Longtime Denver plumber acquires building near West 29th & Sheridan for $1.7 million

Denver County

Property Location: 5005 W. 29thAve., Denver

BD 3Q 2019 300 x 250

Property Description: 3,651-sf, three-bay auto service garage, YOC 1973, masonry

Land Size: 13,034 sf

Sales Price: $1.7M, or $465.63 psf (improvements), or $130.43 psf (as if vacant)

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Reception No.: 2019001319

Closing Date: 1/4

Grantor: Vigil Holdings LLC (Joe Vigil, mgr.), 303-477-0210

Colliers International Jan. 16 Banner 300 x 250

Grantee: 5005 W. 29thAve LLC (John Ward, mgr.), 303-232-6611

Financing: Cash

Comments: Property is located on the northwest corner of Yates St. & W. 29thAve.  The property has been used for Arnold’s Transmission Repair, Joe Vigil, which closed shop Jan. 4. Buyer will use the building for his Applewood Plumbing & HVAC company. Ward has been in business since 1973, when he started Applewood Plumbing. Ward also owns the property at 5000-5016 W. 29thAve., where his plumbing company has been a tenant in the retail strip center.

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.