The Winslow Report 3-15-16

4224
4224
Share this Article
Facebook Twitter LinkedIn Google Pinterest StumbleUpon Email
Winslow Report

Adams County

Property Location: 7545 Bradburn Blvd., Westminster, “Bradburn Garden Apts.”

Property Description: 44-unit, two-story apartment, “walkup style,” with four buildings, 31,680 sf, YOC 1973, brick/stucco construction

Land Size: 1.52 acres

Sales Price: $3.9M, or $88,636 per unit, or $122.41 per sf

Reception No.: 2016000012743

Closing Date: 2/18

Grantor: Nielson Gardens LLC, Carl C Nielson, mgr.

Grantee: 1575 Galena Partners LLC

Financing: Payable to Guaranty Bank & Trust

Comments: 31 two-bedroom units @ 735 sf, renting for $876 per mo.; 12 one- bedroom units @ 600 sf renting for $780 per mo.; and 1 three-bedroom @ 800 sf renting for $1,050 per mo. EGI is $458,466 and expenses are $3,246 per door, with NOI at $315,606, or 8.09% cap rate. The sale was handled by Marc Lippitt, Ryan Floyd & Adam Riddle of Unique Properties LLC-TCN Worldwide, 303-321-5888.

Property Location: SWC East Bridge Street & South 50th Street, Brighton

Property Description: Vacant land

Land Size: 2.8 acres (two parcels)

Sales Price: $2.13M, or $17.47 per sf

Reception No.: 2016000015195

Closing Date: 2/26

Grantor: S3L Holdings LLC & 70 Ranch LLC

Grantee: Catholic Health Initiatives Colorado, Courtney Hanfland, director of real estate transactions, 303-518-4676, or courtneyhanfland@catholichealth.net

Comments: Property was listed by Crosbie Real Estate Group, Rick Hobbs, 720-287-6865, & Sarah Alfano, 720-287-6871. This property is directly east of the 7-Eleven and north of Les Schwab Tires.

 

Property Location: SEC East 112th Avenue & Colorado Boulevard, Thornton

Property Description: Vacant land

Land Size: 3.34 acres

Sales Price: $1.4M, or $9.62 per sf

Reception No.: 2016000014229

Closing Date: 2/24

Grantor: SPG Investors LLC

Grantee: Maverik Inc., *Crystal Call Maggelet, CEO & pres., & Matt Monson, investment director, both of F.J. Management, 877-936-5557

Financing: Cash deal

Comments: Plan to build a Maverik convenience store with gasoline pumps. This site is directly north of the Conoco convenience store with a car wash; see 11090 Colorado Blvd. Maverik has an estimated 267 stores in the western portion of the USA, primarily in Colorado, Wyoming, Utah, Arizona, Idaho, Montana, Nebraska, Nevada, Oregon, Washington, and ranked 37th convenience store in the country. *Daughter of one of the founding principals of the company.

Property Location: 7160 Irving St., Westminster

Property Description: 12,724-sf warehouse, YOC 1981, masonry/block const., 20’ clear height & 26 parking spaces

Land Size: 28,314 sf

Sales Price: $1.15M, or $90.38 per sf

Reception No.: 2016000013019

Closing Date: 2/18

Grantor: McBride Brothers Investments LLC

Grantee: 7160 Irving Street LLC, Dr. Desi J. Penington, mgr., 303-450-8191

Financing: Payable to Compass Bank

Comments: Building was vacant at time of sale; asking lease rate was $7.95 per sf, triple net, offered by Jeremy Kroner, 720-528-6455, or Bill Thompson, 720-528-6373, CBRE Inc. Buyer’s company, MedInfo Inc., will occupy space.

Arapahoe County

Property Location: 5820 S. Windermere St. & 5829 S. Datura St., Littleton, “Southview Place Towers”

Property Description: 259-unit apartment complex in two five-story buildings, 240,301 sf, YOC 1972, masonry construction

Land Size: 5.88 acres

Sales Price: $30.51M, or $117,782 per unit, or $126.95 per sf

Reception No.: D6016057

Closing Date: 2/16

Grantor: Southview Place Towers LLC, James D. Hudson, pres., Hudson Ideal Co., 1200 28th St., Suite 100, Boulder 80303, 303-442-6380

Grantee: Tebo-Orvis LLC, Stephen D. Tebo, mgr.

