Prime Commerce City industrial site sells for $1.1 million
Adams County Property Location: Northeast corner I-270 & Havana St., Commerce City Property Description: Vacant land zoned industrial Land Size: 3.53 acres Sales Price: $1.1M, or $7.15 psf Reception No.: 89664 2018 Closing Date: 11/2 Grantor: Royal Crest Enterprises LLC (William Kinney, Aaron Kinney & Anthony Spadafora, mbrs.) Grantee: SASS Land LLC (Matt S. Sass, mgr.), Douglas…
John Winslow
November 26, 2018
Lab on Platte sells to institutional buyer for $579 per square foot
The Lab on Platte, a 78,575-square-foot office building anchored by WeWork, sold to an institutional investor for $45.5 million, or $579 per sf, Denver County records show. Soma Capital Partners and CenterSquare Investment Management sold the building in a deal handled by Newmark Knight Frank Vice Chairman John Jugl Jr. and Associate Paul Donahue. The…
Kris Oppermann Stern
November 24, 2018
High-demand Denver industrial buildings command large dollars
Denver County Property Location: 5145 N Clarkson St. Property Description: 2,240-sf office/warehouse (630-sf office area), YOC 2006, metal construction, two-drive-in doors (10’ x 10’) with 12’ clear height Land Size: 9,355 sf Sales Price: $550,000, or $245.54 psf Reception No.: 2018146175 Closing Date: 11/13 Grantor: Blackwater LLC (Christopher J. Chapin, mbr.) Grantee: Drew Bisping 303-789-4759 Financing: Cash…
John Winslow
November 21, 2018
NKF multifamily team sells Northeast Denver apartments for $94.5 million
Denver County Property Location: 16505 Green Valley Ranch Blvd., Denver, “Strata Apts.” Property Description: 336-unit, three-story apartment community with 302,215 rentable sf, YOC 2016. There are 24 small one-bedroom units @ 592 sf; 118 midsize one-bedrooms averaging 681 sf & 26 large one-bedrooms at 784 sf. There are 12 two-bedroom/one-bath units @ 986 sf; 67 midsize…
John Winslow
November 19, 2018
Nate’s Import Automotive expands on adjoining site
Denver County Property Location: 1422 W. Alameda Ave., Denver Property Description: Misc. improvements (land value) Land Size: 12,500 sf Sales Price: $425,000, or $34.00 psf Reception No.: 2018146353 Closing Date: 11/13 Grantor: Surplus Tools & Commodities Inc. (Roger Allan Cox) Grantee: Nathaniel Ramos, 1430 W. Alameda Ave., Denver Financing: Cash Comments: Buyer acquired site next door to his 4,014-sf…
John Winslow
November 19, 2018
Brinkman buys Preston Center office building for $9.6 million
A Fort Collins investor seized the chance to buy a Class A office building on the Harmony Road corridor for $9.6 million. Brinkman Capital bought Preston Center, a 57,287-square-foot building at 2809 E. Harmony Road in Fort Collins, from an affiliate of LNR Partners LLC. The price per sf was $157.58. “This was an opportunity…
Kris Oppermann Stern
November 18, 2018
‘One-of-a-kind’ apartment community sells for $106 million
An Ohio-based real estate investment firm paid $106 million for a distinctive apartment community on the Denver-Boulder corridor. Terracina, a 386-unit community at 13620 Via Varra Road in Broomfield, is The Connor Group’s second acquisition in the Denver market. “It’s a phenomenal asset – one of a kind,” said Shane Ozment of Newmark Knight Frank…
Kris Oppermann Stern
November 17, 2018
Longmont apartment community sells for $256,977 per unit
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Kris Oppermann Stern
November 16, 2018
Idaho developer lands site for Verizon build-to-suit
Denver County Property Location: SWC Tower Road & E. 46thAve., Denver Property Description: Vacant land, build-to-suit for Verizon Cellular Land Size: 19,556 sf Sales Price: $500,000, or $25.57 psf Reception No.: 2018141708 Closing Date: 10/31 Grantor: CP Bedrock LLC by: Tickly Bender Dev. LLC (Chris S. Flagg, VP) Grantee: HRM CSOK LLC, c/o Hawkins Companies, (Ryan Manteuffel,…
John Winslow
November 16, 2018
Central Development snags another 5.43 acres at Centennial business park
Arapahoe County Property Location: West side S. Blackhawk St. at E. Easter Place intersection, approximately 700 feet north of E. Fremont Ave., Centennial Property Description: Vacant industrial land Land Size: 5.426 acres Sales Price: $945,428, or $4 psf Reception No.: D8102864 Closing Date: 10/10 Grantor: Jordan-Arapahoe LLP (Chris M. Wittenbrink, mgr., et al.) Grantee: Encompass Land Venture…
John Winslow
November 15, 2018
