Winslow Report 8-17-16

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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 WinComps LLC 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: 4451 Main St., Westminster, “Whole Foods”

Property Description: 35,708-sf free-standing retail building, YOC 2014, masonry

Land Size: 3.4 acres

Sales Price: $12.7M, or $354.22

Reception No.: 2016000057716

Closing Date: 7/14

Grantor: CP Bradburn WF LLC, Mark G. Falcone, manager, 303-573-0050

Grantee: GKT Bradburn Village LLC by: TKG Management, The Kroenke Group, 573-445-3769, 211 N. Stadium Blvd., Suite 201, Columbia, MO 65203

Financing: Cash

Comments: See memorandum of lease executed May 3, 2013, between Bradburn Northern Associates LLC and Whole Foods Rocky Mountain LP, Will Paradise, president of Rocky Mountain Region. The property is located near the southeast corner of Vrain St. & W. 120th Ave. The lease has an initial duration of 20 years with six additional terms of five years each. These two transactions occurred on the same day and were recorded on two separate deeds with an aggregate sum of $20.8M.

 

Property Location: 4450 Main St., Westminster, “Village West”

Property Description: 15,208-sf multitenant strip center, YOC 2015, masonry

Land Size: 3.4 acres

Sales Price: $8.2M, or $536.87 per sf

Reception No.: 2016000057716

Closing Date: 7/14

Grantor: CP Bradburn Village West LLC, Mark G. Falcone, manager, 303-573-0050

Grantee: GKT Bradburn Village LLC by: TKG Management, The Kroenke Group, 573-445-3769, 211 N. Stadium Blvd., Suite 201, Columbia, MO 65203

Financing: Cash

Comments: These two transactions occurred on the same day and were recorded on two separate deeds with an aggregate sum of $20.8M.

 

Property Location: 3905 E. 104th Ave., Thornton, “Rite Aid Pharmacy”

Property Description: 13,887-sf free-standing retail building, YOC 1998, masonry

Land Size: 1.7 acres

Sales Price: $3.5M, or $254.77 per sf

Reception No.: 2016000056567

Closing Date: 7/14

Grantor: Revesco USA Properties of Thornton LLLP, Rhys Duggan, president, 303-551-7750 or www.revescoproperties.com

Grantee: Angie Eun Jo, Trustee of Angie Eun Jo Revocable Trust

Financing: $1.8M, payable to Wells Fargo Bank, NA, due 7-10-21

Comments: The property was listed by Drew Isaac of Marcus & Millichap. The lease commenced Dec. 11, 1998, and was executed by Thrifty Payless Inc. and the expires Dec. 31, 2020. The tenant has options for eight renewal terms of five years each. The in-place cap rate was 6.6%. Brian Cuje is the EVP and involved in acquisitions and dispositions. The seller purchased this property in May 2015 for $3.1M, or a 7.58% in-place cap rate.

 

Property Location: 915-925 Shari’s Court & 455 Greg’s Place, Bennett

Property Description: 8,864-sf self-storage unit, YOC 1994, metal; 7,680-sf self-storage building, YOC 1996, 3,875-sf self-storage building, YOC 2013; 3,456-sf self-storage building, YOC 1993; 2,880-sf self-storage building, YOC 1993; 2,752-sf, two-story house, YOC 1994; 6,000-sf self-storage, YOC 1996, total 32,755-sf self-storage in six buildings and a 2,752-sf house

Land Size: 3.28 acres

Sales Price: $2.9M, or $81.43 per sf

Reception No.: 2016000054729

Closing Date: 7/11

Grantor: Krock Properties LLC, Chris & Mara Lechman, manager

Grantee: Momentum Bennett LLC, 2955 Valmont Rd., Suite 210, Boulder 80301

Financing: $2.97M, payable to Great Western Bank, due 7-6-21

Comments: The APNs are as follows: 01815-27-4-01-014, 01815-27-4-01-006, 01815-27-4-01-007, 01815-27-4-01-005. The sites are contiguous and the buyer contacts are Jeff Temple, 970-389-0567, and Jamie Temple, 303-875-5325, of Boulder c/o Momentum Development LLC, www.momentumdevco.com.