Financing: $26.15M payable to Homestreet Bank

Comments: Senior 55 and older apartment units. Small studio contains 296 sf; medium-size studio contains 375 sf; large studio @ 425 sf; one-bedroom @ 696 $915-$950 sf; two-bedroom @ 966 sf; 2-bedroom split @ 990, 1,135 and 1,175-1,210 sf. Underground parking is $40, subject to lease between seller & New Cingular Wireless PCS LLC; see D3128194 & amendment D4031796.

Property Location: 7801 E. Arapahoe Road, Englewood

Property Description: 11,097-sf bank, YOC 1980, masonry construction

Land Size: 43,222 sf

Sales Price: $5.33M, or $479.86 per sf

Reception No.: D6016057

Closing Date: 2/16

Grantor: Robert A. Koontz & Gregory L. Armstrong

Grantee: Kevan D. Baltzer & Lisa M. Baltzer, trustees, Coeur d’Alene, ID

Comments: Tenant is U.S. Bank. Seller is Armstrong Capital Development, 303-799-4030 or www.acd-co.com. The tenant had the first right of refusal, which it waived. The listing broker was CBRE Inc., Matt Hendricks, 970-412-8245 or 720-528-6308.

Property Location: 7935-7995 E. Prentice Ave., “Offices at the Promenade”

Property Description: 128,303-sf (two office buildings), including 75,297-sf five-story office building, 53,006-sf, four-story office building, both constructed in 1974 and renovated in 2008

Land Size: 8.76 acres

Sales Price: $16.85M, or $131.33 per sf

Reception No.: D6020388

Closing Date: 2/26

Grantor: Denver Promenade LLC, Felton Properties, Portland, OR 97204, Matthew J. Felton, mgrs., 503-227-2433

Grantee: Melcor Promenade LLC, Jonathan Chia, CFO, 855-673-6931

Financing: Assumption of $12M note dated 9-1-13 payable to U.S. Bank NA, trustee, on behalf of the Registered Holders of Citigroup Commercial Securities

Comments: Company is based out of Edmonton, Alberta, Canada, 780-423-6931, with Brian Baker as president & Darin Rayburn, CEO, 780-423-6931. Jeff Borlaug of Felton Properties managed the properties in Colorado.

 

Property Location: 5501-5549 S. Broadway, Englewood, “Broadway Square”

Property Description: 15,920-sf retail building, 48,108-sf shopping center, 5,723-sf freestanding retail building. All three buildings were constructed in 1984 with block construction & freestanding 2,622-sf restaurant, YOC 1984, wood siding/stucco, total of 72,373 sf

Land Size: 5.91 acres

Sales Price: $7.2M, or $99.49 per sf

Reception No.: D6021370

Closing Date: 3/1

Grantor: Broadway Square Realty LLC, Dr. Orion Davidoff, mgrs., et al.

Grantee: Broadway Square LLC (85%), Sidford Capital, Andrew P. Wolf, SVP, 303-997-2593, & 1301 Monroe Street LLC (15%), Brad Brooks, mgr.

Comments: Matt Ritter & Peter Sengelmann of Pinnacle Real Estate Advisors represented the buyer while Jamie Mitchell of Pinnacle represented the seller. APN: 2077-15-2-00-009, 2077-15-3-00-012. Tenants include Greenwood Cabinets & Stone, Colorado Antique Gallery, Old Santa Fe Mexican Grill, Littleton Car Rentals, Consignment Store, Nails Image, Becker Insurance, Fresh Start Laundry, Mile High Antique Restoration and others. This was a 1031 exchange.

 

Property Location: SEC South Dayton Street & East Mississippi Avenue, Aurora

Property Description: Vacant land, 63 homes planned

Land Size: 15.33 acres

Sales Price: $4M, or $5.99 per sf

Reception No.: D6020026

Closing Date: 2/25

Grantor: Mississippi and Galena LLC,Steve Pechar, mgr., c/o J&B Building Co., Steve Peckar, 303-741-6343, Ext. 105, steve@jandbbuilding.com

Grantee: Meritage Homes of Colorado Inc., Richard Cross

Comments: The sale was conditional upon downzoning the property from B-4 & COD to R-1. Plans for the 63 residential units have not been submitted.

