruce Porter, president, 303-296-3990
Financing: $2M, payable to RSF Social Investment Funds Inc.
Comments: Buyer to move into this building
Property Location: 4509-4545 S. Broadway, Englewood, “Ace Hardware Building”
Property Description: 10,879 sf, YOC 1954, block; 4,850-sf retail building, YOC 1957, masonry, total of 15,729 sf in two buildings
Land Size: 34,543 sf
Sales Price: $2.6M, or $165.30 per sf
Reception No.: D6073231
Closing Date: 7/7
Grantor: IH Holdings Two LLC, Hugo Weinberger & Ilan Reissner, managers
Grantee: O1 LLC, Melinda Quiat, manager, 303-759-1000
Financing: $1.6M, payable to Guaranty Bank & Trust
Comments: See APN: 2077-10-2-17-015, 016, 017. Rob Edwards & Tom Ethington of Pinnacle Real Estate Advisors listed the property. The seller invested over $250,000 since October 2014, including replacing the roofs, replacing and re-striping the parking lot. There is approximately 8.5 years remaining on the lease. Seller’s company is Situs Real Estate, 303-789-3030. The property sold on an in-place 6.5% cap rate, not considering vacancy or reserves.
Property Location: 10639 E. Briarwood Ave., Centennial, “Arapahoe Shoppes”
Property Description: 12,768-sf strip center, YOC 2007, block
Land Size: 34,543sf
Sales Price: $2.5M, or $165.30 per sf
Reception No.: D6077672
Closing Date: 7/19
Grantor: Arapahoe Center LLLP, Valerian Uhrich, partner
Grantee: Frozen Inc., Joseph Sekrieh, president, 303-388-8393
Financing: $1.5M, payable to MidFirst Bank, due 7-19-26
Comments: See APN: See www.frozen.com. The property was last listed for lease by Tom DiGregorio, 719-491-1111, or tom@axiore.com. There are spaces for lease, including a 2,200-sf restaurant space with a fire pit, two hoods, grease trap and high-end finish.
Property Location: 1660 W. Girard Ave., Sheridan
Property Description: 15-unit apartment with four buildings, 8,576 sf, YOC 1945, brick
Land Size: 31,363 sf
Sales Price: $1.3M, or $86,133 per door, or $150.65 per sf
Reception No.: D6073231
Closing Date: 7/13
Grantor: Girard Court LLC, William S. Martin, manager
Grantee: Girard Group LLC, Barbara Currie & Sheldon Spiegelman, members
Financing: $969,000 payable to First National Bank
Comments: Listed by Re/Max Professionals, Lori Abbey, 720- 840-4984. This building contains 14 one-bedroom units @ 595 sf and one two-bedroom unit @ 990 sf. There are 20 parking spaces. Barbara Currie of The Genesee Commercial Group, 303-980-0500, represented the buyer.
Property Location: 2909 S. Shoshone St., Englewood
Property Description: 10,086-sf, 2-story warehouse, YOC 1971, twin tee
Land Size: 11,021 sf
Sales Price: $653,600, or $5.32 per sf, land value
Reception No.: D6074720
Closing Date: 7/12
Grantor: Mitchel E. Rhoads
Grantee: 2767 S. Tejon LLC, Alfred John Amato, manager
Financing: Cash from proceeds of 2767 S. Tejon St., dated 6-10-16
Comments: Buyer facilitated 1031 exchange from 2767 S. Tejon St., Englewood, for $2.5M. The listing broker was Nick Schill of Pinnacle Real Estate Advisors, 303-962-9562, while the buyer was represented by Pete Foster, 303-962-9548, of Pinnacle Real Estate Advisors LLC.
Property Location: 11101 E. Asbury Ave., Aurora
Property Description: Vacant land. Proposed seven to eight lots plus 2,029-sf home, YOC 1970, brick veneer
Land Size: 2.27 acres
Sales Price: $625,000, or $5.32 per sf, land value
Reception No.: D6073231
Closing Date: 7/7
Grantor: Charles T. Leverett & Kathleen A. Leverett
Grantee: Bruckal Kingston Court LLC, Myles Bruckal, manager
Financing: Cash
Comments: Property was listed by Mike Kboudi & Sam Bell of Cushman & Wakefield, 303-292-3700. See APN: 1973-26-2-01-008. Property had not been subdivided at time of sale.
