Arapahoe County
Property Location: 5450-5460-5470 S. Broadway & 5300 S. Broadway, Englewood, “Groove Toyota”
Property Description: 22,080-sf auto dealership, YOC 1971; 80,576-sf dealership space, YOC 1980/1987/2014, masonry construction; & 111,602-sf storage space, YOC 1971 (total of 214,258 sf)
Land Size: 18.41 acres
Sales Price: $51.4M, or $239.90 psf
Reception No.: D8100563 & D8100567
Closing Date: 10-10
Grantor: Summit Real Estate II LLC (William Carmichael, pres.), 303-209-3965
Grantee: Car Sum CO Groove LLC, c/o Capital Automotive Real Estate Services Inc., 8484 Westpark Drive, McLean, VA 22102, attn: Daniel Hartmann, VP, 703-752-1915
Comments: Parcels 2 and 3, Burt Subdivision Amended. Two deeds combined. The property at 5300 S. Broadway sold for $10 million, described as APN: 2077-15-1-00-028, which includes multiple automotive dealership buildings constructed in 1971, totaling 31,913 sf on 1.754 acres, selling for $10 million, or $313.35 psf; and 5450 S. Broadway, APN: 2077-15-1-19-003, totaling 5.219 acres with 111,602-sf storage warehouse space & 5460 S. Broadway, with 11.437 acres of land with a two-story auto dealership retail/office building totaling 22,080 sf, YOC 1987; 3,936-sf automotive building, YOC 2014, with block construction & 54,560-sf auto dealership building, YOC 1980, block construction
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.
