Denver County
Property Location: 4402 Umatilla St., Denver
Property Description: 4,158-sf warehouse, YOC 1914, masonry construction
Land Size: 12,187 sf
Sales Price: $825,000, or $198.42 psf
Reception No.: 2016142356
Closing Date: 10/13
Grantor: 4402 Corporation, Paul R. Clark, pres.
Grantee: 3360 W. 38th Ave LLC, Benjamin Gearhart, mgr., 303-309-0060
Financing: $346,000 payable to FirstBank, NA, due 10-13-17, $240,000 payable to Wells Fargo Bank, NA (SBA loan) due 10-7-17
Comments: See Memorandum of Master Prepaid Lease and Management Agreement recorded 9-13-13, 2013135650. Buyer plans to renovate and add 2,470 sf of space on the north boundary line of the building. The buyer’s company, Capital Works Mortgage, will occupy a portion of the building with a new liquor store slated to occupy space along with a restaurant or retail tenant. The building lies directly to the east of the Common Grounds Coffeehouse. Dorit Makovsky Fischer, 303-565-3025, Hayden Hirschfeld, 303-565-3048, & Joey Gargotto, 720-881-7540, of NAI Shames Makovsky negotiated the transaction. Chuck C. Moore also is a principal working with the buyer.
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.