Broomfield County
Property Location: 1200 Eldorado Blvd., Broomfield
Property Description: Vacant land
Land Size: 25.12 acres
Sales Price: $7.1M, or $6.50 per sf
Reception No.: 2016007635
Closing Date: 6/30
Grantor: CC Interlocken Inc., Elias Vassclaros, executive vice president,
703 Waterford Way, Suite 800, Miami, FL 33126-4677
Grantee: Partners Group Colorado Propco LLC, Scott Egarian, manager, 1660 17th St., Suite 201, Denver
Financing: Cash
Comments: Lot 1, Block 2, Interlocken Filing No. 13 & Lot 3, Block 2, Final Plat of Interlocken Filing No. 6; see 1575-323-09-001 & 1575-323-05-003. Property is located on the southeast side of Eldorado Blvd., approximately 800’ north of Highway 128.
Boulder County
Property Location: 5455 Spine Road, Boulder
Property Description: 28,284-sf warehouse, YOC 1984
Land Size: 1.9 acres
Sales Price: $3.48M, or $123.04 per sf
Reception No.: 03532370
Closing Date: 7/21
Grantor: 5455 Spine LLC & Suzanne Delucia & Eastpark Associates LLP
Grantee: Spine Road Properties LLC, Eric Garfinkel, manager
Financing: Cash
Comments: Finkel & Garf Brewing is the anchor tenant as it occupies 5,385 sf. It moved into the space in 2014
Property Location: N/S of Quail Road, ½ mile east of S. Main St., Longmont
Property Description: Vacant residential lots
Land Size: 92 residential lots
Sales Price: $2.5M, or $27,285 per lot
Reception No.: 03532231
Closing Date: 7/20
Grantor: Longmont Quail Road LP, Andrew R. Klein & Otis C. Moore III, manager
Grantee: Oakwood Homes LLC, Robert J. Sanderman, executive vice president
Comments: Lots 1-10, Block 2; Lots 12-14, Block 6; Lots 1-19, Block 7; Lots 1-20 Block 8; Lots 7-21, Block 11; Lots 1-9 & Lots 21-36, Block 13, Harvest Junction Village, city of Longmont. See plat 03462739.
Property Location: 1330 Main St., Longmont
Property Description: 24,284-sf warehouse, YOC 1964
Land Size: 1.86 acres
Sales Price: $2M, or $84.42 per sf
Reception No.: 03531815
Closing Date: 7/19
Grantor: 1270 Boston LLC, O.J. Pratt, manager, 303-772-7676
Grantee: 1330 Main LLC, Josey Conn, manager, 720-340-4292
Financing: $1.63M, payable to Rawlins National Bank
Comments: Neighbor across the street purchased this property
Property Location: 280 S. Taylor Ave., Louisville
Property Description: 16,800-sf warehouse, YOC 1996, concrete panel
Land Size: 1.56 acres
Sales Price: $1.8M, or $108.93 per sf
Reception No.: 03531201
Closing Date: 7/19
Grantor: D4J Enterprises LLC, Daniel H. Stiehr, manager
Grantee: 280 Taylor-CTC, Michael & Kyle Wente, managers
Financing: $1.67M, due 1-15-17, payable to AmFirst Bank
Comments: Buyer occupies space in Suite 200.
Property Location: 439 Coffman St., Longmont, “Howe Mortuary”
Property Description: 14,091-sf mortuary, YOC 2013
Land Size: 21,942 sf
Sales Price: $1.8M, or $127.74 per sf
Reception No.: 03530968
Closing Date: 7/15
Grantor: GWH Land Management LLC, Geoffrey W. Howe, manager
Grantee: Allnutt Funeral Homes Inc., Richard D. Allnutt, president, 970-352-3366
Financing: $1.44M, payable to Great Western Bank; $1.26M, @ 5.5% payable to the seller at $9.36M, per month, fully amortizing over 210 months
Comments: Susan Hughes and Rick Allnutt acquired the Howe Mortuary & Cremation Services in Longmont. Geoff Howe will continue to serve as funeral director. It is unknown if the stated price included the business or just the building.
