Comp of the Day handshake image

York Street industrial property changes hands for $5 million

Denver County Property Location: 3975 York St., Denver Property Description: 21,683-sf industrial building, YOC 1949 Land Size: 3.994 acres Sales Price: $5M, or $28.74 psf (land value) Reception No.: 2017041502 Grantor: G&M Trailer Repair of Colorado Inc., Philip MacDougall, VP Grantee: PIII York Street LLC c/o Travis McAfoos, 303-861-4225, 10025 Valley View Road, Suite 190, Eden Prairie, MN…

John Winslow

May 1, 2017
Comp of the Day handshake image

Prospect Ridge Academy acquires 6.41 acres in Broomfield for expansion

Broomfield County Property Location: 16651 Alcott Way, Broomfield Property Description: Vacant land Land Size: 6.41 acres Sales Price: $1.44M, or $5.15 psf Reception No.: 2017003507 Grantor: NP Development Inc., Michael S. Warren, SVP, 970-962-9990 Grantee: PRA Building Corp c/o Prospect Ridge Academy, Ken Rooks, mgr. Closing Date: 3/21 Comments: See file plat recorded 2-3-2017, 2017001565, county of Broomfield.…

John Winslow

April 28, 2017
Comp of the Day handshake image

User buys industrial property in Arvada

Jefferson County Property Location: 6762 Fig St., Arvada Property Description: Vacant land Land Size: 91,476 sf Sales Price: $411,642, or $4.50 psf Reception No.: 2017030816 Grantor: Parkway Investment Company, Peter Niederman, VP, 303-748-1100 Grantee: Hamilton Brothers Properties LLC, Mark Hamilton, 303-349-9403 8730 W. 14th Ave., Lakewood 80215 Closing Date: 3/22 Comments: See APN: 39-063-01-001, See Lot 4, Block…

John Winslow

April 27, 2017
Comp of the Day handshake image

Beacon Capital buys River North site

Denver County Property Location: Bounded by Blake Street, 36th Street, Downing Street & Walnut Street Property Description: 2,470-sf warehouse, YOC 1988 Land Size: 2.32 acres Sales Price: $19.38M, or $191.39 psf (land value) Reception No.: 2017042118 Grantor: HUB Development LLC, Andrew M. Feinstein, mgr., 303-297-8151, & Elevation HUB LLC, Brent M. Farber, mgr. Grantee: BCSP Rino Property LLC…

John Winslow

April 26, 2017
Comp of the Day handshake image

Lennar Homes acquires 73.32-acre site planned for 212 homes

Arapahoe County Property Location: Vicinity of County Line Road & Monaghan Road, north of Douglas County Property Description: Vacant land Land Size: 73.323 acres Sales Price: $3.37M, or $45,983 per acre, or $15,904 per lot Reception No.: 2017042112 Grantor: MS Rialto Blackstone CO LLC, Sandy Goldberg, VP Grantee: Lennar Colorado, Jill Luchs & Kristi Balken, 303-754-0600 Closing…

John Winslow

April 25, 2017
Comp of the Day handshake image

Popular New York Deli Restaurant sells for $1.6 million

Denver County Property Location: 7105 E. Hampden Ave., Denver Property Description: 9,985-sf restaurant, YOC 1970 Land Size: 39,120 sf Sales Price: $1.6M, or $160.24 psf Reception No.: 2017042530 Grantor: BelSky LLC, Victoria Belsky & Albert Belsky, mgrs. Grantee: Danibel LLC, Lawrence Bergstein, mgr., 7105 E. Hampden Ave., 80224 Closing Date: 3/31 Financing: $1.96M payable to KeyBank, NA Comments:…

John Winslow

April 24, 2017
Comp of the Day handshake image

235-unit apartment community doubles in value with $38.8 million sale

Arapahoe County Property Location: 7575 E. Arkansas Ave., Denver, “Torrey Pines Apt. Homes” Property Description: 235-unit apartment complex, 15 buildings plus 2,216-sf clubhouse, 203,275 sf net rentable area, YOC 1980, brick with wood siding Land Size: 11.4 acres Sales Price: $38.8M, or $165,106 per unit, or $190.87 psf Reception No.: D7044417 Grantor: CG Pines LLC by: FRG…

John Winslow

April 21, 2017

Majestic Commercenter goes huge on spec

With prelease agreements taking up a majority of what was the largest speculative industrial project ever to be built in the metro-area, Majestic Realty Co. announced plans to beat its own record and build the state’s largest individual speculative building at its Majestic Commercenter park in Aurora. Set to break ground in June, the 701,500-square-foot…

CREJ

April 20, 2017
Comp of the Day handshake image

3 Margaritas acquires former Cielo Mexican restaurant in Arvada

Adams County Property Location: 5175 W. 68th Ave., Arvada, proposed “3 Margaritas” Property Description: 6,352-sf restaurant, YOC 2007 Land Size: 1.25 acres Sales Price: $1.41M, or $221.98 psf Reception No.: 28109 2017 Grantor: Prime Lake LLC, Todd Hoffman, mgr. Grantee: Franco Brother’s Inc., Rafael Garcia Franco, pres. Closing Date: 3/31 Financing: $705,000 payable to JPMorgan Chase Bank, NA,…

John Winslow

April 20, 2017
Comp of the Day handshake image

Littleton office building trades for $4.1 million with a 7.15% cap rate

Arapahoe County Property Location: 1420 W. Canal Court, Littleton Property Description: 26,927-sf, two-story with garden level office building, YOC 2001, masonry construction, 108 parking spaces Land Size: 1.99 acres Sales Price: $4.08M, or $151.34 psf Reception No.: D7037409 Grantor: Farrell-Roeh Southpark LLC, John D. Strohm, mgr., 303-794-6655 Grantee: Shane & Elizabeth Roth LLC, 303-471-5788 Closing Date: 3/31 Financing:…

John Winslow

April 19, 2017