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, 2017Cabela’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, 2017Woodspear makes unusual swap
Woodspear Properties decided it was time to sell The Orchards shopping center in Greenwood Village. And Woodspear ended up selling the prized 73,904-square-foot center in a novel way. But more details of that later. The Orchards, at 5926 S. Holly St., at the key intersection of Orchard Road and Holly Street, is the type of…
Kris Oppermann Stern
October 11, 2017Unique 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, 2017Front Range focus of CREJ conference
[vc_column width="2/3"]Front Range commercial real estate stretches from Northern Colorado to Colorado Springs. And while the geographic markets, like asset types, are at different stages on the scale, no area is hitting a truly sour note. “Our entire Front Range market is in a really good place right now,” said Mike Kboudi, a managing director…
Kris Oppermann Stern
October 9, 2017Industrial 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…
Kris Oppermann Stern
October 9, 2017Capitol 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, 2017Price for Sherman Village II in Longmont rings up at $7.4M
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Kris Oppermann Stern
October 8, 2017Museum 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, 2017South Broadway retail building in Denver sells for $1.55 million
Denver County Property Location: 114-120 S. Broadway, Denver Property Description: 5,450-sf strip center YOC 1933, brick Land Size: 7,812 sf Sales Price: $1.55M, or $284.40 per sf Reception No.: 2017125447 Closing Date: 9/22 Grantor: 114-120 LLC., E.V. Kazazian, mgr., formerly of Denver, now Rancho Mirage, CA Grantee: S. Broadway Investment LLC, Judy Gaines, mgr. Financing:…
John Winslow
October 5, 2017