Denver County
Property Location: 3001 Fox St., Denver, “Diamond at Prospect Apartments”
Property Description: 140-unit, 4-story apartment complex, 123,064 sf, YOC 2005, 64 one-bedroom units, six two-bedroom/one-bath units, 63 two-bedroom/two-bath units and seven three-bedroom/two-bath units.
Land Size: 2.21 acres
Sales Price: $20.5M, or $146,429 per door
Reception No.: 2016092476
Closing Date: 7/12
Grantor: MS Reserve Prospect Limited Partnership Company, by: Security Properties, Madrona Ridge, Christopher Koegel, VP, 206-787-8481
Grantee: BMY Diamond LLC, et al., c/o Hamilton Zanze &Company, Kurt Houtkooper, chief investment officer
Financing: $12.3M, payable to CBRE Multifamily Capital
Comments: The seller is based out of Seattle, Washington, 206-787-8481, www.madronaridgellc.com . 70% of the units are affordable housing based on 50% to 60% area median income. The property was listed and sold by the CBRE Inc. Affordable Housing Team out of Seattle coupled with the CBRE Multifamily team in Denver. There are 42 units that are at market rent and rent as follows: The one-bedroom units range from 695 sf to 735 sf and start at $1,425 per month, two-bedroom/one-bath model is 880 sf and rental rates start at $1,721 per month, the two-bedroom/two-bath units range from 922 sf to 993 sf and rents start at $1,889 per month, and the three-bedrooms/two-bath units contain 1,258 sf and rent for $2,450 per month.
Property Location: 4400 E. Mississippi Ave., Denver, “Peregrine Place Apartments”
Property Description: 65-unit, 4-story apartment complex, 55,482 sf, YOC 2014, brick
Land Size: 1.65 acres
Sales Price: $17.1M, or $263,076 per door, or $308.21 per sf
Reception No.: 2016069309
Closing Date: 5/26
Grantor: Peregrine Place, Charles Bailey, manager, 303-884-1021
Grantee: Peregrine Place Apartments LLC & Washington Street Townhomes LLC, Robert J. Alexander, president of Mountain Capital Group
Financing: $11M, payable to JPMorgan Chase Bank, due 6-1-46
Comments: The studio units, three floor plans, range from 588 sf to 652 sf. The one-bedroom units, two floor plans, range from 522 to 609 sf, the two-bedroom two-bath units, three floor plans, range from 919 sf to 1,061 sf. Buyer’s website is www.mountaincapitalgroup.com. This property was an exchange from 901 Washington St., Denver, which Justin Hunt of ARA, a Newmark Company negotiated.
Property Location: 725 W. 39th Ave., Denver
Property Description: 13,332-sf warehouse, YOC 1955
Land Size: 123,233 sf
Sales Price: $6.8M, or $55.18 per sf, land value
Reception No.: 2016093811
Closing Date: 7/15
Grantor: Munroe Investment Company LLC, Vicki Munroe, manager
Grantee: 725 W. 39th LLC, John W. Zakhem, manager, 303-898-7788
Financing: Cash
Comments: See APN: 02223-27-013, the property is located on the north side of W. 39th Ave. @ the north terminus of Galapago St. & west terminus of W. 40th Ave. Buyer’s real estate company is Zakhem Real Estate Group, 303-532-5500, or zakhemrealestate.com. Mike Zakhem’s contact information is 720-341-7111, or email at: mzakhem@zakhemgroup.com. The buyer may offer the vacant warehouse on a short-term lease until a decision is made to the highest and best use of the site. Buyer represented itself in this transaction.
