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Park N Fly lands Commerce City site for $3.75 million, or $3.45 psf

Adams County Property Location: North side of E. 81st Ave., approx. 1,000’ west of Tower Road, Commerce City Property Description: vacant land, to be rezoned to PUD Land Size: 24.988 acres Sales Price: $3.76, or $3.45 psf Reception No.: 201700081059 Closing Date: 9/11 Grantor: Sark Colorado LLC, Inderpal S. Chopra, mgr. Grantee: Park N Fly…

John Winslow

October 16, 2017
Denver skyline

New office product in demand in Denver metro market

There’s a healthy appetite for new office space in the Denver area, with most of the product currently under construction already preleased. Doug Wulf “Tenants today are seeking out new space more than they ever have,” Cushman & Wakefield Executive Vice President Doug Wulf said at a recent Office Summit & Expo in Aurora. In…

Jill Jamieson-Nichols

October 15, 2017
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Northglenn shopping center sells to Connecticut investor for $48 million

Adams County Property Location: 10410-10450 Melody Drive, Northglenn, “Northglenn Marketplace” (Northwest corner of Interstate 25 & Melody Drive) Property Description: 439,063-sf shopping center, YOC 1999 & 2005 Land Size: 71.6 acres Sales Price: $48M, or $109.32 per sf Closing Date: 9/15 Grantor: HQ8 – 10410-10450 Melody Lane LLC by: LNR Partners, Steve Ferreira Grantee: MP…

John Winslow

October 13, 2017
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NFT acquires 54,000 square feet from landlord in Golden for $4.55 million

Jefferson County Property Location: 4653 Table Mountain Drive, Golden Property Description: 53,656-sf R&D/flex space, YOC 1997, 22’ clear height (31,190 sf warehouse, 13,855 sf office & 5,610 sf lab space), three drive-in doors, Land Size: 5.84 acres Sales Price: $4.55M, or $84.80 psf Reception No.: 2017102479 Closing Date: 10/4 Grantor: Albrook Partners LLC, Andy Kienitz,…

John Winslow

October 12, 2017
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Cabela’s stores snapped up by Phoenix REIT for $57.5 million

Douglas & Adams counties (See both sales) Property Location: 10670 Cabela Drive, Lone Tree Property Description: 103,788-sf single-tenant retail building, YOC 2014, masonry Land Size: 6.099 acres Sales Price: $31.64M, or $304.86 psf Reception No.: 2017066005 Closing Date: 9/27 Grantor: Cabelas Wholesale Inc., James A. Hagale, pres. Grantee: SPT Prairie 10670 CB Drive LLC Comments:…

John Winslow

October 11, 2017
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Unique Properties handles $13.8 million 1031 exchange

Adams County Property Location: 3728-3730 Wheeling St., Aurora Property Description: 121,400-sf (7-building) multitenant industrial complex, YOC 1974, concrete panel construction Land Size: 11.811 acres Sales Price: $9.5M, or $314.71 psf Reception No.: 201700081029 Closing Date: 9/15 Grantor: Wheeling Service Center LLC, M. Dennis Niernberg, mgr. Grantee: Nueva Americana III LLC, 6201 W. 26th Ave., Edgewater…

John Winslow

October 10, 2017

Industrial property with lots of tenants sells to apt. owner

A multifamily property owner turned out to be the “logical” buyer for an industrial property in Aurora that sold off-market. In its first industrial acquisition, Nueva Americana III LLC bought Wheeling Service Center for $9.5 million. Located off Interstates 70 and 225, the property consists of seven multitenant industrial buildings totaling 121,400 square feet that…

Jill Jamieson-Nichols

October 9, 2017
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Capitol Hill apartment complex sells to Boulder investor

Denver County Property Location: 600 & 624 Pennsylvania St., Denver Property Description: 53-unit, five-story walk-up-style apartment building, 36,641 sf, YOC 1962 (renovated in 2015), brick construction Land Size: 31,250 sf Sales Price: $12.85M, or $242,453 per unit Reception No.: 2017124604 Closing Date: 9/18 Grantor: JM Pennsylvania, Jason McCool, mgr. Grantee: M and G LLC, Randal…

John Winslow

October 9, 2017
Sherman Village II

Price for Sherman Village II in Longmont rings up at $7.4M

A Longmont retail center that also includes office space changed hands for $7.4 million, or $119.35 per square foot. Silver Leaf Development LLC bought the 62,000-sf Sherman Village II at 1225 Ken Pratt Blvd. from Sherman Village II LLLP. The center includes approximately 24,000 sf of second floor office space. It had three vacant spaces…

Jill Jamieson-Nichols

October 8, 2017
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Museum acquires site near National Western Complex for $88.68 per square foot

Denver County Property Location: 4700-4712 Brighton Blvd., Denver Property Description: garage and two houses, (land value) Land Size: 11,277 sf Sales Price: $1M, or $88.68 per sf Reception No.: 2017124750 Closing Date: 9/21 Grantor: PMC Land LLC Grantee: Denver Police Museum Development Group LLC, Lance Nading, mgr., & Mark Hesse, president Financing: $650,000 with 0%,…

John Winslow

October 6, 2017