Westlake Retail Center sells on in-place cap rate of 12.05 percent
Broomfield County Property Location: 12920 Lowell Blvd., Broomfield Property Description: 11,288-sf retail building, YOC 1987, masonry Land Size: 1.57 acres Sales Price: $2M, or $177.18 psf Grantor: INSAF LLC, Fadi Sawaged, mgr. Grantee: JNT LLC, Jaeyoung Nam, mgr., 1702 8th Ave., Greeley 80631 Closing Date: 5/31 Financing: $1.35M payable to Westlake Payment LLC @ 8% (OWC) Comments: Listed…
John Winslow
June 20, 2017
Commerce City warehouse snagged by owner-user for $87.50 per square foot
Adams County Property Location: 3900 E 68th Ave., Commerce City Property Description: 50,000-sf warehouse, includes 6,500-sf office area, YOC 1980, 27’ clear, twin-tee construction Land Size: 3.45 acres Sales Price: $4.38M, or $87.50 psf Reception No.: 43778 2017 Grantor: K.W. Schmidt & Associates LLC, Karl W. Schmidt, mgr. Grantee: Tebeest Properties LLC, Chad Tebeest, mbr., 9681 W…
John Winslow
June 19, 2017
Retail center in Castle Rock Promenade sells for $7 million
Douglas County Property Location: 4991 Factory Shops Blvd., Castle Rock Property Description: 11,368-sf retail center, YOC 2016 Land Size: 1.44 acres Sales Price: $7M, or $615.76 psf Reception No.: 2017033617 Grantor: White Fir LLC by: Alberta Development, Donald Provost, mgr. Grantee: 4991 Factory Shops Blvd., LLC Closing Date: 5/19 Financing: $6.16M payable to Umpqua Bank (85% LTV) Comments:…
John Winslow
June 16, 2017
Crossroads industrial building sells for $7.25M, or $104.52 per square foot
Adams County Property Location: 485 E. 52nd Ave., Denver Property Description: 69,350-sf warehouse, YOC 2016 Land Size: 4.5 acres Sales Price: $7.25M, or $104.52 psf Reception No.: 45058 2017 Grantor: TC Crossroads #6 LLC c/o Trammell Crow Company, Bill Mosher, CEO Grantee: Denver Cross LP, Largent Group Inc., Scott Bader, pres., Sylmar, CA Closing Date: 5/25 Financing: $6.16M…
John Winslow
June 15, 2017
Sentinel Real Estate Corp. acquires 285 units in Parker for $70.9 million
Douglas County Property Location: 17565 Pine Lane, Parker, “Enclave at Cherry Creek” Property Description: 285-unit, four-story apartment complex (five buildings of 57 units each), 368,465 sf gross building area, plus 6,706-sf clubhouse, with attached garage parking with each building, YOC 2015 Land Size: Sales Price: $70.93M, or $248,870 per unit, or $192.50 psf Reception No.: 2017033207 Grantor:…
John Winslow
June 14, 2017
Denver office building investor adds 61,000 square feet to portfolio
Arapahoe County Property Location: 7009 S. Potomac St., Centennial Property Description: 61,804-sf, three-story office building, YOC 1984 & 2001 Land Size: 1.15 acres Sales Price: $3.95M, or $63.91 psf Reception No.: D7053725 Grantor: Centennial Professional Center LLC, Elizabeth L. Santangelo, mgr. Grantee: A13 Properties LLC, Peter Charczenko, mgr., 720-523-0462, Ext. 948 Closing Date: 5/11 Financing: $2.77M payable to…
John Winslow
June 13, 2017
Denver Mansion near Colfax & Gaylord sells for $940,000
Denver County Property Location: 1547 Gaylord St., Denver Property Description: 6,423-sf, three-story office building (mansion), YOC 1921 Land Size: 6,250 sf Sales Price: $940,000, or $146.35 psf Reception No.: D7053725 Grantor: B&E Holdings LLC, Chuck Buie, mgr. Grantee: Education 1983 LLC Closing Date: 5/31 Comments: Listed by Paul Schneider, Mark Goodman & Chase Grimes of Pinnacle Real Estate…
John Winslow
June 12, 2017
Denver Hospital Authority acquires Green Valley site from Oakwood Homes
Denver County Property Location: NEC E. 50st Ave. and Tower Road Property Description: Vacant land Land Size: 3.58 acres Sales Price: $1.71M, or $10.92 psf Reception No.: 2017070975 Grantor: Oakwood Homes LLC, Robert J. Sandeman, EVP Grantee: Denver Health and Hospital Authority Closing Date: 5/30 Comments: See APN: 00153-00-006, zoned C-MU-20. Comp of the Day is provided by…
John Winslow
June 9, 2017
Denver infill site closes for $132 per square foot
Denver County Property Location: 1450 Franklin St., Denver Property Description: Land value Land Size: 12,500 sf Sales Price: $1.65M, or $132 psf Reception No.: 2017070187 Grantor: The Franklin LLC, Brad Broyhill & Brian Toerber, mgrs. Grantee: South Broadway & East Arizona LLC, Lance Gutsch, 720-810-1302, & Kiely Wilson, 303-601-1997, 295 Clayton St., Suite 230, Denver 80206 Closing…
John Winslow
June 8, 2017
Southwest Denver commercial property sells for $1.93 million
Denver County Property Location: 4320 Morrison Road, Denver Property Description: 12,722-sf commercial building, YOC 1951 Land Size: 2.47 acres Sales Price: $1.94M, or $18 psf (land value) Reception No.: 2017069848 Grantor: 4320 Morrison LLC, Laura A. White, mgr. Grantee: Morrison Center LLC, Andrew Toole & Jerome Wiencek, mgrs. Closing Date: 5/26 Financing: $1.43M payable to Alpine Bank, due…
John Winslow
June 7, 2017
