Bell Partners of North Carolina acquires apartments for $90.5M
Adams County Property Location: 11900 Newton St., Westminster, “Bell Bradburn Apts.” Property Description: 310-unit, three-story apartments, 389,578 sf rentable area, YOC 2002, frame construction. The unit mix is 84 one-bedroom units, 210 two-bedroom units and 16 three-bedroom units Land Size: 11.176 acres Density: 27.74 units per acre Sales Price: $90.48M, or $291,854 per unit or Reception…
John Winslow
December 10, 2018Lodging for outdoor enthusiasts comes to Colorado
A boutique lodging company that’s captured the attention of the outdoor recreation industry is coming to Colorado. “Colorado is known nationwide to be a primary outdoor recreation destination,” said Johannes Arlen, CEO and co-founder of Seattle-based Loge Camps. “It’s really a matter of serving our customers, knowing that they want to go there.” Loge Camps,…
Kris Oppermann Stern
December 8, 2018Wonderland Creek Townhomes trades in $21 million deal
A townhome-style apartment community in Boulder sold to a California buyer for $21 million, or $512,195 per unit. Wonderland Creek Townhomes, located at 3701 Paseo del Prado, was developed and sold by WCT LLC, a partnership of Scott Woodward of Boulder and Brinkman Partners. Eng-Skell Co. was the buyer, according to Boulder County records. The…
Kris Oppermann Stern
December 7, 2018Kangaroo II jumps off the market at price of $4.95 million
Kangaroo II Self-Storage, a 73,325-square-foot storage facility in Loveland, recently sold for $4.95 million, according to Larimer County records. The property is located at 100 Valency Drive, off U.S. Highway 287 and 14th Street Southwest. Kangaroo II Self Storage LLC, a local, private entity, sold the property to CSGBSH Loveland CO I LLC, an East Coast…
Kris Oppermann Stern
December 7, 2018Build-to-suit site for 7-Eleven purchased in Aurora
Arapahoe County Property Location: Northwest Corner E. Alameda Pkwy. & Airport Blvd., Aurora Property Description: Vacant land, proposed 3,010-sf, 24-hour convenience store with 6 bays and 12 gasoline pumps Land Size: 3.296 acres Sales Price: $1.63M, or $11.32 psf Reception No.: D8116673 Closing Date: 11/26 Grantor: Tollgate Properties LLC (Lisa J. Levy, mgr.) Grantee: BV Airport LLC,…
John Winslow
December 6, 2018Commerce City warehouse is snagged by owner-user for $1.21 million
Adams County Property Location: 6430 E. 50thAve., Commerce City Property Description: 11,692-sf warehouse, twin-tee construction, YOC 1962 Land Size: 18,295 sf Sales Price: $1.21M, or $103.49 psf Reception No: 93283 2018 Closing Date:11/16 Grantor: JS Builders LLC Grantee: Blackwater LLC (Christopher John Chaplin, mbr.), 303-920-2286 Financing: $993,600 SBA loan payable to Wells Fargo Bank, NA Comments: Listed…
John Winslow
December 5, 2018CBRE sells Castle Rock apartments for $73.05M
Denver County Property Location: 4300 Swanson Drive, Castle Rock, “Echelon at the Meadows” Property Description: 240-unit, three-story apartment community with 261,924 rentable sf, YOC 2018. Unit breakdown: 24 one-bedroom units @ 757 sf; 24 one-bedroom units @ 809 sf; 24 one-bedroom units @ 859 sf; 24 one-bedroom units @ 954 sf; 48 two-bedroom, two-bath units…
John Winslow
December 4, 2018Local roofing company snags Aurora office/warehouse for $1.35 million
Adams County Property Location: 1660 Chambers Road, Aurora Property Description: 9,393-sf office/warehouse, masonry, YOC 1962 Land Size: 20,475 sf Sales Price: $1.35M, or $143.72 psf Reception No.: 94513 2018 Closing Date: 11/26 Grantor: Cardinal Enterprises LLC (Brad Hrabik, mbr.) Grantee: Highline Roofing & Gutters Inc. (Eduardo Vazquez-Miranda, pres.) Financing: $1.01M payable to Commerce Bank, NA Comments: Listed for…
John Winslow
December 4, 2018Newmark Knight Frank sells 256-unit Ironwood at Red Rocks for $75.4 million
Jefferson County Property Location: 13195 W. Progress Circle, Littleton, “Ironwood at Red Rocks” Property Description: 256-unit, three-story apartment community with 247,616 sf, YOC 2002, brick & frame construction Land Size: 12.248 acres Sales Price: $75.4M, or $294,531 per unit, or $304.50 psf Reception No.: 2018100012 Closing Date: 11/1 Grantor: Belle View Apartments LLC, c/o Embry Development (Brent…
John Winslow
December 3, 2018International nonprofit buys final building in Concord Business Park
An international relief organization has a permanent home in the Denver area thanks to its $11.39 million purchase of the final building at Concord Business Center in Douglas County. Samaritan’s Purse, a nondenominational Christian organization, bought a 63,550-square-foot industrial building at 8648 S. Peoria St. that developer IBC Holdings just completed. The building finalized build-out…
Kris Oppermann Stern
December 2, 2018