Jefferson County
Address: 607 19th Street, Golden
Land Size: 20,860 sf
Improvements: 12,031-sf, two-story office building, YOC 1985 (renovated in 2017)
Date of Recording: 11/29
Reception No.: 2017121963
Price: $3.3M, or $274.29 psf
Grantor: Golden Investment Property LLC (70%), John Bardeen, mgr., & Endurance 607 19th Street LLC (30%), Otto Petty, mbr.
Grantee: DS Real Estate LLC, Dori & Hari Sachanandani, mgrs.
Financing: 1031 exchange for the buyer
Comments: Listed by Matt Call & Matt Kulbe of NavPoint Real Estate while the buyers were represented by Brett MacDougall & Marc Lippitt of Unique Properties. The building was leased to Four Corners Petroleum on a going-in cap rate of 6.7%. There is a new seven-year lease and the property last sold in August 2016 for $1.8M. The up-leg of the 1031 exchange was 3610-3640 Chambers Road in Aurora, which sold for $4.28M and closed in mid-September.
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.