 

Property Location: 174 S. Main St., Brighton, “Copper Rail Bar & Grill”

Property Description: 10,920-sf restaurant/bar, YOC 1930, brick

Land Size: 19,375 sf

Sales Price: $2.5M

Reception No.: 2016000056864

Closing Date: 7/15

Grantor: Cabbage Investments LLC, Paul Greaves, Gary Plock & Pam Plock, managers

Grantee: Main & Egbert LLC, Eric Williamson, manager, 721 S. 24th Ct., Brighton

Financing: $2.3M, payable to Centennial Bank & Trust

Comments: The new owners purchased the real estate as well as the business. The sports bar can be reached at 303-655-9933 or www.copperrail.com

 

Property Location: Northwest corner Airport Blvd. & E. Colfax Ave.; northeast corner E. Colfax Ave. & Norfolk St., 16631 E. Colfax Ave., Aurora

Property Description: Vacant land

Land Size: 22.8 acres, or $1.76 per sf

Sales Price: $1.75M

Reception No.: 2016000056932

Closing Date: 7/15

Grantor: Perrott Land Company LLLP, Thomas J. Wolf

Grantee: CCBB Land LLC, Todd A. Wilson, manager

Comments: The property lies directly south of the Star K Ranch and the Highline Canal Greenway and east of the Greenway Mobile Home Park.

                                                                                                                            

Property Location: N/S E. 104th Ave., 600’ west of Chambers Rd., Commerce City

Property Description: Vacant land, plan for 3,100-sf KFC restaurant

Land Size: 40,745 sf

Sales Price: $685,000, or $16.81 per sf

Reception No.: 2016000059282

Closing Date: 7/25

Grantor: Shea Chambers 104th LLC, Peter Culshaw, assistant secretary to Shea Properties Management Company Inc.

Grantee: Harman Management Corporation, Travis Gutke, manager, 650-941-5681, or travisg@harmans.com, 199 First St., Suite 212, Los Altos, CA 94022

Financing: Cash

Comments: Property was listed by Scott Crosbie & Rich Otterstetter of Crosbie Real Estate Group, 303-398-2111 or www.creginc. The Reunion Marketplace is anchored by a 124,000-sf King Soopers store, AutoZone, McDonalds & Les Schwab Tire. The site lies directly west of the new AutoZone Store, approximately 600’ west of the Chambers Road intersection with E. 104th Ave.

Arapahoe County

Property Location: 6705 S. Santa Fe Dr., Littleton, “Meadowood Village MHP”

Property Description: 756-sf commercial building, YOC 1969, masonry, & 99-pad mobile home park

Land Size: 17.93 acres

Sales Price: $7.4M, or $74,747 per pad

Reception No.: D6083625

Closing Date: 8/1

Grantor: The Meadowood Corporation, Douglas S. Buck, VP, 3559 N. Summit Ave., Milwaukee, Wisconsin 53211

Grantee: Sunset Colorado LLC, Theodore D. Fouts, manager

1700 Sandstone Dr., Loveland 80537

Financing: $5.2M, payable to First State Bank, Division of Glacier Bank Western Bank, due 8-1-21

Comments: See APN: 2077-20-4-00-060 & 2077-29-1-00-012. Ted Fouts owns River Meadows Mobile Home Community in Montrose, 970-249-8266

 

Property Location: SWC E. 3rd Ave. & Blackhawk Dr., 255 Blackhawk

Property Description: Proposed 139-room, four-story Courtyard Marriott

Land Size: 79,529 sf

Sales Price: $3.6M, or $45.27 per sf

Reception No.: D6084018

Closing Date: 8/2

Grantor: ACMC Midland LLC, Martin A. Campbell & J. Alan Campbell, members

Grantee: 255 Blackhawk Hospitality LLP, Jeff Schaumann, president of Axia Development LLC, 701-478-1500, or cell 701-715-3565, Fargo, ND 58102

Financing: Cash

Comments: Proposed 139-room, four-story Courtyard Marriott. Buyer’s website is www.axiacompanies.com. It is unknown what the price per square foot is but it appears to be higher than usual and other considerations may have occurred in this transaction.

