Property Location: 801 Wadsworth Blvd., Lakewood
Property Description: 4,109-sf closed McDonalds restaurant, YOC 1982
Land Size: 54,972 sf
Sales Price: $575,000, or $10.46 per sf (before demolition cost)*
Reception No.: 2018019087
Closing Date: 3/1
Grantor: McDonald’s Corp., Michael Van Poucke, senior counsel
Grantee: LCP Wadsworth LLC c/o Leon Capital Group, 214-865-8082, attn: Will Tolliver, mgr.
Financing: $459,629 payable to Texas Bank and Trust Co., Longview, TX
Comments: This property was purchased by Dallas developer Leon Capital Group, which has completed several retail developments in the Denver metro area. This property is on the northwest corner of Wadsworth Blvd & W. Eighth Ave. *Assumes the buyer razing the building and constructing a new structure.
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.