Southwest Denver convenience store sells for $1.1 million
Denver County Property Location: 2680 S. Federal Blvd. Property Description: 2,070-sf convenience store with gasoline pumps, YOC 1977 Land Size: 16,750 sf Sales Price: $1.12M, or $170.40 psf Reception No.: 2018093191 Closing Date: 7/25 Grantor: Federal Blvd Real Estate LLC (Hung & Nina Tran, mgrs..) Grantee: Laxmi Ganesh 2 Inc. (Madan Sitaula, pres.), 3380 East 140thPlace, Thornton…
John Winslow
August 21, 2018
Offshore investor buys 1670 Broadway
An offshore investor bought 1670 Broadway, an iconic office tower with some of the strongest credit tenancy in downtown Denver, for $238 million. UBS Realty Investors LLC sold the building, anchored by TIAA, to New York-based JM Capital LLC, a real estate firm and investment adviser that partnered with Pacific Rim capital. UBS recently completed…
Kris Oppermann Stern
August 17, 2018
Goodman Commercial sells University of Denver apartments
Denver County Property Location: 2441 S. York St., Denver Property Description: 17-unit, three-story apartment, 8,400 sf, YOC 1967, brick Land Size: 6,250 sf Sales Price: $3.1M, or $182,353 per unit, or $369.05 psf Reception No.: 2018093792 Closing Date: 7/27 Grantor: 2441 LLC (Alan G. Hart, mgr.) Grantee: South York Street LLC (Kurt Lochmiller, mgr.) Financing: $1.73M payable…
John Winslow
August 17, 2018
User pays $112 per square foot for warehouse building in Denver
An industrial user that was looking for additional space found it in a building centrally located building off of Interstate 70 in Denver. JPE Properties LLC, comprised of the owners of FMH Material Handling Solutions Inc., purchased a 56,376-square-foot warehouse at 4751-4755 E. 46th Ave. It paid $6.3 million, or $112 per sf, for the…
Kris Oppermann Stern
August 16, 2018
Value-add Aurora apartments snagged for $18.4 million
Arapahoe County Property Location: 11910 E. Kansas Drive, Aurora, “Verona Park Apartments” Property Description: 119-unit, 8-building, three-story apartment complex w/104,880 sf, YOC 1972, renovated in 2015, wood frame construction Land Size: 8.958 acres Sales Price: $18.4M, or $175.44 psf, or $154,622 per unit Reception No.: D8074728 Closing Date: 7/30 Grantor: Mountain View LLC(Jeffrey K. Sanders, mgr.) Grantee:…
John Winslow
August 16, 2018
Thompson Thrift Retail Group lands first Colorado retail site
Adams County Property Location: Northeast corner Chambers & 104thAve, Thornton Property Description: Vacant land Land Size: 14.039 acres Sales Price: $4.27M, or $6.99 psf Reception No.: 57879 2018 Closing Date: 7/17 Grantor: 217 associates Partnership (Donald E. Lunnon, mgr.) Grantee: TTRG Commerce, c/o Thompson Thrift Retail Group, Indianapolis, IN (c/o Paul M. Thrift, mgr.) Financing: $5.64M payable to…
John Winslow
August 15, 2018SCL Health pays $11.59 million for Clear Creek Crossing site
SCL Health closed on the $11.59 million purchase of 26.6 acres of land in Wheat Ridge, but said it hasn’t determined exactly how it will use the site. The highly visible property is part of Evergreen Devco Inc.’s planned Clear Creek Crossing, located at the southwest quadrant of Interstate 70 and Colorado Highway 58. The…
Kris Oppermann Stern
August 13, 2018
City Office REIT purchases Circle Point Corporate Center
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Kris Oppermann Stern
August 13, 2018
Florida investor snags Westminster retail strip center for $3.25 million
Adams County Property Location: 13591 Huron St., Westminster Property Description: 5,389-sf retail strip center (three tenants), YOC 2016 Sales Price: $3.25M Reception No.: 54742 2018 Closing Date: 6/27 Grantor: Westminster Huron Retail Group Grantee: 13591 Huron Street LLC, 3000 Gulf to Bay Blvd., Suite 303, Clearwater, FL Financing: Cash Comments: Tenants include a liquor store,…
John Winslow
August 13, 2018
Medical device company leases 105,561 square feet
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Kris Oppermann Stern
August 12, 2018