Property Location: 8115 S. Chester St., Centennial

Property Description: Vacant land, proposed self-storage

Land Size: 3.27 acres

Sales Price: $2.3M, or $16.15 per sf

Reception No.: D6018611

Closing Date: 2/23

Grantor: D.D. Writer & Sons, Adam Herbert Writer, gen. ptnr.

Grantee: Greenbox VI LLC, Bahman Shafa, mbr., c/o Foxus Corp., 303-296-7550

Comments: Property is located on the west side of South Chester @ the East Otero Avenue intersection with South Chester Street

Property Location: 3690 S. Fox St., Englewood

Property Description: 14-unit, three-story apartment, “walkup style,” 8,061 sf, YOC 1971, brick construction, 14 parking spaces

Land Size: 1.52 acres

Sales Price: $1.43M, or $101,786 per unit, or $176.78 per sf

Reception No.: D6018620

Closing Date: 2/18

Grantor: Madgavash LLC, Michael D. Foonberg, mgr.

Grantee: Kimberly Apartments LLC, Kimberly I. Merkel & Ricardo Fernandez

Financing: $925,000 payable to Bank Financial FSB

Comments: Listed by Tim Hakes, 720-880-2923, & Stephanie Keyes, 720-880-2924, @ Weststar, 720-941-9200. There are 13 one-bedroom units @ $744 per mo., 1 two-bedroom unit @ $925 per month. Expenses are estimated @ $4,363 per unit with NOI @ $69,523, or 4.9%.

Denver County

Property Location: 6851 Tower Road, “Fairfield Inn & Suites Denver Airport”

Property Description: 160-room, three-story hotel, 85,310 sf, YOC 1995, stucco

Land Size: 3.22 acres

Sales Price: $19.12M, or $119,488 per room

Reception No.: 2016021508

Closing Date: 2/4

Grantor: Summit Hospitality I LLC, c/o Summit Hotel Properties, Chris Eng, secretary, Austin, TX 78738

Grantee: ARC Hospitality SMT FIS DENCO Owner LLC, c/o Crestline Hotels & Resorts, James Carroll, CEO, 571-529-6100, Fairfax, VA 22030

Financing: $450M payable to Deutsche Bank AG New York Branch, due 8-31-18

Comments: There are three meeting rooms with three room models: one king with sofa bed @ 550 sf, one king @ 500 sf, two queen-size beds @ 500 sf, two queens plus sofa bed @ 550 sf & one king & sofa bed. Buyer is American Realty Capital Hospitality Trust Inc., 212-415-6500.

Property Location: 18350 E. 68th Ave., “SpringHill Suites Marriott”

Property Description: 124-room, four-story hotel, 71,300 sf, YOC 2007, stucco

Land Size: 2.46 acres

Sales Price: $12.97M, or $104,559 per room

Reception No.: 2016021471

Closing Date: 2/4

Grantor: Summit Hospitality I LLC, c/o Summit Hotel Properties, Chris Eng, Secretary, Austin, TX 78738

Grantee: ARC Hospitality SMT FIS DENCO Owner LLC, c/o Crestline Hotels & Resorts, James Carroll, CEO, 571-529-6100, Fairfax, VA 22030

Financing: $450M payable to Deutsche Bank AG New York Branch, due 8-31-18

Comments: There are three meeting rooms with three room models: one king with sofa bed @ 375 sf, two queen & sofa bed @ 375 sf. Buyer is American Realty Capital Hospitality Trust Inc., 212-415-6500.

Property Location: 1444 Wazee St., Denver “Elephant Corral”

Property Description: 57,200-sf, 3-sty. office building, YOC 1880, renovated in 1983; 3,122-sf residential condo, YOC 1931; 5,794-sf office building, YOC 1931; 12,500-sf parking lot at 1401 Wazee St. Total of 66,116 sf of improvements.