Property Location: 1201-1225 Cherokee St., Denver, “Dulce Vida Restaurant”
Property Description: 2,840-sf restaurant, YOC 1962, brick, & parking lot
Land Size: 25,915 sf
Sales Price: $4.54M, or $175 per sf
Reception No.: 2016092278
Closing Date: 7/12
Grantor: Zuni Capital Management LLC, Trevor Pettennude, manager, 303-623-3290
Grantee: Arapahoe & Lima LLC, 22%; 1680 Broadway LLC, 49.33%; and Lulu’s Plaza’s LLC, 28.67%. Panayes J. Dikeou, manager for all three LLCs, 303-825-9192
Financing: Cash
Comments: See APN: 05033-06-026, 027, 028, 029, 030. Dulce Vida opened at this location in March 2014 and replaced the Cherokee Grill.
Property Location: 2400 W. Seventh Ave., Denver, “Paddock Imports”
Property Description: 24,083-sf warehouse, YOC 1954, brick, with three drive-in doors and fenced extra-large storage yard.
Land Size: 1.39 acres
Sales Price: $2.6M, or $108.58 per sf
Reception No.: 2016092539
Closing Date: 7/13
Grantor: 2400 W. 7th Partners LLC, Edwin G. Anderson III, manager, 303-205-6760
Grantee: DMCAT LLC, Douglas T. Paddock, manager
Financing: $1.74M, payable to Vectra Bank, due 7/1/21; $215,000, 1%, due 7-1-21, payable to seller
Comments: Owner-occupant. The buyer has been a tenant in the building since February and purchased the building from the landlord. The seller purchased the building in December 2014 for $1.79M, or $74.22 per sf. Seller’s company is Connexion Asset Group, 303-205-6700.
Property Location: NEC Salida Way & E. 61st Ave., Denver, “TOD site”
Property Description: Vacant land, 218-unit apartment complex with 3-story buildings and tuck-under parking to be developed toward the end of 2016
Land Size: 6.52 acres
Sales Price: $2.2M, or $7.75 per sf, or $10,092 per buildable unit
Reception No.: 2016093136
Closing Date: 7/14
Grantor: Rail Stop LLC, Marcia Lewan, manager, 303-295-3071
Grantee: MGL Pena Station LLC, Lisa Mullins, Greg Glade & Mike Gerber, managers
Comments: The buyer is a developer in the Denver real estate market and has constructed a 156-unit apartment, “Amaranth,” in Denver; 1,200 units of affordable housing in Colorado and has a ground lease on a 19-acre site one block from the Fitzsimons Life Science District. The buyer can be reached at 303-892-6600, or www.mglpartners.com. The zoning is S-MX-8A and the light-rail station is one block west of the subject property.
Property Location: 860 Broadway, Denver
Property Description: 9,342-sf two-story retail building, YOC 1922, masonry
Land Size: 9,385 sf
Sales Price: $1.67M, or $178.23 per sf
Reception No.: 2016069845
Closing Date: 5/27
Grantor: Walla Family LLC, Dennis R. Walla, manager
Grantee: 860 Broadway LLC, Ari Stutz, manager, 2660 Walnut St., Denver 80205
Financing: $2.24M, payable to Northstar Bank of Colorado, due 5-26-2019, construction loan
Comments: Buyer is a commercial real estate broker with Downtown Property Services LLC, 303-292-3193, or ari@dpsdenver.com . He is located at 2660 Walnut St., which he has renovated and is leasing space for $30 per sf. The tenants include Bicycle Doctor & Edgeworks. The transaction was negotiated by NAI Shames Makovsky, Todd Snyder, 720-881-7533. Brochure shows 9,450 sf.
Property Location: 700 E. Ninth Ave., Denver
Property Description: 8,457-sf, 2-story office building, YOC 1938, brick
Land Size: 9,375 sf
Sales Price: $1.65M, or $178.23 per sf
Reception No.: 2016069845
Closing Date: 6/2
Grantor: Nautilus Consulate LLC, J. Thomas Wilson, manager
Grantee: Broadway 460 LLC, Aaron Westphal, Jacob Vanderslice & Wade Buxton, managers
Financing: $1.35M, payable to Guaranty Bank & Trust
Comments: This sale was the downleg of the 1031 exchange for the buyer along with 2200-2220 California for $3M, as it sold 460-470 Broadway for $4.93M. The building is listed on the National Register of Historical Places and was designed by Jacques Benedict.
