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Local developer sells two pad sites in Coal Mine/Wadsworth retail center

Jefferson County

Property Location: NEC W. Coal Mine Road & S. Wadsworth

Property Description: Vacant land, plans for 7,373-sf Discount Tire store

Land Size: 33,541 sf

Sales Price: $1.19M, or $35.48 per sf

Reception No.: 2016082695

Closing Date: 8/16

Grantor: CDev I LLC, c/o Cornerstone Capital, Chad Roach, mgr.,303-956-3455

Grantee: Holdco 4 LLC c/o Discount Tires, 480-606-6000

Comments: The proposed five-bay Discount Tire store will contain 7,373 sf and 35 parking spaces. The site has certain cross easements that allow egress and ingress to the property.

 

Property Location: NEC W. Coal Mine Rd & S. Wadsworth

Property Description: Vacant land, plans for 6,912-sf Advanced Auto Parts store

Land Size: 23,087 sf

Sales Price: $960,000, or $41.58 per sf

Reception No.: 2016083329

Closing Date: 8/16

Grantor: CDev I LLC, Chad Roach, mgr., 303-956-3455

Grantee: BTS Coal Mine AA LLC c/o Cadence Capital, William R. Rothacker, mgr.

Financing: $1.59M (construction loan) payable to Citywide Banks

Comments: 2016081304. The proposed 6,912-sf Advanced Auto Parts sStore will contain 24 parking spaces. The site has certain cross easements that allow egress and ingress to the property.

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.