Land Size: 43,606 sf

Sales Price: $22.55M, or $341.14 per sf

Reception No.: 2016014959 (four deeds combined)

Closing Date: 2/8

Grantor: Wazee Street LLC, c/o Stoltz Real Estate Partners, Chris Galligan, VP

Grantee: Unico BOB Elephant Corral LLC, c/o Unico Properties

Financing: $35.5M payable to Compass

Comments: See prior sale in the amount of $17M, which included additional properties listed below as referenced by assessor parcel numbers (APN). See Reception No. 2016014959 for $13.03M, APN 02331-19-022; see Reception No. 2016014960 for $6.52M, APN: 02331-00-005, 02331-20-191, 02331-20-192, 02331-20-193; see Reception No. 2016014961, $2.01M, see APN 02331-19-024; see Reception No. 2016014962, $1M, see APN 02331-19-038; 02331-19-039. Four deeds totaling $22.55M.

 

Property Location: 1720 S. Bellaire St., Denver, Denver, “Tower Colorado”

Property Description: 127,715-sf, 15-story office building, YOC 1974, renovated in 2008, masonry construction

Land Size: 42,262 sf

Sales Price: $15.85M, or $124.10 per sf

Closing Date: 2/29

Reception No.: 2016026168

Grantor: Denver Tower Equities LLC, Matthew Felton, CEO, Felton Properties, mgr., 503-227-2433

Grantee: 1720 Tower Colorado LLC, Stuart C. Ogilvie, pres., 303-864-9774,

2601 Blake St., Suite 100, Denver 80205

Financing: $13.4M payable to Mutual of Omaha Bank

Comments: Seller’s representative for Colorado is Jeff Borlaug, 503-227-5799; see related sale at 7935-7995 E. Prentice Ave., Greenwood Village. Building size obtained from seller’s website and is exactly what Denver County Assessor shows. Lease rates are quoted at $22 per sf, full service. Listing broker for lease prior to the closing was Cushman & Wakefield, Ryan Stout, 303-813-6442. The building reflects approximately 20% vacancy as of 2-1-16.

 

Property Location: 1660-1702-1710 Platte St., Denver

Property Description: 15,069-sf building, YOC 1973, 14,765-sf industrial building, YOC 1972 (land value)

Land Size: 1.36 acres

Sales Price: $12M, or $202.86 per sf (land value)

Closing Date: 2/25

Reception No.: 2016024787

Grantor: William J. Spicer, 303-433-6803 (president of Empire Staple Co.),

Grantee: 1710 Platte Associates LLC, c/o Trammell Crow Co., 303-628-7439, 1225 17th St., Suite 3050, Denver 80202-5534

Comments: See APN: 02284-07-010, 02284-06-016. The seller’s company, Empire Staple Co., will relocate from 1710 Platte St. to Trammell Crow’s new development, Crossroads Commerce Park. Its new building contains 61,870 sf on 4.8 acres located at the SEC of East 55th Avenue & Lincoln Street. This is a two-way 1031 exchange as Trammell Crow will sell the building at Crossroads Commerce Park at the completion of the construction to Empire Staple Co. Len McBroom of McBroom Co. represented the seller. The city and county of Denver also sold remnant parcels along South Platte River Trail that contain 7,495 sf to 1710 Platte Associates for $450,000, or $60.04 per sf. This tract lies on the southeasterly boundary line of the 1.36-acre tract purchased by Trammell Crow in this transaction. See Reception No. 2016024788

 

Property Location: 11411 E. 51st Ave., Denver

Property Description: 56,900-sf warehouse, YOC 1987, twin-tee construction, 4 dock-high doors, 3 drive-in doors, 20’ clear, wet sprinkled

Land Size: 3.19 acres

Sales Price: $4.3M, or $75.57 per sf

Reception No.: 2016015013

Closing Date: 2/3

Grantor: 11411 Limited LLLP, Valerian J. Uhrich, mgr., 303-455-3340

Grantee: SI Partners Investments LLC, c/o Stone International of Denver, Tsz Yuk Cheung & Yue F. You, mbrs., 303-371-0788, www.coloradocabinets.net

Financing: $3.66M payable to JPMorgan Chase Bank, NA, due 2-18-19

Comments: Addition to building occurred in 1997. There are 77 surface spaces plus 75 spaces on the 1-acre parcel directly to the west of the building. Buyer is an owner-occupant.

