Lone Tree apartments snagged by Braddock and Logan for $110.85 million
Douglas County Property Location: 10047 Park Meadows Drive, Lone Tree Property Description: 400-unit apartment complex, 400,196 sf, plus 9,416-sf retail space, YOC 2003; 550 surface parking spaces, 121 detached garages Land Size: 14.46 acres Density: 27.66 units per acre Sales Price: $110.85M, or $277,125 per unit, or $270.62 per sf Reception No.: 2018004992 Closing Date:…
John Winslow
February 8, 2018
Long-term Denver investor acquires restaurant with a 10-year lease
Denver County Property Location: 3500 Larimer St., Denver, “Hop Alley” restaurant Property Description: 5,158-sf restaurant, YOC 2000 Land Size: 6,244 sf Sales Price: $2.08M, or $403.26 per sf Reception No.: 2018009282 Closing Date: 1/24 Grantor: KOCV Fund I LLC, Chris Viscardi, mgr. Grantee: Arapahoe and Folsom Associates LLP, Rob Naiman, mgr., 303-534-5929, Denver 80202 Comments:…
John Winslow
February 7, 2018
Business park on old speedway revs up for design update
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Kris Oppermann Stern
February 5, 2018Sessions’ impact on marijuana commercial real estate
Glen Weinberg Managing partner, Fairview Commercial Lending, Evergreen Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country. In a break with past federal policies taking a hands-off approach, Sessions instead will let federal prosecutors, where pot is legal, decide how…
CREJ
February 3, 2018
Horizons North Credit Union acquires pad site for in Westminster
Adams County Property Location: 13559 Huron St., Westminster Property Description: Vacant retail pad site Land Size: 1.16 acres Sales Price: $960,000, or $19 per sf Reception No.: 2018000005882 Closing Date: 1/18 Grantor: Retail Services Company LLC, Michelle Gayeski, mbr., 720-290-4447 Grantee: Horizons North Credit Union, 303-451-1146, Northglenn 80233 Financing: Cash Comments: Lot 3B, First Replat…
John Winslow
February 2, 2018
Institutional investor pays $133 per sf for new industrial building
An institutional investor paid $133.66 per square foot for a newly built, fully leased industrial building in Douglas County, which sold at a record low cap rate for the southeast industrial submarket. Lincoln Advisory Group, on behalf of a public pension fund client, bought 14150 Grasslands Drive for $13.5 million. The 101,000-sf building, known as…
Kris Oppermann Stern
February 1, 2018
Four Western Convenience stores sell for $7.98 million
Adams County Property Location: 2301 E. 88th Ave., Thornton, 2387 W. 72nd Ave., Westminster, 9190 Huron St., Thornton, 1351 E. Bridge St., Brighton Property Description: 1) 2,467-sf C-store, YOC 1987; 2) 1,054-sf C-Store, YOC 1966; 3) 1,713 sf C-Store and car wash, YOC 1971; 4) 2,625 sf C-Store & 1,000-sf car wash, YOC 2017 Land…
John Winslow
February 1, 2018
California retail investor acquires Tamarac Shopping Center for $20 million
Denver County Property Location: 7777 E. Hampden Ave. & 3333 S. Tamarac St., Denver, “Tamarac Shopping Center” Property Description: 68,534-sf shopping center, YOC 1976 Land Size: 7.21 acres Sales Price: $20M, or $291.83 per sf Reception No.: 2017164598 Closing Date: 12/18 Grantor: AIP Properties #1 LP c/o DDR Grantee: Tamarac Shopping Center 17 A LLC…
John Winslow
January 31, 2018
Ohio investment group snags 1980s apartments for $50 million
Arapahoe County Property Location: 4957 S. Prince Court, Littleton, “Summit Riverside Apts.” Property Description: 248-unit, three-story apartment with 198,032 rentable sf, YOC 1987, frame (22 studios, 144 one-bedroom units and 82 two-bedroom units) Land Size: 10.049 acres Sales Price: $50M, or $201,613 per door, or $252.48 psf Reception No.: D8007969 Density: 24.68 dwelling units per…
John Winslow
January 30, 2018
Centennial flex building changes hands in $10.16M transaction
A group that took a Centennial office/flex building from cold-shell condition to 95 percent occupancy sold the property to a California buyer for $10.16 million. ME Landings LLC, made up of David J. Erb & Co. and Montex LLC, bought the 81,946-square-foot Centennial Technology Place at 6912 S. Quentin St. from a lender in 2011.…
Kris Oppermann Stern
January 29, 2018
