North Bear Crossing sales price increases 47.14% since 2014

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Jefferson County

Property Location: 2595 S. Lewis Way, Lakewood, “North Bear Crossing”

Property Description: 31,954-sf retail center (four buildings) YOC 2004,

Land Size: 4.36 acres

Sales Price: $8.35M, or $261.31 psf

Reception No.: 2017007029

Grantor: North Bear SPE LLC, c/o Sperry Equities LLC, Burton Young, mgr., 949-705-5004, 18881 Von Karman, Suite 800, Irvine, CA 92612

Grantee: North Bear Meadows LLC, Robert A. Kantor, mgr., 460 E. Sun Valley Road, Suite 203, Ketchum, ID 83340

Closing Date: 1/18

Financing: $4.9M payable to Sun Life Assurance Company

Comments: Lot 12, Block 1, North Bear Crossing Sub. Lot Line Adjustment No. 1, f2016747. This property last sold in July 2014 for $5.68M. Tenants include Domino’s Pizza, Anytime Fitness – 5,308 sf, Thirsty Bear Bar & Grill – 2,333 sf, Urgent Care Extra – 4,732 sf. Lease rates are quoted at $18 to $20 per square foot. Property was listed and sold by Riki Hashimoto & Dan Grooters of NGKF Capital Markets.

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.

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