 

Property Location: 3600-3610-3636 Brighton Blvd., Denver

Property Description: 7,331-sf industrial building, YOC 1954 (land value)

Land Size: 37,500 sf

Sales Price: $3.75M, or $100.01 per sf

Reception No.: 2016021444

Closing Date: 2/18

Grantor: Mark Jae Paulson

Grantee: 3600 Brighton Blvd. LLC, Eddie J Haselden & Robert L. Cohen, mgrs., c/o Haselden Construction Co., 303-751-1478, Centennial 80112

Financing: $2M payable to Collegiate Peaks Bank

Comments: 02271-06-021, 02271-06-017, 02271-06-039, three parcels containing 37,500 sf on the northeast corner of Brighton Boulevard & 36th Street. The property is zoned I-MX-5.

Property Location: 4375 Brighton Blvd., Denver

Property Description: 27,549-sf industrial building, YOC 1971, brick & twin construction, 21’ ceiling height, 7 dock-high loading doors, 3 drive-up doors

Land Size: 52,450 sf

Sales Price: $3.5M, or $127.05 per sf

Reception No.: 2016026032

Closing Date: 2/29

Grantor: Roger D. Witulski

Grantee: HDP One Brighton LLC, Jeff Oberg (50%) & DRMS Brighton LLC, Richard W. Beck (50%)

Financing: $1.71M payable to DRMS Brighton LLC, 1601 Lowell Blvd., Denver, 3% due 2-28-17

Comments: This sale was negotiated by Tim Finholm, 303-512-1161, Sam Leger, 303-512-1159, & Carlos Valencia, 303-512-1154, of Unique Properties LLC-TCN Worldwide. Income from the sign (on the building) is $48,352 per year. Broker has the property re-listed for lease @ $20 per square foot triple net with availability in June.

Property Location: 1181-1185 Bellaire St. & 1194-96 Ash St., Denver

Property Description: 1194-96 Ash St: 5-unit two-story building w/ 8,136 sf, YOC 1948, brick construction, four garages, 1 one-bedroom unit @ 800 sf, 4 two-bedroom units ranging from 1,300-1,500 sf, renovated in 2008. 1181-85 Bellaire St: 11-unit, three-story apartment, 12,292 sf, YOC 1949, brick construction, with 14 off-street parking spaces (total of 16 units with 20,428 sf)

Land Size: 24,031 sf

Sales Price: $3M, or $187,500 per unit, or $146.86 per sf

Reception No.: 2016023103

Closing Date: 2/25

Grantor: Cosimi Farms LP, Ronald A. Cosimi, 505-884-0645

Grantee: Ash and Bellaire LLC, David H. Burch, mgr.

Financing: $1.2M payable to JPMorgan Chase Bank NA, due 3-1-46

Comments: See APN: 06062-27-009 & 06062-27-001,

 

Property Location: 4995 Lima St., Denver

Property Description: 25,152-sf warehouse, YOC 1973, twin-tee construction

Land Size: 1.28 acres

Sales Price: $2.62M, or $104.17 per sf

Reception No.: 2016022100

Closing Date: 2/18

Grantor: Lima Street Holdings LLC, Brian Smith, mgr., 303-937-1012

Grantee: Bean Holdings of Colorado LLC, Norman Bean, pres., 3079 S. Baldwin Road, Suite 192, Lake Orion, MI 48359

Financing: $1.95M payable to grantor, due 2-18-19

Comments: Building was renovated in 2007. There are 7 dock-high (8’x 10’) doors & 1 drive-in door (12’x16’) with 19’ clear. There is 2,702 sf of office space. Tenant is OG Medicinal LLC, a medical marijuana firm that executed a lease June 22. Gibson Athletics formerly was owner and occupant of the building prior to leasing to OG Medicinal. The seller’s company, Gibson Athletics, is located at 13333 E. 37th Ave., Denver.

Property Location: 2323-2333-2345 Eliot St., Denver

Property Description: Misc. residential improvements (land value)

Land Size: 18,798 sf

Sales Price: $2.26M, or $120.32 per sf

Reception No.: 2016023210

Closing Date: 2/25

Grantor: 2329 Developers LLC, Nathan Adams, mgr., 303-997-4001

Grantee: Eliot Hill LLC, John Bogdasarian, c/o Promanas Group, 734-477-9400

Financing: $4.45M payable to Bank of Colorado (const. loan) due 2-23-18

Comments: Buyer is developer based out of Ann Arbor, MI

 

Property Location: 1727 W. Mississippi Ave., Denver

Property Description: 22,701-sf retail building, YOC 1956

Land Size: 1.93 acres

Sales Price: $1.9M, or $83.70 per sf

Reception No.: 2016026084

Closing Date: 2/29

Grantor: Ruben & Gloria Huizar

Grantee: Lam & Ho Investments, Lion Lam & Margaret Ho, mgrs.

