Arapahoe County
Property Location: 10110 E. Dry Creek Rd., Englewood, “Eddie Merlot’s”
Property Description: 10,749-sf restaurant, YOC 2015, masonry construction
Land Size: 1.26 acres
Sales Price: $5.7M, or $530.26 per sf
Reception No.: D6059598
Closing Date: 6/17
Grantor: BDFIF IV Eddie Merlot’s Englewood LLC by: Baceline Investments LLC, David C. Puchi, mgr., 303-615-9544
Grantee: 11411 Limited LLLP, Uhrich Family Trust, partner, Castle Rock
Comments: Cash transaction. The was sold June 17 by Riki Hashimoto and Dan Grooters of NGKF Capital Markets. The investment was based on a 7.65% in-place cap rate, with a 15-year lease. See APN: 2075-34-1-40-003. The developer/seller purchased the land for $1.04M, or $18.95 per sf, in July 2014. There is a joint use parking agreement for this property; see Reception No. D4064520, dated July 18, 2014. Eddie Merlot’s specializes in prime aged beef and seafood and has locations in Arizona, Colorado, Illinois, Indiana, Kentucky, Michigan, Ohio and Pennsylvania with its newest location in Scottsdale, Arizona.
Comp of the Day is provided by 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.
