CBD office tower sells for $67.2 million
Denver County Address: 1660 Lincoln St., Denver Improvements: 284,610-sf, 31-story office building, YOC 1972, renovated several times since then, including in 2016 Land Size: 33,244 sf Date of Recording: 3/13 Reception No.: 2018030017 Price: $67.2M, or $236.12 psf Grantor: UPI 1660 Lincoln LLC, c/o Unico Properties LLC Grantee: 1660 Lincoln St. Propery LLC, c/o Westport Capital Partners LLC,…
John Winslow
April 26, 2018
Florida turf farms group acquires 533-acre Brighton turf farm for $2M
Adams County Address or Location: Northeast corner Hayesmount Road & E. 152ndAve., Brighton Improvements: Vacant land with 4,508-sf farm building, YOC 1942 Land Size: 533.36 acres Date of Recording: 3/28 Reception No.: 2018000036538 Price: $2M, or $3,750 per acre Grantor: Marvin & Diane Kremer, c/o Kremer’s Turf Farm, 303-659-1982 Grantee: Brighton Turf Farm LLC, c/o Woerner Holdings, Lester Woerner,…
John Winslow
April 25, 2018
Castle Rock day care sells for $5.3 million
Douglas County Location: 3760 Dacoro Lane, Castle Rock Improvements: 16,428-sf day care center, YOC 2014, masonry Land Size: 2.348 acres Date of Recording: 3/30 Reception No.: 2018 Price: $5.3M, or $322.62 psf Grantor: Kelpaul Rock LLC, Lawrence Paulson, mgr., 832-717-0808 Grantee: 2WMWPC Eat LLC, Mary Pettyjohn, mgr., 5501 LBJ Freeway, Suite 200, Dallas, TX 75240 Comments: The sellers…
John Winslow
April 24, 2018
Chick-Fil-A plans to open new restaurant in Castle Rock Promenade Center
Douglas County Location: W/S Promenade Parkway, south of Castle Rock Parkway, Castle Rock Improvements: Restaurant pad site Land Size: 45,463 sf Date of Recording: 4/10 Reception No.: 2018021145 Price: $1.3M, or $28.59 psf Grantor: Buffalo Juniper LLC Grantee: Chick-Fil-A Inc. Financing: Cash Comments: See file plat of Lot 1A-6A, Block 2, Promenade at Castle Rock Filing No. 1, Amendment…
John Winslow
April 23, 2018
Buyer facilitates 1031 exchange with office building in Thornton
Adams County Location: 9351 Grant St., Thornton Improvements: 91,263-sf office building, YOC 1985 Land Size: 1.14 acres Date of Recording: 4/9 Reception No.: 2018000028658 Price: $9.08M, or $99.44 psf Grantor: Horizon Terrace LLC, c/o Global Pacific Properties Inc. 5161 E. Arapahoe Road, Suite 320, Centennial 80122, attn: Michael S. Law, pres. Grantee: 1641 California LLC (30.52%) & 9351…
John Winslow
April 20, 2018
Indiana industrial developer snags 38.81 acres in Commerce City
Adams County Location: Vicinity of NEC Buckley Road & East 81stAvenue, Commerce City Improvements: Vacant Industrial Land Land Size: 38.81 acres Date of Recording: 4/4 Reception No.: 2018040286 Price: $5.82M, or $3.44 psf Grantor: DIA Tech Center LLC, C.H. Thompson Company LLC, Christopher H. Thompson, mgr. Grantee: 8251 Quintero Street Colorado Becknell Investors LLC, 2750 E. 146thSt., Suite 200,…
John Winslow
April 19, 2018
Douglas County office/medical building sells for $5.45 million
Douglas County Location: 9570 Kingston Court, Englewood Improvements: 33,204-sf, three-story office building, YOC 2002, masonry Land Size: 2.30 acres Date of Recording: 4/12 Reception No.: 2018021700 Price: $5.45M, or $164.14 psf Grantor: LTP Land Ventures LLC, Lloyd Herrera, mgr. Grantee: CLC Eagle Pointe Holdings LLC, c/o Christian Living Communities, Terry Rogers, CEO, 720-606-2440 Financing: $4.45M payable to Guaranty…
John Winslow
April 18, 2018
Rare ground lease investment yields 5 percent cap rate
Arapahoe County Property Location: 21800 E. Quincy Ave., Aurora, “corporate-backed land lease” Property Description: 5,520-sf convenience store, YOC 2017 Land Size: 70,810 sf Sales Price: $2.36M, or $33.33 per square foot of land Reception No.: D8031340 Closing Date: 3/30 Grantor: Copperleaf Commercial Investors LLC, Daniel Frank, mgr. Grantee: Narani Elaheh Sharifi & Saffarian Nasser Comments: The APN is: 2073-12-2-12-003. This is…
John Winslow
April 13, 2018
Bluerock draws first Colorado acquisition with Castle Rock apartments
Douglas County Property Location: 1100 Plum Creek Parkway, Castle Rock Property Description: 264-unit apartment complex w/11 three-story buildings plus 4,118-sf clubhouse, total of 252,276 sf rentable area; YOC 1999, brick/frame Land Size: 11.34 acres Density: 23.28 d/u per acre Sales Price: $61.1M, or $231,439 per unit, or $242.20 psf Reception No.: 2018017419 Closing Date: 3/26 Grantor: Social Links Inc., c/o…
John Winslow
April 12, 2018
Firm acquires 390-unit Denver apartment for $128.7 million
Denver County Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments” Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. The rental rates range from $2.05 to $2.71 per sf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463…
John Winslow
April 11, 2018
