Residential developer steps into commercial market with $6.3M buy
A Denver townhome/condo developer is stepping into the commercial real estate market with plans to condominiumize a building he purchased in Inverness Business Park. A limited liability company managed by David Burcham of Sanctuary Properties bought a 54,770-square-foot flex building at 67 Inverness Drive East in Englewood for $6.3 million. The property is divided into…
Kris Oppermann Stern
January 6, 2019
East Colfax motel sells to local hotel operator for $1.35 million
Denver County Property Location: 8415 E. Colfax Ave., Denver Property Description: 20 room-motel with 8,150 sf, YOC 1946, brick/frame Land Size: 11,375 sf Sales Price: $1.35M, or $67,500 per room, or $165.64 psf Reception No.: 2018153105 Closing Date: 11/29 Grantor: In Woo Corp. (Su Yeon Lee, pres.) Grantee: SS Motel LLC, et al. (Daniel Eugene Kim, mgr.) Financing:…
John Winslow
January 4, 2019
ULC partners with city, county to create space for nonprofits
The former Adams County Human Services building in Commerce City will house multiple nonprofit organizations, a community food bank and more, thanks to the newly launched Metro Denver Impact Facility. Urban Land Conservancy, in partnership with Adams County and Commerce City, bought the approximately 80,000-square-foot building at 7190 Colorado Blvd. for $3.8 million. It was…
Kris Oppermann Stern
January 3, 2019
Social club/bar/restaurant in Aurora sells for $1.51 million
Arapahoe County Property Location: 15821 E. Centretech Circle, Aurora Property Description: 9,120-sf social/recreation building, YOC 2003, brick/stucco Land Size: 1.5 acres Sales Price: $1.51M, or $165.02 psf Reception No.: D8119764 Closing Date: 11/30 Grantor: Retired Enlisted Association, Chapter 39, Charles D. Baum, pres.) Grantee: Robert Martinez, Aurora 80018 Comments: Listed and sold by Sandra Fish of Fish Realty,…
John Winslow
January 3, 2019
Greenwood Village office building sells to Alvarado Development
Arapahoe County Property Location: 5654 Greenwood Plaza Blvd., Greenwood Village Property Description: 28,500-sf, three-story office building, YOC 1976/1987 Land Size: 39,876 sf Sales Price: $4.17M, or $167 psf Reception No.: D8120054 Closing Date: 12/7 Grantor: Frederick M. Haynes Grantee: Alvarado Development LLC (Linda G. Alvarado, CEO), 303-629-0783 Comments: Listed and sold by Alexander Brase, Craig Bustos, Kevin McKinnon…
John Winslow
January 2, 2019
Retail buildings in Old Town Englewood snagged by Aurora businessman
Arapahoe County Property Location: 4300-4318-4320 S. Broadway, Englewood Property Description: 976-sf retail building, YOC 1926, with 3 parking spaces; 2,086-sf retail building, YOC 1951, with four surface parking spaces; & 1,878-sf retail building, YOC 1928, with four parking spaces – three buildings total 4,940 sf Land Size: 9,375 sf Sales Price: $825,000, or $167 psf Reception…
John Winslow
December 31, 2018
LCP to renovate Denver Housing building into modern offices
Denver Housing Authority’s office building in Capitol Hill has a new owner that will transform the building into modern office space after DHA relocates in the coming months. An affiliate of Denver-based LCP Development LLC bought the six-story building at 777 Grant St. in Denver for $9 million. DHA will be relocating to a new…
Kris Oppermann Stern
December 30, 2018
Marijuana firm lands warehouse in northeast Denver for $3 million cash
Denver County Property Location: 3215 E 42ndAve., Denver Property Description: 33,194-sf warehouse, YOC 1958, brick construction Land Size: 47,376 sf Sales Price: $3M, or $90.38 psf Reception No.: 2018152019 Closing Date: 11/28 Grantor: Steele Street Partners LLC (David Karas, mgr.) Grantee: Green Drop Colorado LLP (Zac Larsen, mgr.) Financing: Cash Comments: Pt Lots 10-16, 17-24 Block 48, First…
John Winslow
December 28, 2018
Two downtown Castle Rock office buildings exchange hands
Douglas County 1. Property Location: 413 Wilcox St., Castle Rock Property Description: 5,276-sf, two-story office building, YOC 1971 Land Size: 10,498 sf Sales Price: $1.55M, or $293.78 psf Reception No.: 2018072825 Closing Date: 12/3 Grantor: Plum Creek Partners LLC (William D. Schlanger & Elaine S. Stucy, mgr.) Grantee: KNO Inc. Comments: Seller has been a tenant in the…
John Winslow
December 28, 2018
Turn-of-the-century boutique apartments sell for $2.38M
Denver County Property Location: 1432 Pennsylvania St., Denver, “Glenellen Apartments” Property Description: Eight-unit, three-story apartment building, 8,664 sf, YOC 1919, brick construction Land Size: 6,250 sf Sales Price: $2.38M, or $296,875 per door, or $274.12 psf Reception No.:2018152667 Closing Date: 11/28 Grantor: 1432 Pennsylvania Street LLC Grantee: Eight Point Properties LP, c/o BRC Real Estate LLC (Michael…
John Winslow
December 27, 2018
