Rocky Mountain Microfilm facilitates 1031 exchange to expand

Denver County

Property Location: 1540 El Paso Blvd, Denver

Property Description: 5,000-sf office building, YOC 1968, masonry construction

Land Size: 18,295 sf

Sales Price: $660,000, or $132.00 per sf

Reception No.: 2016000071652

Closing Date: 8/29

Grantor: MG & MM LLC, Michael Gudenkauf, mgr.

Grantee: TandS EP LLC, Harvey Thoutt, Brian Thoutt & Ched J. Thoutt, mgrs.., 1540 El Paso Blvd., Denver 80221

Financing: $574,000 payable to JPMorgan Chase Bank

Comments: See APN: 01719-33-4-13-001. Property formerly was occupied by Rocky Mountain Microfilm, which was the seller’s company. See next sale for downleg of 1031 exchange.

Adams County

Property Location: 9164 Marshall Place, Westminster

Property Description: 10,010-sf industrial building, 16-foot-clear, with 24 parking spaces, YOC 91

Land Size: 33,741 sf

Sales Price: $1.3M, or $129.87 per sf

Reception No.: 2016091084

Closing Date: 9/8

Grantor: Highland Properties 1716 LLC, Kelly James Lacert, mgr., intermediary for Lake Arbor Associates Ltd.

Grantee: MG&MM LLC, Michael Gudenkauf, mgr. & pres. of Rocky Mountain Microfiche, 9164 Marshall Place, Westminster 80031, 303-427-0625

Comments: See APN: 29-243-01-015. The buyer has a company named Rocky Mountain Microfilm and recently sold 1540 El Paso in a 1031 exchange. 1540 El Paso sold for $660,000. There is 16,400 sf of storage yard, of which 13,000 sf, plus or minus, is paved. The property was listed by Chris Ball, SIOR, CCIM, 303-312-4280, & Tyler Smith, CCIM, SIOR, 303-312-4296. The buyer has already moved into the building. See www.rmm-i.com

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.