Financing: $1.2M payable to FirstBank, due 3-1-17

Comments: This property has been used for a multitenant retail building including Salon Ocampo & Masion night club, owned by the grantor. The event center occupies the large middle section of the building containing approximately 13,000 sf and recently took the additional adjoining end portion, executing a five-year lease. The other tenants include a check cashing company and laundry dry/cleaning business. Buyer plans to hold for interim use with potential re-development play in the future. Justin Krieger of Pinnacle Real Estate Advisors, 303-962-9558, who also represented the buyers on 1225 S. Federal Blvd., represented Lam & Ho Investments on this transaction as well.

 

Property Location: 2412 S. York St., Denver

Property Description: 11-unit, three-story apartment (center hall building) 6,908 sf, YOC 1962, brick construction, with 5 off-street parking spaces

Land Size: 6,250 sf

Sales Price: $1.78M, or $161,364 per unit, or $256.95 per sf

Reception No.: 2016023103

Closing Date: 2/22

Grantor: South York Apartments LLC, John S. Blue, mgr.

Grantee: Carol E. Quinn

Financing: $887,500 payable to JPMorgan Chase Bank NA, due 3-1-46

Comments: This property sold in January 2013 for $1.18M or a gain of 50.42% or 1.11% growth per month. The property was listed in August by Kyle Malnati & Greg Johnson, 303-343-8333, of Madison Commercial Ltd. The listing broker indicates there is 8,500 sf in the center hall, three-story building, while Denver County Assessor shows 6,908 sf. The average rents were $825 per month with EGI of $109,339. Expenses are projected at $3,296, which includes 4% management and 3% vacancy, which reflects a 4.1% cap rate. Broker projects 29% increase in EGI in the pro forma statement, reflecting a 5.9% cap rate.

Property Location: SEC West Alameda Avenue & South Decatur, 2790 W. Alameda Ave.

Property Description: Closed Sonic Restaurant, 1,479 sf, YOC 2001

Land Size: 25,000 sf

Sales Price: $503,000, or $340.09 per sf

Reception No.: 2016023210

Closing Date: 2/16

Grantor: Audrey C. Medina & Carole M. Murray, Oklahoma City, OK 73101-2438

Grantee: CPD-Alameda & Decatur, Centerpointe Real Estate, Matt Ladendorf, 602-448-8768, Scottsdale, AZ 85251

Financing: $729,700 & $91,200 payable to Stearns Bank NA

Comments: Buyer has a tenant for the building

Douglas County

Property Location: 1585 S. Perry St., Castle Rock

Property Description: 40,060-sf warehouse/laboratories, YOC 2003 (23,781-sf warehouse & 16,279-sf laboratory space), concrete panel construction, 93 parking spaces, 18’10’’ clear to 19’10’’ at center ridge line, two 10’ x 12’ at rear loading area & 1 dock high and 1 drive-in, 7 rooftop heating/cooling units

Land Size: 3.01 acres

Sales Price: $4.05M, or $101.17 per sf

Reception No.: 2016011219

Closing Date: 2/25

Grantor: Venaxis Inc., fka Aspenbio Pharma Inc., Jeff McGonegal, CEO

Grantee: Antler Investments LLC & Orchid Investments, John Witt, mgr., 5225 Summerville Circle, Castle Rock 80109

Comments: Last brochure on record was with Matt Call and John Witt of NavPoint Real Estate Group. The property was listed for $4.4M. In 2013-2014, the property was listed for $4.4M or for lease @ $8-9 per sf for warehouse space or $12-$13 per sf for office/lab space. Operating expenses of $3.57 per sf were indicated in 2014. The building was vacant at time of closing; however, the buyer confirmed they had a tenant to occupy the building subsequent to closing.

