Popular country music nightclub sells to concert promoter

Arapahoe County

Property Location: 2430 S. Havana St., Aurora

Property Description: 27,421-sf nightclub, YOC 1984, wood & masonry const.

Land Size: 2.278 acres

Sales Price: $3.05M, or $111.23 psf

Reception No.: D8049462

Closing Date: 5/18

Grantor: McDermott Investments LLC, Marno McDermott, mgr.

Grantee: 2430 South Havana LLC, Chris Swank, mgr., 303-322-5219

Comments: Marlo McDermott purchased the property out of foreclosure in January 1991 for $1.33M and started the “Stampede,”country-western nightclub that opened in 1992. This property is located near the northeast corner of S. Parker Road and S. Havana. The new buyer will close for the Memorial Day weekend and plans to open June 14. The buyer also owns the Bluebird Theater at 3217 E. Colfax. Swank also purchased the Goosetown Tavern in 2014, which he turned into a music venue.

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.