NKF multifamily team sells Northeast Denver apartments for $94.5 million
Denver County Property Location: 16505 Green Valley Ranch Blvd., Denver, “Strata Apts.” Property Description: 336-unit, three-story apartment community with 302,215 rentable sf, YOC 2016. There are 24 small one-bedroom units @ 592 sf; 118 midsize one-bedrooms averaging 681 sf & 26 large one-bedrooms at 784 sf. There are 12 two-bedroom/one-bath units @ 986 sf; 67 midsize…
John Winslow
November 19, 2018
Nate’s Import Automotive expands on adjoining site
Denver County Property Location: 1422 W. Alameda Ave., Denver Property Description: Misc. improvements (land value) Land Size: 12,500 sf Sales Price: $425,000, or $34.00 psf Reception No.: 2018146353 Closing Date: 11/13 Grantor: Surplus Tools & Commodities Inc. (Roger Allan Cox) Grantee: Nathaniel Ramos, 1430 W. Alameda Ave., Denver Financing: Cash Comments: Buyer acquired site next door to his 4,014-sf…
John Winslow
November 19, 2018
Brinkman buys Preston Center office building for $9.6 million
A Fort Collins investor seized the chance to buy a Class A office building on the Harmony Road corridor for $9.6 million. Brinkman Capital bought Preston Center, a 57,287-square-foot building at 2809 E. Harmony Road in Fort Collins, from an affiliate of LNR Partners LLC. The price per sf was $157.58. “This was an opportunity…
Kris Oppermann Stern
November 18, 2018
‘One-of-a-kind’ apartment community sells for $106 million
An Ohio-based real estate investment firm paid $106 million for a distinctive apartment community on the Denver-Boulder corridor. Terracina, a 386-unit community at 13620 Via Varra Road in Broomfield, is The Connor Group’s second acquisition in the Denver market. “It’s a phenomenal asset – one of a kind,” said Shane Ozment of Newmark Knight Frank…
Kris Oppermann Stern
November 17, 2018
Longmont apartment community sells for $256,977 per unit
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Kris Oppermann Stern
November 16, 2018
Idaho developer lands site for Verizon build-to-suit
Denver County Property Location: SWC Tower Road & E. 46thAve., Denver Property Description: Vacant land, build-to-suit for Verizon Cellular Land Size: 19,556 sf Sales Price: $500,000, or $25.57 psf Reception No.: 2018141708 Closing Date: 10/31 Grantor: CP Bedrock LLC by: Tickly Bender Dev. LLC (Chris S. Flagg, VP) Grantee: HRM CSOK LLC, c/o Hawkins Companies, (Ryan Manteuffel,…
John Winslow
November 16, 2018
Thankful commercial RE experts
Thanksgiving is a time to be thankful for all of your blessings…and to eat too much turkey! One thing is for certain, though. Denver’s commercial real estate market is no turkey. With Thanksgiving just around the corner, I thought a holiday Rebchook Real Estate Corner column should be on the table. With a nod to…
Kris Oppermann Stern
November 15, 2018
Central Development snags another 5.43 acres at Centennial business park
Arapahoe County Property Location: West side S. Blackhawk St. at E. Easter Place intersection, approximately 700 feet north of E. Fremont Ave., Centennial Property Description: Vacant industrial land Land Size: 5.426 acres Sales Price: $945,428, or $4 psf Reception No.: D8102864 Closing Date: 10/10 Grantor: Jordan-Arapahoe LLP (Chris M. Wittenbrink, mgr., et al.) Grantee: Encompass Land Venture…
John Winslow
November 15, 2018
Houston investor snags two marijuana-tenant Industrial buildings
Denver County 1. Property Location: 4600 Ironton St., Denver Property Description: 37,636-sf warehouse, YOC 1976, twin tee construction Land Size: 2.21acres Sales Price: $3.6M, or $95.65 psf Reception No.: 2018140225 Closing Date: 10/29 Grantor: BCP-4600 Ironton LLC (Chad A. Brue, mgr.), 303-500-8959 Grantee: GS Ironton LLC, Chris Calato, 832-301-3933, c/o Morningside Capital Comments: This building has been divided…
John Winslow
November 14, 2018
Alliance Residential pays $7.85 million for Uptown Denver site
Denver County Property Location: SEC & SWC E. 18thAve. & Marion St., Denver Property Description: Misc. improvements (land value) Land Size: 45,373 sf Sales Price: $7.85M, or $173.01 psf, or $35,202 per buildable unit Reception No.: 2018143156 @ 2018143129 Closing Date: 11/5 Grantor: Mile High Montessori Early Learning Centers (Pamela Harris, CEO) & Children’s Hospital Colorado (Jeff…
John Winslow
November 13, 2018
