NexGen Properties acquired Broomfield strip center for $3.85 million
Broomfield County Address or Location: 6765 & 6785 W. 120th Ave, Broomfield Improvements: 21,020 sf strip center, YOC 1993 Land Size: 2.13 acres Date of Recording: 7/28 Reception No.: 2017009406 Price: $3.85M or $183.16 psf Grantor: GST Trust, etal (Michele Bodner, Trustee) Grantee: Broomfield Marketplace Holdings LLC (Travis McNeil, mgr) Financing: $1,925,000 payable to Security…
John Winslow
September 12, 2017Northwest Denver retail investment closes at $1.3 million
Denver County Address or Location: 4437 W. 38th Ave., Denver, “Jameson’s Garage” Improvements: 8,154 net leasable sf, three-tenant commercial building, YOC 1900 (completely gutted and renovated in 2017) Land Size: 13,962 sf Date of Recording: 7/28 Reception No.: 2017106868 Price: $1.3M, or $183.16 psf Grantor: 4437 W. 38th Avenue LLC, Adam Fenton, mgr. Grantee: Jameson’s…
John Winslow
September 5, 2017Ground lease investment opportunity in Broomfield snagged for $1.65 million
Broomfield County Address or Location: 5725 W. 120th Ave., Broomfield Improvements: Land lease Land Size: 40,393 sf Date of Recording: 7/27 Reception No.: 2017009652 Price: $1.64M Grantor: 5275 West 120th LLC by: Sidford Capital LLC, Bradley Brooks, mgr. Grantee: Castle Park Inc. Financing: Cash Comments: See file plat 2017000272 for Lot 1, Brunner Sub, Filing…
John Winslow
September 4, 2017Standley Lake Marketplace sells in online auction
A private investor out of Colorado Springs purchased the property comprising 55,446 square feet and 21 retail suites, eight of which were vacant (45 percent) at the time of sale, at 8393-8533 Church Ranch Blvd. in Westminster.
Jolene Wollett
September 4, 2017Denver sushi chef acquires former Gaia Bistro for $1.3 million
Denver County Property Location: 1551 S. Pearl St., Denver Property Description: 1,257-sf restaurant, YOC 1918 Land Size: 6,250 sf Sales Price: $1.3M, or $81.07 per sf Reception No.: 2017107439 Closing Date: 8/11 Grantor: 1551 South Pearl LLC, Patrick David Finney, mgr., 303-999-0187 Grantee: Toshihiro Kizaki Comments: This was originally planned as a redevelopment transaction as…
John Winslow
August 28, 2017Former apartment owner trades into triple-net investment in Brighton
Adams County Property Location: 189 S. 50th Ave., Brighton, “The Learning Experience” Property Description: 10,000-sf day care, YOC 2017, Land Size: 1.38 acres Sales Price: $3.64M, or $364.28 per sf Reception No.: 65967 2017 Closing Date: 7/28 Grantor: Big Black Dog LLC, Ben R. Doud, mgr. Grantee: Prentice Ave Apartments LLC, Dino Katsoulas, mgr. Financing:…
John Winslow
August 23, 2017Clock ticking on GSA auction of 59-acre TOD site in Lakewood
Clickbait. The clock is ticking on an online auction to buy 59 acres of high-profile, transit-oriented development land being sold by Uncle Sam. Sort of. The GSA is auctioning this prime site in Lakewood online, but the auction faces some headwinds. The current deadline for the auction for the land in the Denver Federal Center…
Kris Oppermann Stern
August 23, 2017Buyer takes shine to value-add shopping center in Centennial
The buyer paid $11 million, or $67.31 per sf, for Willow Creek Shopping Center, a 163,412-sf value-add retail center at the northeast corner of South Quebec Street and County Line Road in Centennial.
Jolene Wollett
August 17, 2017Park Hill golf course a large opportunity & delicate balancing act
Steve Ferris, Founder and principal, Real Estate Garage, Denver This the fourth in the series on Denver’s “whale sites,” defined as extremely prominent and underdeveloped land parcels whose size and location will define Denver’s future growth and development. Examples include the Burnham Yard, the former Denver Post Printing Site, Elitch Gardens, the Broadway Station Area…
Steve Ferris
August 15, 2017Shopette sells at record cap rate
The buyer purchased Woodmen Plaza, a 6,502-square-foot multitenant retail building at a cap rate of around 5.75 percent – the lowest cap rate for a stabilized multitenant retail property in Colorado Springs.
Jolene Wollett
August 14, 2017