Interstate 25 & East Evans assemblage closes at $13.3M

Denver County

Property Location: 2100-2135-2175 S. Cherry St., 2150 S. Cherry St., 2160 S. Clermont St., 2135-2175 S. Clermont St., Denver

Property Description: Several improvements totaling 72,152 sf

Land Size: 128,396 sf (6 separate parcels)

Sales Price: $13.3M, or $103.59 psf

Reception No.: 2018114462, 2018114460, 2018114461, 2018114459, 201811481, 2018114478

Closing Date: 9/7

Grantor: 2100 S. Cherry Street LLC (Estate of Tom Luinstra), 2) Carol J. Luinstra, 3) Carol J. Luinstra, personal rep of Estate of Thomas E. Luinstra & LCI Clermont LLC (Mariano Descalzi, mgr.), The House Worship Center Inc.

Grantee: Flywheel Capital LLC (Benjamin Hrouda, mgr.), 4) Crea-Flywheel Evans Landco LLC, 5) CREA-flywheel Evans Landco LLC, c/o Flywheel Capital

Financing: None

Comments: The buyer purchased the Cameron Motel containing 34,817 sf of land in July 2016, reflecting a total land assemblage of 3.75 acres and a total purchase price of $17.03M, or $104.31 psf. Trinen Realty Partners, Bill Trinen, 303-601-7732, listed this property, which was zoned C-MX-5, with OCCAM Real Estate, Ron Allum, 303-332-6937. There is a two-story office building that is encumbered until October 2020. 2160-66 S. Clermont St. contains 18,506 sf of land with a two-story, 10,326-sf office building. This property sold by way of reception number 2018114481 for $2.45M; 2150 S. Cherry St. (aka 06302-06-009) sold for $3.1M and contains 37,404 sf with a 16,212 sf brick school building, YOC 1974 (former Jones Real Estate College building). The House Worship Center Inc. purchased this property from Norwood L. Robb for $1.23M Sept. 18, 2015; see 2015132023. The buyer purchased 4500 E. Evans for $3.73M, which contained 34,817 sf of land area and the 13,069-sf Cameron Motel, July 19, 2016.

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.