New restaurant proposed with sale of Augustine Grill
Douglas County Property Location: SWC Sixth & Wilcox streets, 519 Wilcox St., Castle Rock Property Description: 1,776-sf restaurant, YOC 1902, frame, & 565-sf storage building (land value) Land Size: 14,024 sf Sales Price: $1.19M, or $84.78 psf Closing Date: 2-23 Reception No.: 2018011016 Grantor: Augustine Grill LLC, Michael & Anna Linney, mgrs. Grantee: Wasson Family Holdings LLC, Andrew Wasson,…
John Winslow
March 23, 2018Del Taco grabs restaurant site in Castle Rock Promenade
Douglas County Property Location: W/S Promenade Pkwy., south of Castle Rock Pkwy. Property Description: Pad site for fast food restaurant Land Size: 39,180 sf Sales Price: $1.3M, or $33.18 psf Closing Date: 3/5 Reception No.: 2018014859 Grantor: Blue Mist Spirea LLC, Donald G. Provost, mgr., 303-771-4004 Grantee: Del Taco LLC, 25521 Commercecentre Drive, Suite 200, Lake Forest, CA 92630…
John Winslow
March 21, 2018Aspen building sells for $28 million to Florida-based buyer
Consolidated-Tomoka Land Co. purchased the 19,596-square-foot building at East Hyman Avenue and Hunter Street, approximately one block from the Aspen Art Museum and two blocks from The Little Nell hotel.
Jolene Wollett
March 18, 2018New King Soopers joining The Point at Nine Mile Station
The Point at Nine Mile Station will be a mixed-use development, including not only a new King Soopers on the 22-acre site but also destination and entertainment oriented retail and approximately 500 rental, affordable and for-sale multifamily units.
Jolene Wollett
March 18, 2018Lower Downtown haunt sells to investor for $2.4 million
A local investor became the owner of a historic Lower Downtown haunt for $2.4 million. Dating to 1863, the Blake Street Vault building at 1526 Blake St. is one of the oldest buildings on Blake Street. Completed as a saloon and boarding house in 1863, it is said to be haunted by an old-time saloon…
Kris Oppermann Stern
March 17, 2018$4 million from Heaven leads to acquisition of former Walmart store
Jefferson County Property Location: 14605 West 64th Ave., Arvada Property Description: 57,650-sf closed Walmart store, YOC 2001, masonry (Walmart closed this store in July 2017.) Land Size: 5.683 acres Sales Price: $4M, or $69.38 psf Reception No.: 2018019502 Closing Date: 2/27 Grantor: Walmart Real Estate Business Trust, Robert Stoker, director Grantee: Storyline Fellowship Inc., Ben Mandrell, lead…
John Winslow
March 14, 2018Colorado discount stores are filling the big-box retail void
When multiple big-box retail stores announced their closures in 2017, the U.S. saw massive closures nationwide. Colorado was not spared the onslaught, hemorrhaging chain retail businesses like Gymboree, Radioshack and
CREJ
March 11, 2018Investor acquires small-format retail center in Springs
A private-capital investor out of Colorado Springs paid $2.79 million, as part of a 1031 exchange, for Rustic Hills Marketplace, a multitenant retail center at 1330-1360 N. Academy Blvd. in Colorado Springs.
Jolene Wollett
March 9, 2018Leon Capital purchases closed McDonald’s building for $10.46 per square foot
Jefferson County Property Location: 801 Wadsworth Blvd., Lakewood Property Description: 4,109-sf closed McDonalds restaurant, YOC 1982 Land Size: 54,972 sf Sales Price: $575,000, or $10.46 per sf (before demolition cost)* Reception No.: 2018019087 Closing Date: 3/1 Grantor: McDonald’s Corp., Michael Van Poucke, senior counsel Grantee: LCP Wadsworth LLC c/o Leon Capital Group, 214-865-8082, attn: Will Tolliver, mgr.…
John Winslow
March 9, 2018Pinnacle Real Estate Advisors facilitates 1031 exchange of single-tenant building
Arapahoe County Property Location: 7436 S. Eagle St., Centennial Property Description: 10,828-sf warehouse/auto shop, YOC 1984, masonry Land Size: 41,828 sf Sales Price: $1.83M, or $169 per sf Reception No.: D8015438 Closing Date: 2/15 Grantor: 528 N. Washington St. LLC, Jay P. Burton, mgr., Durango Grantee: Eagle Street 1031 LLC by: National Safe Harbor Exchanges Financing: 1031…
John Winslow
March 8, 2018