 

Property Location: 3401 S. Broadway, Englewood

Property Description: Vacant land

Land Size: 80,490 sf, see D6083126 for file plat

Sales Price: $1.7M, or $21.12 per sf, or $15,315 per buildable unit

Reception No.: D6083125

Closing Date: 7/28

Grantor: Englewood Urban Renewal Authority, S. Brad Power, executive director

Grantee: Broadway Lofts LLLP, Troy Gladwell, manager, 303-921-3366, Shannon Sperry, 303-961-7705, & Josh Russell, 303-915-7841, c/o Medici Communities

Financing: $18.8M, payable to Wells Fargo Bank NA and Cornerstone Permanent Mortgage Fund III LLC as Permanent Lender, Boston Capital Partners II Corp., Kevin P. Costello, EVP

Comments: Property will be developed by Medici Communities and plans include 11,000-sf retail/commercial space, with 111 one- and two-bedroom apartments within two five-story buildings. The second apartment will face Acoma St. and the ground floor will be used for parking. The 194 parking spaces with the project will be allocated with 58 spaces for resident parking, 38 for local businesses and the remainder will be shared parking with the community. The project has been in the works for nearly two years. The Colorado Housing and Finance Authority Multifamily Housing Revenue Bond is involved with the financing of the Broadway & Acoma Lofts.

 

Property Location: 908 S. Havana St., Aurora, “AutoZone ground lease”

Property Description: 7,381-sf retail building, YOC 2016, masonry

Land Size: 38,940 sf

Sales Price: $1.67M, or $238.59 per sf

Reception No.: D6080487

Closing Date: 7/26

Grantor: Hallie Holdings LLC, Robert C. Gleave, manager

Grantee: AGA Holdings LLC, Michael M. Solondz & Barry S. Solondz, managers, 122 Stewart Dr., Aspen 81611, 970-925-1980

Financing: Cash, 1031 exchange

Comments: Property was listed by Doug Passon, 248-254-3407, Kyle Carson, 248-419-3217, & Rob Bender, 248-254-3406, of Fortis Net Lease. New 15-year ground lease with four five-year options that includes 10% rental increases at option periods two, three and four. There are 32 parking spaces provided with 14,798-sf surface area and 14,648-sf landscaped area. Property is located at the southeast corner of E. Kentucky Ave. & S. Havana St. & southwest corner of S. Iola St. & E. Kentucky Ave. The seller purchased the land on 6-16-2003 for $300,000. The ground lease was executed Nov. 14, 2015, between AutoZone Parts Inc. & Hallie Holdings LLC.

 

Property Location: 6374 S. Racine Cir., Centennial

Property Description: 12,816-sf flex/warehouse building, YOC 1990, masonry

Land Size: 41,552 sf

Sales Price: $1.4M, or $109.24 per sf

Reception No.: D6080487

Closing Date: 8/2

Grantor: SRC Partnership by: Jack Roth Company Inc., Jean Roethlisberger, & Rickmar Properties Inc., Frank A. Piani

Grantee: Castle Rock Construction Company, Ralph Bell, CEO, 303-688-6611

Financing: $1.12M, @ 3% for 10 years with payments of $10,814.80 per month, payable to seller

Comments: Property was sold to the tenant by the landlord.

 

Property Location: 1505 S. Gun Club Road, Aurora

Property Description: Vacant land

Land Size: 76.04 acres

Sales Price: $1.2M, or $15,779 per acre

Reception No.: D6078189

Closing Date: 7/19

Grantor: Gun Club Road LLC

Grantee: Arcadia Holdings 470 LLC c/o Century Communities, 303-770-8300

Financing: Cash

Comments: Buyer owns the 70-acre site at the northeast corner of E-470 & E. Jewell Ave., which abuts this to the south. It purchased this property in 2013 for $1.5M, or $21,429 per acre. Terry Matthews and Art Seiden of Cushman & Wakefield had this property listed since 2007.

 

Property Location: 15795 E. Briarwood Cir., north side of E. Briarwood Circle, approx.. 800’ east of S. Cornerstar Way, directly east of Biondi Diamond Jewelers

Property Description: Vacant land

Land Size: 1.1 acres

Sales Price: $1M, or $20.87 per sf

Reception No.: D6084617

Closing Date: 7/27

Grantor: Blue Wave Express Development II LLC

Grantee: Juan & Maria Luevanos, Aurora, 80016

Financing: $610,000 @ 12%, interest only, due 7/27/18 to Pinetree Financial

Comments: Listed and sold by Mike Lindemann of Newmark Grubb Knight Frank, 303-260-4371. Property is located in the Centennial Corners shopping center. The seller was going to build a 5,202-sf express car wash, Bluewave, prior to selling the property to the Luevanoses.

