• Buyer facilitates 1031 exchange with office building in Thornton

    Adams County Location: 9351 Grant St., Thornton Improvements: 91,263-sf office building, YOC 1985 Land Size: 1.14 acres Date of Recording: 4/9 Reception No.: 2018000028658 Price: $9.08M, or $99.44 psf Grantor: Horizon Terrace LLC, c/o Global Pacific Properties Inc. 5161 E. Arapahoe Road, Suite 320, Centennial 80122, attn: Michael S. Law, pres. Grantee: 1641 California LLC (30.52%) & 9351 Grant LLC (69.48%) c/o NAS...

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  • Indiana industrial developer snags 38.81 acres in Commerce City

    Adams County Location: Vicinity of NEC Buckley Road & East 81stAvenue, Commerce City Improvements: Vacant Industrial Land Land Size: 38.81 acres Date of Recording: 4/4 Reception No.: 2018040286 Price: $5.82M, or $3.44 psf Grantor: DIA Tech Center LLC, C.H. Thompson Company LLC, Christopher H. Thompson, mgr. Grantee: 8251 Quintero Street Colorado Becknell Investors LLC, 2750 E. 146thSt., Suite 200, Carmel, IN 46033, 317-669-6000, attn:...

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  • Douglas County office/medical building sells for $5.45 million

    Douglas County Location: 9570 Kingston Court, Englewood Improvements: 33,204-sf, three-story office building, YOC 2002, masonry Land Size: 2.30 acres Date of Recording: 4/12 Reception No.: 2018021700 Price: $5.45M, or $164.14 psf Grantor: LTP Land Ventures LLC, Lloyd Herrera, mgr. Grantee: CLC Eagle Pointe Holdings LLC, c/o Christian Living Communities, Terry Rogers, CEO, 720-606-2440 Financing: $4.45M payable to Guaranty Bank & Trust, 4/12/2028 Comments: Property...

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  • Rare ground lease investment yields 5 percent cap rate

    Arapahoe County Property Location: 21800 E. Quincy Ave., Aurora, “corporate-backed land lease” Property Description: 5,520-sf convenience store, YOC 2017 Land Size: 70,810 sf Sales Price: $2.36M, or $33.33 per square foot of land Reception No.: D8031340 Closing Date: 3/30 Grantor: Copperleaf Commercial Investors LLC, Daniel Frank, mgr. Grantee: Narani Elaheh Sharifi & Saffarian Nasser Comments: The APN is: 2073-12-2-12-003. This is a 20-year lease term with...

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  • Bluerock draws first Colorado acquisition with Castle Rock apartments

    Douglas County Property Location: 1100 Plum Creek Parkway, Castle Rock Property Description: 264-unit apartment complex w/11 three-story buildings plus 4,118-sf clubhouse, total of 252,276 sf rentable area; YOC 1999, brick/frame Land Size: 11.34 acres Density: 23.28 d/u per acre Sales Price: $61.1M, or $231,439 per unit, or $242.20 psf Reception No.: 2018017419 Closing Date: 3/26 Grantor: Social Links Inc., c/o Sentenial Real Estate, Robert B....

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  • Firm acquires 390-unit Denver apartment for $128.7 million

    Denver County Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments” Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. The rental rates range from $2.05 to $2.71 per sf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463 sf. These units’ rental rates...

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  • Interest in second-tallest building in Denver snagged for $285.6 million

    Denver County Property Location: 1801 California St., Denver Property Description: 1.37 million-sf, 54-story office building with 12-level parking garage, 28 passenger elevators, two freight elevator cars and fitness center on second floor, built in 1983 Land Size: 61,191 sf Sales Price: $285.6M, or $208.14 per sf Reception No.: 2018038167 Closing Date:3/30 Grantor: BOP 1801 California Street LLC, Brookfield Property Group, 250 Vesey St.,...

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  • Flex space at 14 Inverness Drive East sells for $20.2 million

    Arapahoe County Property Location: 14 Inverness Drive East, Englewood Property Description: 105,938-sf flex/industrial, YOC 1974 & 111,125-sf flex/industrial, YOC 1978, concrete construction (total 217,063 sf) Land Size: 14.32 acres Sales Price: $20.2M, or $93.06 per sf Reception No.: D8025643 Closing Date: 3/7 Grantor: 14 Inverness Property LLC c/o Global Pacific Inc., Michael S. Law Grantee: BKM Inverness 226 LLC c/o BKM Capital...

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  • Retail building in Aurora sells to user for $2.2 million

    Arapahoe County Property Location: 911 S. Havana St., Aurora Property Description: 12,240-sf multitenant retail building, YOC 2002, block Land Size: 38,415 sf Sales Price: $2.2M, or $179.74 psf Closing Date: 3/22 Reception No.: D8027921 Grantor: Anderson Development Holdings LLC, Moshe Fyzahov, mgr. Grantee: Hans Management LLC, Esther Han, mgr., 720-300-1852 Financing : $1.87M SBA loan payable to Wells Fargo Bank, NA, due...

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  • One Lincoln Station sells for $43.75 million

    Douglas County Property Location: 9380 Station St., Lone Tree, “One Lincoln Station” Property Description:154,229-sf, six-story office building, YOC 2008, Leed certified, fitness center, conference room Sales Price: $43.75M, or $283.67 psf Closing Date: 3/12 Reception No.: 2018014919 Grantor: Lincoln Station Phase One LLC Grantee: OLS Preston LLC, et al., c/o Spectrum Properties, 214-379-8600 Comments: Leasing brochure from CBRE indicates 147,184 sf rentable...

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