Property Location: 1875-1885 S. Ogden St., Denver
Property Description: 16,906-sf, 2-story church, 14,368-sf church building & 2,538-sf preschool building, brick, YOC 1951
Land Size: 21,750 sf
Sales Price: $1.85M, or $109.43 per sf
Reception No.: 2016096626
Closing Date: 7/20
Grantor: Jewel Christian Reformed Church, Carol Kaiser, president
Grantee: 1885 South Ogden LLC, Nicole & Michael Cardoza, managers, 303-733-5437
Financing: $1.93M, payable to Midwest Regional Bank
Comments: Lots 25-31, Block 63, Stebbins Heights. This property will be used for Martin School of Early Education and was sold by Todd Whittaker of Service Inc., 303-794-8600.
Property Location: 4300 E. Eighth Ave., Denver
Property Description: 1,980-sf retail building, YOC 1948,
Land Size: 18,750 sf
Sales Price: $1.25M, or $56.67 per sf, land value
Reception No.: 2016095320
Closing Date: 7/18
Grantor: M&N Company LLC, Gary Newcomb, manager, 303-777-2692
Grantee: 8th and Bellaire Properties LLC, Aaron Lapedis, manager, 303-324-3060
Financing: $1.1M, @ 4.5% due 7-20-17, payable to Alpine Bank
Comments: Buyer is famous collector and author of “Garage Sale Millionaire.” Subway occupies approximately 980 sf, while the frozen yogurt shop no longer occupies the adjoining 1,000 sf. The property is located on the southeast corner of E. Eighth Ave. & Bellaire St. and is zoned E-MS-2. Building will be leveled in six months. The owner will offer a six-month lease @ $1,800 per month gross for 1,000 sf.
Property Location: 2510 Welton St., Denver
Property Description: Vacant land, zoning is C-MX-8
Land Size: 12,575 sf
Sales Price: $1.15M, or $91.45 per sf
Reception No.: 2016097067
Closing Date: 7/22
Grantor: 2GE Welton LLC, Gayor A. Geller, manager
Grantee: 2510 Welton LLC, Nickole Lindemann, manager, 303-606-7842, 1660 17th, Suite 300, Denver 80202
Comments: Work has commenced on the property located at at the south corner of 26th St. & Welton St., which includes an 8-story, 130-unit apartment building plus 15,300 sf of office space and 9,266 sf of retail space. Paul Books of Palisade Partners purchased the 25,100 sf for $800,000, or $31.87 per sf, April 14, 2014, and then subsequently purchased one lot containing 3,138 sf for $234,375, or $74.70 per sf, Aug. 6, 2014. The total assemblage equated to $1.03M, or $36.80 per sf. This property is approximately 50’ northeast of 2510 Welton St. See 2016071855.
Property Location: 1900 W. 46th Ave. & 1919 W. 46th Ave., Denver
Property Description: 1,543-sf house, YOC 1955, brick, & vacant lot
Land Size: 12,750 sf
Sales Price: $1.01M, or $79.22 per sf, land value
Reception No.: 2016095857
Closing Date: 7/20
Grantor: 1334 Development Group, Andrew P. Kemler, manager
Grantee: 46th Ave. Partners LLC, Myles Goldman, member, 303-619-5983
Financing: $650,000 @ 4.5% due 7-20-17, payable to FirstBank
Comments: Myles Goldman represented himself, broker associate with Your Castle Real Estate, 303-962-4272. The property is located on the north side of W. 46th Ave., approximately 75’ west of Shoshone St., and is zoned U-MS-2.
Property Location: 2820-2822 E. 17th Ave., Denver
Property Description: 2,800-sf, 2-story retail building plus 2,000 sf in basement, YOC 1907, brick
Land Size: 3,000 sf
Sales Price: $880,000, or $314.29 per sf
Reception No.: 2016096928
Closing Date: 7/22
Grantor: William M. Thach Jr.
Grantee: Alexander Chambers Gallery LLC
Financing: $680,000, due 8-1-2020 @ 6% amortized over 15 years, due Aug. 1, 2020, payable to grantor in monthly payments of $5.74M
Comments: Property was listed by Casey Grosscope, 303-260-4224, and John Gustafson, 303-260-4258, of Newmark Grubb Knight Frank for $995,000.