 

Property Location: 2421 W. Belleview Ave., Littleton

Property Description: 4,854-sf car wash, tunnel car wash, YOC 2005, masonry

Land Size: 1.03 acres

Sales Price: $960,351, or $197.85 per sf

Reception No.: D6084617

Closing Date: 7/27

Grantor: Aquatique Industries, Brent Backman, CEO, 307-734-1480

Grantee: IMO US West LLC, by Boing US HoldCo Inc., Jean Jacquemetton, vice president

Financing: Cash

 

Property Location: 44 Inverness Dr. East, Building C, Englewood

Property Description: 5,477-sf office building, YOC 1980, masonry

Land Size: 6,216 sf plus common area

Sales Price: $850,000, or $155.19 per sf

Reception No.: D6082904

Closing Date: 7/29

Grantor: ROK Enterprises LLC, Robin L. Hobbs & Christopher C. Karl, managers

Grantee: CKT Properties LLC, Peter C. Horswitch, member, 303-848-2449

Financing: SBA loan for $920,000, due 8-5-41, payable to Bank West

Comments: Buyer’s website is www.ck-tek.com and CKT will occupy this building.

Boulder County

Property Location: 3300 Walnut St., Boulder

Property Description: 148,711-sf warehouse, YOC 1967, twin-tee construction

Land Size: 6.65 acres

Sales Price: $10.3M, or $68.91 per sf

Reception No.: 03533997

Closing Date: 8/1

Grantor: 33RD Street LLC, the University of Colorado Real Estate, John M. Shaw, president, University of Colorado Foundation

Grantee: The Regents of the University of Colorado

Comments: Used for Facilities Management, see APN: 1463-294-00-033. This may not be an arms-length transaction.

 

Property Location: 446 S. Francis St., Longmont, “St. Vrain Mobile Home Park”

Property Description: 137-pad mobile home park w/ 860-sf house, YOC 1973

Land Size: 12.91 acres

Sales Price: $9.5M, or $69,853 per pad

Reception No.: 03534336

Closing Date: 6/29

Grantor: Duvernay Family Trust, Jude Duvernay, trustee, & St. Vrain Mobile Home Park Trust, Gloria Pomtier & Howard Pomtier, trustees

Grantee: COLO St. Vrain MHP LLC, Patty Dallas, David H. Reynolds, president of RV Horizons Inc., 800-304-2835

Financing: $15M, payable to Great Western Bank due 8-1-21

Comments: See APN: 1315-090-04-001. The pads in the St. Vrain Mobile Home Park rent for $490 each plus utilities. There are 136 pads plus one pad for the on-site manager. The buyer plans to upgrade the park including landscaping.

 

Property Location: 2205 Central Ave., Boulder

Property Description: 24,000-sf warehouse, YOC 1985, fractured block

Land Size: 2.43 acres

Sales Price: $3.63M, or $151.25 per sf

Reception No.: 03534478

Closing Date: 8/1

Grantor: Boulder Warehouse Association Inc., Kenneth C. Schneider II, president

Grantee: 2205 Central Avenue LLC, Brady Burke & Ryan Shorter, managers, 5454 Conestoga Ct., Boulder 80301

Financing: $2M, payable to Great Western Bank, due 8-5-22

Comments: Brady Burke is president of Burke Builders, 720-627-5364, or www.burkebuildersco.com. FedEx is the tenant. Seller contact is 303-444-0545. Seller acquired the building Oct. 27, 2008, for $3.25M.

 

Property Location: SEC & SWC of Carbonate Cr. & Carbonate Ct., also fronts northwest side of Flatiron Meadows Blvd., Boulder

Property Description: 17 vacant residential lots

Land Size: 180,658 sf

Sales Price: $2.1M, or $122,000 per lot, or $11.48 per sf

Reception No.: 03534438

Closing Date: 7/29

Grantor: HT Flatiron LP by: Hines Interest LP, by: JCH Investments Inc., Mark A. Cover, CEO, Houston, TX

Grantee: Toll Co. LP, 250 Gibraltar Rd., Horsham, PA 19044, 303-708-0730

Financing: Cash

Comments: Lots 1-8, Block 1, Lots 1-9, Block 2, Flatiron Meadows Filing No. 8; see file plat 03529609.

