Denver County
Property Location: 3740 Sheridan Blvd., Denver
Property Description: 17,187-sf retail building, YOC 1997 (land value)
Land Size: 49,749 sf
Sales Price: $3.99M, or $101.95 per sf (land value)
Reception No.: 2016082970
Closing Date: 6/23
Grantor: 3740 Sheridan Blvd LLC, Trevor Tice, mgr.
Grantee: CVS 10784 CO LLC, David Denton, EVP, 401-765-1500, Woonsocket, RI
Financing: Cash
Comments: Located on the southeast corner of West 38th Avenue & Sheridan Boulevard. The seller purchased this property in August 2014 for $2.85M. Buyer will construct new CVS Pharmacy/retail store. Developer T.M. Crowley, based out of Indianapolis, will construct a 14,700-sf CVS store, including 65 parking spaces. CVS 10831 CO LLC purchased three office buildings located at 3515-3525-3545 S. Tamarac Drive (southwest corner of East Hampden Avenue & South Tamarac Drive, containing three parcels totaling 85,545 sf) for $6.28M, or $73.41 per sf, Nov. 30, 2015; see deed recorded via Reception No. 2015165582 for the first site.
Comp of the Day is provided by John V. Winslow, president of WinComps LLC. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
