Denver County
Property Location: 838 Park Avenue West (south corner Champa St. & Park Ave. West), Denver
Property Description: 1,300 -auto service garage, YOC 1959 (land value)
Land Size: 12,791 sf
Sales Price: $1.58M, or $123.13 psf
Reception No.: 2016113865
Closing Date: 8/24
Grantor: B&R Lawrence LLC, Behrooz Hadgi Maleki, mgr.
Grantee: Oyster Holding II LLC
Comments: This property is zoned D-AS-12. The seller exchanged this property from the sale at 212-264 Santa Fe Drive in the amount of $1.9M, or $48.28 per square foot, which closed 10-4-16. The seller acquired 838 Park Aug. 21, 2015, for $875,000 and up-legged 212-264 Santa Fe Drive for site speculation. Tom Monks of Equity Commercial Real Estate, 825-5100, listed 838 Park Ave West.
Property Location: E/S Santa Fe Drive, 100’ south of West Third Avenue
(212-264 Santa Fe Drive), Denver
Property Description: 22,578-sf industrial space, YOC 1941, brick (land value)
Land Size: 39,356 sf
Sales Price: $1.9M, or $48.28 psf
Reception No.: 2016137885
Closing Date: 10/4
Grantor: Steven A. Winter
Grantee: B&R Lawrence LLC, Hadgi Maleki, mgr.
Comments: This property was listed by Tim Shay & Tyler Ryon of Colliers. This property is zoned I-MX-5. The buyer exchanged this property from the sale at 838 Park Ave West in the amount of $1.58M, or $125.20 per sf, which closed 8-25-16. The buyer acquired 838 Park Aug. 21, 2015, for $875,000 and up-legged 212-264 Santa Fe Drive for site speculation.
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.