 

Property Location: 385 Broadway, Boulder

Property Description: 5,934-sf free-standing medical office building, YOC 1978, masonry construction with 46 parking spaces

Land Size: 1.03 acres

Sales Price: $1.6M, or $269.63 per sf

Reception No.: 03533795

Closing Date: 7/25

Grantor: 385 Broadway LLC, Matthew Johnke, manager, 303-221-6400

Grantee: GTR Properties LLC, Regan Turner, manager, 303-444-6124

Financing: $1.36M, payable to Bank of the West, SME SBA Lending Division

Comments: See APN: 1577-06-1-02-001. The buyer is a principal with Professional Financial Specialist Inc., www.pfsi.net . Michael-Ryan McCarty, 303-586-5939, of Gibbons-White was the listing broker. The buyer will occupy all or part of the space in the building; the lease is subordinate in the financing of the property.

 

Property Location: 805 Excalibur St., Lafayette, “Justice High Charter School”

Property Description: 9,680-sf school, YOC 1979, stucco

Land Size: 2.62 acres

Sales Price: $1.25M, or $129.13 per sf

Reception No.: 03533438

Closing Date: 7/25

Grantor: Will Cof LLC, Paige W. Cofrin, manager

Grantee: Phoenix Building Corp LLC, Tijani J. “T.J” Cole, manager, 720-277-6480

Comments: Three parcels of land, two vacant, located on the northeast corner of Modred St. & Excalibur St.

 

Property Location: 1697 Coalton Rd., Superior

Property Description: 6,396-sf retail building, YOC 2001

Land Size: 1.33 acres

Sales Price: $1.1M, or $165.10 per sf

Reception No.: 03534000

Closing Date: 7/25

Grantor: Liberty Capital Inc., Joseph Hoskins, senior vice president

Grantee: Superior Liberty LLC, Tuyen Vu & Tran Le, managers

Financing: $1.1M, construction & SBA loan, payable to Seacoast Commerce Bank of San Diego, 92128

Comments: Buyers will relocate their business, Rock Creek Wine & Spirits, to 1697 Coalton Rd. from 1611 Coalton Rd. This property was listed by Cobey Wess, Rhett Strom & Kim Meyer of SVN/Denver Commercial, 970-744-4239. This sale was an REO transaction. Suite A was quoted for lease at $14 per sf & Suite C was quoted at $16 per sf, triple net. The property is anchored by the Safeway store in the Rock Creek Village Shopping Center. Dr. Michael Bailey, DDS, occupies Suite C with a lease that commenced Nov. 20, 2008

 

Property Location: 1445 Main St., Longmont

Property Description: 1,232-sf auto garage, YOC 1957

Land Size: 8,889 sf

Sales Price: $475,000, or $385.55 per sf

Reception No.: 03534567

Closing Date: 7/27

Grantor: Acme Investments LLC, James E. Kreitman, manager

Grantee: M2Y Holdings LLC, Emmanuel Camilo Jose Perez, member, 1401 Main St., Unit A, Longmont 80501

Financing: $312,110, payable to High Plains Bank

Comments: See APN: 1205-34-2-40-001.

 

Denver County

Property Location: 1330 W. Mississippi Ave., Denver, “Mariposa Apartments”

Property Description: 42-unit, four-story walk-up style apartment complex, 25,592 sf, YOC 2071; brick

