Property Location: 4750-4780 York St., Denver
Property Description: 14,725-sf industrial building, YOC 1975
Land Size: 32,963 sf
Sales Price: $1.6M, or $108.66 psf
Reception No.: 2019001392
Closing Date: 1/2
Grantor: Tichy Leasing LLC (Robin J. Tichy, mbr.)
Grantee: Advent Real Estate Holdings LLC, c/o Alpine Roofing, (Samuel DePizzol & Randall W. Hammond, mgrs.), 303-295-7769
Financing: $3M SBA loan, payable to Live Oak Banking Co., Wilmington, NC
Comments: While the transaction was between two related parties, the sale reflects market value as it was appraised prior to closing. Robin Tichy is vice president of Alpine Roofing, and the transaction represents financing for the benefit of Alpine Roofing. The loan is due and payable in January 2043.
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.