Westminster Lodo’s sports bar trades for $2.59M

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Adams County

Property Location: 3053 W. 104thAve., Westminster, “Lodo’s Bar & Grill

Property Description: 8,909-sf restaurant/sports bar, YOC 2007

Land Size: 2 acres

Sales Price: $2.59M, or $290.16 psf

Reception No.: 2018000103634

Closing Date: 12-17

Grantor: Grove Street Land Company LLC (Christopher Myers, mbr.)

Grantee: MCSV 3053 West 104thAvenue LLC (Kenneth Monfort, mgr.)

Financing: $18.7 million payable to U.S. Real Estate Credit Holdings III-A, LP

Comments: Buyer will operate the sports bar and grill at this location. The deed of trust encumbers other properties. This is one of three Lodo’s that Monfort acquired in December 2018.

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.

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