Land Size: 43,750 sf

Sales Price: $4.5M, or $146,429 per door

Reception No.: 2016098458

Closing Date: 7/26

Grantor: Mariposa Apartments LLC, Jeffrey L. Young, manager

Grantee: ML Bighorn LLC, Eliezer Muller, manager, 1678 Vrain St., Denver, 80204

Financing: $1.8M, payable to JPMorgan Chase Bank, NA, due 8-1-46

Comments: The property was listed by Jim Knowlton, 303-962-9643, Rob Lawson, 303-962-9537, & Chris Knowlton, 303-962-9566, of Pinnacle Real Estate Advisors for $4.6M. Out of the 42 units, 39 have been renovated with new appliances, light fixtures, granite countertops and new floors. There are 33 one-bedroom units @ 650 sf with an average rental rate of $806 per month. The nine two-bedroom, one-bath units @ 800 sf average rent for $1,067 per month. According to the listing broker’s brochure, the expenses are estimated at $2,813 per door but have a pro forma of $3,503 per door, which reflects higher maintenance cost and management cost. With vacancy estimated at 7% and excluding reserves, the cap rate is estimated to be slightly over 7.15%

 

Property Location: 8101-8131-8100-8300 E. 40th Ave., Denver

Property Description: 18,158-sf, two industrial buildings

Land Size: 15.5 acres; 8.43 acres is usable with balance in flood plain

Sales Price: $3.4M, or $5 per sf, land value

Reception No: 2016038083, see exchange 2016098272

Closing Date: 3/24, 7/25

Grantor: Artemis Ventures LLC, by: Murfin Inc., Robert D. Young, president

Grantee: Eat 1602 LLC, Richard L. Levy, intermediary for RAIATEA LLP, c/o Jay Beyer, 4450 Arapahoe Ave., Suite 100, Boulder

Financing: $2M, @ 6% due 4-1-23; $1.4M, payable to Berlind Raiatea LLP

Comments: Brad Gilpin of Unique Properties Inc.-TCN Worldwide was the listing broker while Brit Banks of Dean Callan & Co. represented the buyer. This is a 1031 reverse exchange. County shows the following information: See APN: 01214-00-005, contains a 4,478-sf warehouse with 14-foot-clear warehouse space, YOC 1962 on 31,590 sf of land; 01214-00-004, contains 13,680-sf warehouse, YOC 1973 on 15.4 acres of land. This was an aircraft salvage yard until July 2015.

 

Property Location: 3615 Delgany St., Denver

Property Description: 4,400-sf warehouse, YOC 1978, block

Land Size: 17,625 sf

Sales Price: $2.5M, or $55.18 per sf

Reception No.: 2016098390

Closing Date: 7/19

Grantor: Delganey Shop LLC, Bobby & Eileen Lorimer, manager

Grantee: Delgany Ventures LLC, Lance A. Peterson, manager, 303-688-3130,

333 Perry St., Suite 312, Castle Rock 80104

Financing: $1.66M, payable to Wells Fargo Bank NA, due 7-25-21; second deed of trust: $400,000, payable to Kirkpatrick Bank

Comments: See APN: 02271-08-038; the property is located on the north corner of 36th St. & Delgany St.

 

Douglas County

Property Location: Southeast side of Crowfoot Valley Rd., approximately one mile northeast of Pradera Pkwy. & 600 feet southwest of Richlawn Dr., Parker

Property Description: Vacant land

Land Size: 400 acres

Sales Price: $12M, or $30,000 per acre

Reception No.: 2016051394

Closing Date: 7/26

Grantor: Stroh Ranch Development LLC, Gary L. Hunter, manager

Grantee: HR935 LLC, Christopher Elliott, manager, 303-770-9111,

333 Perry St., Suite 312, Castle Rock 80104

Financing: $13.9M, payable to Trez Capital Corporation, Vancouver, B.C., Canada, V6E, E46, due 7-26-18. Gregory Vorwaller is president, 604-689-0821

Comments: This is part of a 1,536-acre development by the Stroh Ranch Development Group with a total build-out of 3,379 homes and 113 acres of commercial land.

 

Property Location: 9088 S. Ridgeline Blvd., Highlands Ranch

Property Description: 20,848-sf, two-story office building, YOC 2000, masonry

Land Size: 1.54 acres

Sales Price: $3.4M, or $164.28 per sf

Reception No.: 2016052423

Closing Date: 8/5

Grantor: Parkway Centre North LLC by: Sidford Capital LLC, Bradley P. Brooks, manager, brad@sidfordcapital.com, 303-255-4700

Grantee: Parkway Centre Holdings LLC, by: Innovative Textiles, Konrad Krauland, manager, 970-242-3002, Grand Junction 81505

Financing: Cash

Comments: Andrew P. Wolf is senior vice president of Sidford Capital, 303-997-2593.

