Westfield lands Rocky Mountain Prestress site

By John Winslow December 17, 2018

Adams County

Property Location: Northwest corner W. 56^thAve. & Pecos St., also fronts north and south sides of C&S Railroad right of way (5801 Pecos St.), Denver

Property Description: 42,772-sf manufacturing building, YOC 1979; 11,020-sf service garage, YOC 1979; 15,844-sf warehouse, YOC 1979; 11,850-sf office building, YOC 1959, 8,600-sf office building, YOC 1970; 32,544-sf storage warehouse building, YOC 1977. Redevelopment site

Land Size: 60.133 acres

Sales Price: $40.71M, or $15.54 psf (see comments)

Reception No.: 94949 2018

Closing Date: 11/19

Grantor: Rocky Mountain Prestress LLC (David Holsteen & Travis W. Gilmore)

Grantee: Pecos Logistics Park LLC, c/o Westfield, 4221 Brighton Blvd., Denver 80216; attn: Richard G. McClintock, 303-298-1111

Comments: According to a Westfield spokesman, the price includes other considerations and would otherwise be very high for the market.See Lease, reception number 2018000094950 for a period commencing Nov. 27, 2018, and ending July 30, 2020. See file plat 201800092478, filed on 11-9-2018. See Assessor Parcel Numbers as follows:

5751 Pecos St – 1825-09-3-13-001 = 45.243 acres – improved
5801 Pecos St – 1825-09-3-14-001 = 4.736 acres – improved
1901 W. 56^thAve – 1825-09-3-00-058 = 1.54 acres – vacant land
5700 Vallejo St – 1825-09-3-00-056 = 0.36 acres – 1,120-sf house, YOC 1953
1921 W. 56^th– 1825-09-3-00-023 = 0.37 acres – 1,066-sf house, YOC 1957
1825-09-3-09-001 = 3.16 acres – vacant land
1825-09-3-12-001 = 0.86 acre – vacant land *
1825-09-3-12-002 = 0.97 acres – vacant land *
1825-09-3-00-063 = 1.974 acres – vacant land
10) 1825-09-3-00-067 = 0.92 acres – vacant land

APN parcels 7 & 8 front on northwest corner of W. 56^thAve. & Pecos St.

Seller entered into a short-term (18-month sale-leaseback) as the purchaser finalizes plans for the site.

Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.