Ziggi’s Coffee acquires pad site in Westminster for ninth Colorado location

Jefferson County

Address/Location: North side of W. 100^th Avenue, 500 feet east of the Church Ranch Boulevard intersection with W. 100^th Avenue (8525 W. 100^th Ave.), Westminster

Improvements: Vacant retail site; plan to build coffee shop

Land Size: 20,939 sf

Reception No.: 20180000931

Price: $350,000, or $16.71 psf

Grantor: Church Ranch Crossing LLC, Tim Hadjis, mgr.

Grantee: Z&N Coffeehouse Companies Inc., Brandon Knudsen & Natalie Lord, mgrs., 303-682-5120

Financing: $200,000 payable to FirstBank @ 5.5%, due in 1 year

Comments: Listing brokers were Zander Rodriguez & Andrew Fox of David Hicks & Lampert, 303-694-6082. The buyer was represented by Annah Moore & Steve Stoecker of CBRE (Fort Collins), 970-372-3853. Ziggi’s Coffee is based out of Northern Colorado (www.ziggiscoffee.com) and has stores in Loveland, Longmont, Henderson, Firestone & Lakewood. In October 2017, it expanded into the Arizona market.

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.