 

Property Location: 16941 Lincoln Ave., Parker

Property Description: 3,800-sf tunnel car wash, YOC 2005, masonry & 26,136-sf vacant lot

Land Size: 1.7 acres

Sales Price: $1.5M, or $383.35 per sf

Reception No.: 2016051635

Closing Date: 7/27

Grantor: Aquatique Industries, Brent Backman, CEO, 307-734-1480

Grantee: IMO US West LLC, by Boing US HoldCo Inc., Jean Jacquemetton, vice president

Financing: Cash

Comments: Sale includes vacant lot directly north of the car wash. The property is next to the King Soopers. See other sale at 2421 W. Belleview Ave. in Littleton.

 

Property Location: S/S Genoa Way, terminus, east of N. Castleton Dr. intersection, also fronts W. Castleton Rd., “Promenade @ Castle Rock”

Property Description: Vacant land

Land Size: 1.99 acres

Sales Price: $1.2M, or $13.83 per sf

Reception No.: 2016051635

Closing Date: 7/27

Grantor: Eastern Redbud LLC by: Alberta Development Partners LLC, Donald Provost, manager, 303-771-4004

Grantee: CR Real Estate LLC, Chad David, manager, 605-334-3751

Financing: Cash

Comments: Proposed Culver’s Restaurant

 

Jefferson County

Property Location: 10555 W. Jewell Ave., Lakewood, “Waterfront Apartments”

Property Description: 355-unit apartment complex with 15 buildings, 297,198-sf, YOC 1979, frame

Land Size: 9.76 acres

Sales Price: $55.86M, or $157,361 per door, or $187.97 per sf

Reception No.: 2016073858

Closing Date: 7/27

Grantor: FAOF Waterfront Phase I LLC by: Fowler Property Acquisitions, Michael B. Earl, vice president, 949-399-2500

Grantee: CH Waterfront Communities I LLC c/o SARE Investments LLC, San Diego, CA 92101, c/o ColRich Multifamily, Dany Gabriel, co-president, 858-490-2300

Comments: See APN: 49-214-05-001. 49-214-04-001. Property was listed and sold by CBRE Denver Multifamily Team.

 

Property Location: 1763 S. Moore St., Lakewood, “Waterfront Apartments”

Property Description: 253-unit apartment complex with 11 buildings, 223,839-sf, YOC 1978, frame

Land Size: 8.5

Sales Price: $38.4M, or $151,727 per door, or $171.49 per sf

Reception No.: 2016073916

Closing Date: 7/27

Grantor: FAOF Waterfront Phase II LLC by: Trinity Property Consultants,

Michael B. Earl, vice president, 949-399-2500

Grantee: CH Waterfront Communities I LLC, c/o SARE Investments LLC, San Diego, CA 92101, c/o ColRich Multifamily, Dany Gabriel, co-president, 858-490-2300

Comments: See APN: 49-213-11-011. Property was listed and sold by CBRE Denver Multifamily Team, Tracts B & C. Lockwood Filing No. 5

 

Property Location: 10165 W. 59th Ave., Arvada

Property Description: 16-unit, two-story apartment, 13,332-sf, YOC 1970, brick/frame

Land Size: 21,175 sf

Sales Price: $2.6M, or $162,500 per door, or $195 per sf

Reception No.: 2016074471

Closing Date: 7/29

Grantor: Avenue 59 LLC, William D. Evans Jr.

Grantee: Dr. Tsutomu Yamaji, 220 S. Morgan St., Chicago, IL 60607-3072, c/o Deerwood Real Estate Management LLC

Financing: $1.43M, payable to BOFI Federal Bank, due 8-1-46

Comments: See APN: 39-094-04-006, Listed and sold by ARA Newmark,

 

Property Location: 8721-8741-8761 W. Hampden Ave., Lakewood

Property Description: 12-unit, two-story apartment, three buildings containing 5,790 sf, 17,370 sf, YOC 2007brick/frame

Land Size: 43,568 sf

Sales Price: $2.35M, or $193,833 per door, or $135.29 per sf

Reception No.: 2016072904

Closing Date: 7/22

Grantor: David A. Larson

Grantee: Cedar Creek Partners LLC, William D. Evans Jr.

