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Comp of the Day handshake image

Popular apartment investment type sells for $124,250 per door

Arapahoe County Property Location: 3470 S. Marion St., Englewood, “South Marion St. Apts.” Property Description: 20-unit, three-story walk-up style apt. building, 10,728 sf, YOC 1969, brick/frame construction, 20 parking spaces Land Size: 12,500 sf Sales Price: $2.49M, or $124,250 per door, or $231.64 per sf Reception No.: D6094384 Closing Date: 8/24 Grantor: 3470 South Marion Street…

John Winslow

September 6, 2016
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Local developer sells two pad sites in Coal Mine/Wadsworth retail center

Jefferson County Property Location: NEC W. Coal Mine Road & S. Wadsworth Property Description: Vacant land, plans for 7,373-sf Discount Tire store Land Size: 33,541 sf Sales Price: $1.19M, or $35.48 per sf Reception No.: 2016082695 Closing Date: 8/16 Grantor: CDev I LLC, c/o Cornerstone Capital, Chad Roach, mgr.,303-956-3455 Grantee: Holdco 4 LLC c/o Discount Tires,…

John Winslow

September 5, 2016
the Yard

‘Yard’ brings creative office, amenities to Denargo Market

EverWest Real Estate Partners and WHI Real Estate Partners will bring creative office space to the Denargo Market area with the repositioning of an 85,000-square-foot industrial building they bought early this year. The redevelopment of 2323 Delgany St. will be known as The Yard at Denargo Market. The property is located at the edge of…

Kris Oppermann Stern

September 2, 2016
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Three-tenant Englewood industrial investment generates many offers

Arapahoe County Property Location: 2835 S. Raritan St., Englewood Property Description: 9,600-sf office/warehouse, YOC 1977, masonry construction, five dock-high doors, one drive-in door, three tenants, 16’ clear Land Size: 13,068 sf Sales Price: $760,000, or $78.13 per sf Reception No.: D6093591 Closing Date: 8/23 Grantor: Darrow Family LP, Allen Barton Darrow, gen ptnr. (50%), & Sally…

John Winslow

September 2, 2016
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Denver-based DCT Industrial acquires 14.6 acres

Adams County Property Location: NE/S East 40th Avenue, 500’ east of Salida Street & East 40th Avenue intersection, Aurora (no apparent frontage, just easement access) Property Description: Vacant land Land Size: 14.6 acres* Sales Price: $1.5M Reception No.: 2016000065911 Closing Date: 8/19 Grantor: KKAM LLC, Kedar Morarka & Keith R. Arnold, mgrs., 303-576-9477 Grantee: DCT Summit…

John Winslow

September 1, 2016
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New York land investor/speculator sells 218 fully entitled lots to William Lyon Homes

Arapahoe County Property Location: Northeast corner South Shady Grove Way & East Arapahoe Road Property Description: 218 vacant residential lots Land Size: 37.82 acres Sales Price: $9.28M, or $5.63 per sf, or $42,569 per lot Reception No.: D6087859 Closing Date: 8/10 Grantor: Southshore Recovery Acquisitions LLC, Jonathan Shumaker Grantee: William Lyon Homes Inc., Richard S. Robinson,…

John Winslow

September 1, 2016

CBRE: Northern Colorado commercial real estate strong across the board

Overall fundamentals in Northern Colorado's commercial real estate market are encouraging with record or near-record low vacancy rates and positive net absorption in all three sectors: Record low vacancy and availability indicates demand for new office space. Near record low vacancy elevates industrial lease rates. Direct retail vacancy declined to 3.6%, 10 basis points off the…

CREJ

August 31, 2016
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Illinois investor snags shadow-anchored retail center in Thornton

Adams County Property Location: 12885 Quebec St., Thornton Property Description: 8,885-sf retail center, YOC 2015, masonry Land Size: 1.36 acres Sales Price: $4.41M, or $496.34 per sf Reception No.: 2016000067363 Closing Date: 8/16 Grantor: Drake Quebec Partners LLC, Jon Hauser, mgr. Grantee: TSM Ventures LLC, Jon D. Stewart, pres., 217-367-8386 Financing: Cash Comments: APN: 01571-29-4-17-008. This…

John Winslow

August 31, 2016
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Centennial Burger King on E. Arapahoe lands California buyer

Arapahoe County Property Location: 6712 S. Potomac St, Centennial, “Burger King Restaurant” Property Description: 2,885-sf fast-food restaurant, YOC 2001, brick construction Land Size: 0.97 acres Sales Price: $1.98M, or $686.31 per sf Reception No.: D6091641 Closing Date: 8/17 Grantor: Chung Wan Leung & Yim Ngor Luk Grantee: Alberca LLC, Thomas E. Lowery, mgr. 19135 Echo Pass…

John Winslow

August 29, 2016
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Opus closes on 6.4 acres 122,500-sf spec industrial building

Adams County Property Location: SE/S E. 36th Drive, 500 feet NE of Odessa Street Property Description: Vacant land Land Size: 279,167 sf Sales Price: $1.12M, or $4 per sf Reception No.: 2016000065911 Closing Date: 8/10 Grantor: 1435 Pearl Street Apartments LLP, Michael M. Wafer, mgr. Grantee: Opus Development LLC, Peter Coakley, SVP, 303-515-8800 Comments: Lot 2,…

John Winslow

August 26, 2016