Property Location: 1280 Grant St., Denver, “Domino’s Pizza”
Property Description: 2,254-sf restaurant, YOC 1968, masonry
Land Size: 6,300 sf
Sales Price: $780,000, or $346.05 per sf
Reception No.: 2016095956
Closing Date: 7/20
Grantor: Kiodi LLC, Jeffrey D. Litman, manager
Grantee: Mountainside Property LLC, Brent Hamill, manager
Comments: Owner-occupant. The buyer has been a tenant in the building and has the Domino’s franchise.
Douglas County
Property Location: 18366 Lincoln Ave., Parker, “Lincoln Meadows”
Property Description: 10,010-sf, four-tenant retail center, YOC 2006, masonry, 90 parking spaces
Land Size: 1.75 acres
Sales Price: $2.95M, or $108.58 per sf
Reception No.: 2016045500
Closing Date: 7/12
Grantor: Lincoln Meadows LLC, Bradley P. Brooks, manager and president of Sidford Capital LLC
Grantee: Parker Meadows LLC, Ashkar’s Children’s LLC
Comments: This property was listed and sold by Cory Gross of Marcus & Millichap, 303-328-2000. Expenses are $11 per square foot, which includes real estate taxes, insurance, CAM charges and management fee. The in-place cap rate is 7.49%, which does not include vacancy or reserves. Opa Grill occupies 2,540 sf, Sport Clips has 1,300 sf, The Nail Saloon contains 1,200 sf, Jersey Mike’s is 1,400 sf, Pho Vy has 2,370 sf and Jiu Jitsu has 1,200 sf, with an average triple-net lease rate of $21.90 per square foot.
Property Location: SWC W. County Line Road & Erickson Blvd. Littleton,
Douglas County
Property Description: Vacant land, 116-room Marriott Residence Inn proposed
Land Size: 104,647 sf
Sales Price: $1.99M, or $19 per sf, or $17,138 per buildable room
Reception No.: 2016047342
Closing Date: 7/18
Grantor: LC West LLC c/o Province Group, Mark J. Kerslake, manager, 949-553-4800
Grantee: CIP 2014/PC RIL Hotel LLC, c/o Propel Companies, 210-446-3180,
425 Soledad, 4th floor, San Antonio, TX
Comments: Scottie McIntyre is the acquisitions person for Propel Companies. The hotel will have 117 parking spaces, including five handicapped spaces. The building will contain 80,110 sf with 4 stories.
Property Location: SE/S Cabela Dr., 341‘ southwest of Ridgegate, Lone Tree
Property Description: Vacant land
Land Size: 3.31 acres
Sales Price: $2.5M, or $17.25 per sf, or $20,561 per buildable room
Reception No: 2016004856
Closing Date: 1/26
Grantor: Ridgegate Investments Inc., Keith D. Simon, 720-279-2581
Grantee: Park Meadows TPP LLC, Brent Adcock, 210-446-3180, San Antonio, TX
Comments: See Lot 3, RidgeGate Filing No. 18. Use restriction calls for the construction of a Marriott TownePlace Suites, extended-stay hotel. Hans Lindberg is president of the Propel Companies. The proposed 121-room Marriott TownePlace Suites contains 72,562 sf and is expected to open in mid-July, 2016. The 4-story building footprint contains 18,860 sf with 138 parking spaces provided.
Jefferson County
Property Location: 3705 Kipling St., Wheat Ridge
Property Description: 14,188-sf garden-style office building, two levels, YOC 1974, brick and stone facade
Land Size: 26,000 sf
Sales Price: $1.1M, or $77.53 per sf
Reception No.: 2016064091
Closing Date: 7/1
Grantor: Gaybil-Jerfre Ltd., Frederick J. Hughes & William D. Gunn, members, Evergreen, 303-918-8863
Grantee: CK93 LLC, Kevin P. Krupka, manager, 720-974-1702, direct, 303-420-4774
Financing: $1M payable to grantor
Comments: There are 39 parking spaces and quoted lease rates are $10.50 RSF, full-service with some spaces upgraded and newly remodeled. The buyer has been a tenant in the building for several years.
