Republic Park snagged by Greenwood Village investor for $10.8 million

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Arapahoe County

Address or Location: 9250 E. Costilla Ave., Greenwood Village, “Republic Park”

Improvements: 91,098-sf, six-story office building, YOC 1983, brick, renovated in 1992, with common area renovated in 2015

Land Size: 4.1 acres

Date of Recording: 7/19

Reception No.: D7083126

Price: $10.8M, or $118.55 psf

Grantor: LNC Investments LLC, Richard Q. Latham, mgr.

Grantee: Clinton-Costilla Center LLC (KORE Investments LLC, Jack Kim, pres.),

6500 S. Quebec St., Suite 300, Greenwood Village, 303-779-8201

Financing: Assumption of $6.95M note dated 7-2-2013 by KeyBank, NA

Comments: Seller is c/o RQL Investments, 4704 Harlan St., Suite 685, Denver. Property was listed by Monica Wiley and Dave Buck of CBRE for $12.49M. There are 288 parking spaces and the APN is: 2075-25-2-15-002. The building enjoys an 96% occupancy. The building was developed by Stan Miles.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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