Property Location: 215 N. Wilcox St., Castle Rock

Property Description: 5,100-sf retail building (restaurant), YOC 1972, stucco

Land Size: 20,996 sf (two parcels)

Sales Price: $2.2M, or $431.37 per sf

Reception No.: 2016009422

Closing Date: 2/18

Grantor: Jesus Aguirre

Grantee: Bates Leasing Company Ltd., Roxanne Fie Anderson & Colleen D. Porterfield, general partner

Comments: Two sites separated by road owned by city of Castle Rock. Tenant in the building is the Blue Nectar Mexican Restaurant.

 

Property Location: SEC Centerpark Loop & Colony Loop

Property Description: Vacant land

Land Size: 8.84 acres

Sales Price: $1.91M, or $4.96 per sf, or $19,490 per buildable unit

Reception No.: 2016011854

Closing Date: 2/16

Grantor: Liberty Capital Inc., Joseph C. Hoskins, SVP, Dayton, OH 45402-1604

Grantee: Cardel Homes U.S. LP, Roderick D. Mickelberry, regional pres.

Comments: Lot 14-A, Lincoln Creek Village Filing No. 1, 2nd Amendment. Property was listed by Tim Price, 303-688-7300. Property is zoned for 98 single family attached homes in unincorporated Douglas County.

 

Property Location: Northwest corner Woodlands Boulevard & Fifth Street, Castle Rock

Property Description: Vacant land

Land Size: 5.45 acres (two parcels)

Sales Price: $675,000, or $2.84 per sf

Reception No.: 2016009092

Closing Date: 2/16

Grantor: CGD Mortgage Investors LLC, Heath A. Herber, mgr.

Grantee: Calvary Chapel Castle Rock LLC, Dave Love, senior pastor

Financing: $381,000 payable to Colorado East Bank & Trust

Comments: Property sold by Matt Call & John Witt of NavPoint Real Estate Group, 720-420-7530.

 

Property Location: 10251 Progress Way, Parker

Property Description: Vacant land

Land Size: 1.02 acres

Sales Price: $500,000, or $11.24 per sf

Reception No.: 2016008551

Closing Date: 2/16

Grantor: Burn Family Trust, Charlotte Burn, trustee

Grantee: P&D Holdings LLC, Dennis Brewster, mgr.

Financing: $499,000 payable to Burn Family Trust

Comments: West of Progress Way, approximately 1,500’ north of Plaza Drive

 

Jefferson County

Property Location: SEC W. 97th Avenue & Chase Street, Westminster

Property Description: Vacant land, zoned for 164 units

Land Size: 5.58 acres

Sales Price: $4.8M, or $19.77 per sf, or $29,268 per buildable unit

Reception No.: 2016016484

Closing Date: 2/19

Grantor: 1225 Prospect LLC, Michael Markel, mgr., 303-435-4534

Grantee: Hyland Project LLC, The Garrett Co., Eric Garrett, Pres & Ken Kozoil, PE & project manager, 317-886-7923, Greenwood, IN 46143

Comments: 29-134-09-001, 002, Lot 1, Block 9, Hyland Village contains 5.05 acres and is approved for a 164 units (two buildings) with three and four stories. Tract SS is also included in the sale and contains 0.53 acres of open space on the easterly boundary line of the property. The site plan calls for 60 one-bedroom units, 80 two-bedroom units & 24 three-bedroom units. There are a total of 267 parking spaces, of which 157 are podium parking spaces (underneath the two buildings) and 110 spaces are open and reside in the courtyard. Planner is Patrick Caldwell, 303-658-2090, of the city of Westminster.

Property Location: SWC West Colfax Avenue & Fenton Street (5800 W. Colfax Ave.)

Property Description: Vacant land, zoned MG-U, Mixed Use General Urban.

Land Size: 40,600 sf

Sales Price: $750,000, or $18.47 per sf

Reception No.: 2016016392

Closing Date: 2/19

Grantor: BJ&G Associates LLC, Gregory Bundy, mgr., Boulder 80302

Grantee: Rodajo Inc., David Grasch, pres., Montalba, TX, 903-549-2202

Financing: $643,000 payable to T Bank NA, Dallas, TX 75248

Comments: Site plan had not been approved as of 2-25-16. Preliminary plans call for 18 vacuum bays and a single wash tunnel. Project manager for Lakewood Planning Department is Kara Mueller, 303-987-7982.

In this article