Financing: $1.88M, payable to Hunt Mortgage Partners, NYC, NY, due 8-1-36

Comments: See APN: 49-344-08-043, 045, 046. Josh Newell & Connor Knutson of Pinnacle Real Estate Advisors sold this property

 

Property Location: 27400 Highway 74, Evergreen

Property Description: Four duplex log cabins and a residential dwelling, 4,499 sf, YOC 1947, log construction with two wells with 1-year-old pumps

Land Size: 3.01 acres

Sales Price: $1.8M, or $88.24 per sf

Reception No.: 2016073348

Closing Date: 7/26

Grantor: J&B Bear Creek Enterprises LLC, Jayne & Bruce Hungate, managers, 26765 Old Gulch Rd., Evergreen, 80439

Grantee: Colorado Bear Creek Cabins LLC, Jerry Nichols & Susan Hoelscher

Financing: $1.55M, payable to the grantor

Comments: Property was listed in December 2015 for $2.2M. Listing sheet on

Bear Creek Cabins shows NOI to be $121,975. The property was constructed in 1947 by the Davidson family. The sellers have owned the property since 1996.

 

Property Location: 9600 W. Jewell Ave., Lakewood

Property Description: 12,466-sf office building, YOC 1985, masonry

Land Size: 59,250 sf

Sales Price: $1.1M, or $88.24 per sf

Reception No.: 2016073039

Closing Date: 7/25

Grantor: 9600 West Jewell LLC, Gary W. Criswell, manager, 303-922-6333

Grantee: Healing at 9600 W. Jewell Ave. LLC, Dr. David Zarou, manager

Financing: $1.1M, payable to Wells Fargo Bank, SBA loan, due 7-25-41

Comments: See APN: 49-272-99-002. Property listed and sold by Bishop Realty and Management, Pat Bauernfeind, 303-922-6333. There was 6,882 sf available at time of sale and the buyer plans to occupy the space.

 

Property Location: 2081 Youngfield St., Golden

Property Description: 3,500-sf office building, YOC 1985, brick, refurbished in 2012, 3,500-sf finished space in basement

Land Size: 59,250 sf

Sales Price: $815,000, or $88.24 per sf

Reception No.: 2016073318

Closing Date: 7/19

Grantor: Rocky Mountain Fiber Arts LLC, Cheryl Nachtrieb, manager

Grantee: 2081 Youngfield LLC, Eric Pratt, 303-945-4341, & Darrin S. Eisele, 303-688-7531

Financing: $660,000, payable to KeyBank NA, due 7-19-21

Comments: Lower level has lunchroom with kitchen facility with two restrooms and a meeting room. The Recycled Lamb was the tenant in the building and closed its doors July 21.

 

Property Location: 5305 Xenon St., Arvada

Property Description: Vacant industrial land

Land Size: 1.5 acres

Sales Price: $400,000, or $6.24 per sf

Reception No.: 2016076550

Closing Date: 8/3

Grantor: Michael Grant

Grantee: Lu-TEK Inc., 5135 W. 58th Ave., Suite 5, Arvada, 80002

Financing: $660,000, payable to KeyBank NA, due 7-19-21

Comments: Lot 5A, Arvada Energy Center, Amendment No. 2. 5305 Xenon St. & 5325 Xenon St. are contiguous sites and sold for a total of $740,000, or $6.18 per sf. Property was listed by Pete Jensen of Mile High Development, 303-232-1171.

 

Property Location: 5325 Xenon St., Arvada

Property Description: Vacant industrial land

Land Size: 1.25 acres

Sales Price: $340,000, or $6.24 per sf

Reception No.: 2016076555

Closing Date: 8/3

Grantor: RGT # 2, Robert G. Tointon, manager

Grantee: Lu-TEK Inc., 5135 W. 58th Ave., Suite 5, Arvada, 80002

Financing: $660,000 payable to KeyBank NA, due 7-19-21

Comments: Lot 5A, Arvada Energy Center, Amendment No. 2. Property was listed by Pete Jensen of Mile High Development, 303-232-1171; 5305 Xenon St. & 5325 Xenon St. are contiguous sites and sold for a total of $740,000, or $6.18 psf.

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