Property Location: SEC Sky Ridge Avenue & Bismark Drive, Lone Tree
Property Description: Vacant land, 9,930-sf medical building planned
Land Size: 45,917 sf
Sales Price: $890,000, or $19.38 per sf
Reception No.: 2016042819
Closing Date: 7/7
Grantor: Ridgegate Investments Inc., Keith D. Simon, mgr., 720-279-2581
Grantee: Integrated Ear, Nose & Throat, Laura Walker, mgr., 303-607-5114
Financing: $3.37M (construction loan) payable to First-Citizen Bank & Trust; loan is payable on 1-7-33.
Comments: Zoned C/M-U, Lot 3b, RidgeGate – Section 15, Filing No. 12, 1st amendment. See 2008034377, SP16-18R, See APN: 2231-151-03-005. The architect is Davis Partnership. The building will be 9,930-sf, single-story medical building with 50 parking spaces, including four handicapped spaces. The building will be located on the northwest portion of the lot, with the parking lot lying directly east of the building. A right-in, right-out is located on Bismark Drive, approximately 100’ south of the intersection of Sky Ridge Avenue and Bismark Drive. Dr. Timothy F. Pingree & Dr. Clark W. Walker of Integrated Ear, Nose & Throat, 303-706-1616, will occupy the space. Real estate experts believe the building may be worth over $6 million when build-out is completed. Buyer currently occupies space in the Conifer Building at Sky Ridge Medical Center. Matt Smith, 303-996-8460, of Vector Property Services was the listing broker on this transaction.
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.