Adams County
Property Location: NEC Riverdale Road & E. 136th Ave., Brighton
(10365-10695 E. 136th Ave. & 14070 Riverdale Road)
Property Description: 1,032-sf house, YOC 1935, frame, & vacant agricultural land
Land Size: 51.34 acres
Sales Price: $2.79M, or $54,323 per acre
Reception No: 24914
Closing Date: 4/8
Grantor: 10365 Partners LLC, Ward L. Van Scoyk, manager, 970-879-6053
Grantee: The Trust for Public Land, Wade Shelton, 303-837-1414
Comments: See APN: 01571-22-4-00-002, 01571-22-0-00-010 & 01571-23-0-00-019, three contiguous tracts
Property Location: 1960 Dallas St., Aurora
Property Description: 30-unit, three-story walkup-style apartment building, 14,920 sf, YOC 1967, brick, 13 one-bedroom, one studio & 16 two-bedroom units
Land Size: 20,925 sf
Sales Price: $2.4M, or $80,000 per door, or $160.86 per sf
Reception No: 26640
Closing Date: 4/7
Grantor: American Properties Investment LLC, Guadalupe Soto, member
Grantee: DRG Investment Group LLC, Denver Realty Group, Zachary Kobilca
Financing: $1.96M payable to Arbor Commercial Mortgage LLC, due 5-1-26
Comments: This property last sold on 3/30/15 for $1.7M. Property was listed by LIV/Sotheby’s International Realty, c/o Larry Simpson Group, 303-755-3000.
Property Location: 6240 E. 49th Drive, Commerce City
Property Description: 10,944-sf warehouse, YOC 1986, fluted block construction
Land Size: 41,382 sf
Sales Price: $1.3M, or $119.97 per sf
Reception No: 27024
Closing Date: 4/8
Grantor: Relsie LLC, Don Eisler, president of Integrity Worldwide Transportation
Grantee: Hermes Worldwide Inc., Jorge Sanchez, president, 303-577-7600
Financing: $1.2M payable to Seacoast Commerce Bank (SBA loan)
Comments: Buyer purchased the grantor’s company, will move into the building once it’s lease at 3250 Oakland St. in Aurora expires. The seller will remain with the new company. The real estate price stated on the deed is separate from the business portion of the deal. Sanchez owns Hermes Worldwide along with his wife, Rocio. Hermes is considered a woman- and minority-owned business. They founded the company in 2007.
Property Location: 5700 Fairfax St., Commerce City
Property Description: 10,500-sf manufacturing building, YOC 1962, 3,312-sf industrial building with drive-thru, YOC 1986, metal construction, total 13,812 sf
Land Size: 0.89 acres
Sales Price: $995,000, or $72.04 per sf
Reception No: 25244
Closing Date: 4/1
Grantor: John Kuchar & A.J. Graves LLC
Grantee: DMS Holdings LLC, Scott & Eric White, managers, c/o Denver Machine Shop, 303-295-6000
Financing: $505,000 payable to KeyBank, NA, due 4-1-41
Comments: Denver Machine Shop is a 100-year-old firm started by Scott & Eric White’s great-grandfather, Fred, and passed down to generations with the current owners taking ownership in 2002, www.denvermachine.com.
Property Location: Northwest side of U.S. Hwy 85, 390’ northeast of Monaco St., also fronts east side of Monaco St., Commerce City
Property Description: Vacant commercial land
Land Size: 2.83 acres
Sales Price: $945,000, or $7.66 per sf
Reception No:
Closing Date: 4/15
Grantor: Country Boy Enterprises Inc., Don D. Schlup, president, 303-289-4761
Grantee: Colozona Inc., Lim Hoo, president
Comments: Proposed hotel
Property Location: E/S Buckley Road, approx. 500’ north of E. 81st Ave., Commerce City
Property Description: Vacant land
Land Size: 53.33 acres
Sales Price: $700,000, or $13,125 per acre
Reception No: 28449
Closing Date: 4/13
Grantor: Mary A. Mills, 50% & Jeffrey Lee Varnell, et al., 50%
Grantee: DIA Tech Center LLC, Christopher Thompson, manager
Comments: See APN: 01723-00-0-00-103, 26.66 acres, 01723-00-0-00-104, 26.67 acres.
Property Location: 7855 York St., Denver, “York Town Mart & Laundromat”
Property Description: 4,560-sf retail convenience store, YOC 1985, masonry
Land Size: 25,700 sf
Sales Price: $700,000, or $153.51 per sf
Reception No: 30657
Closing Date: 4/20
Grantor: Yim Sook Honk & Jae Woon Hong
Grantee: Sang Soo Enterprises LLC, Sang Soo Lee, manager
Financing: $956,000 payable to BBCN Bank, SBA Loan
Comments: See APN: 01719-35-1-03-004. This property is a convenience store and laundromat.
Property Location: 8871 Yosemite St., Henderson, west side of Yosemite St. @ East 89th Ave. terminus
Property Description: Vacant industrial land
Land Size: 3.21 acres
Sales Price: $525,000, or $3.75 per sf
Reception No: 33610
Closing Date: 5/2
Grantor: Franklin Rossi & Karen A. Rossi
Grantee: Rocky Crest Enterprises LLC, Bill Kinney, manager, 10700 E. 40th Ave.
Comments: Russell Gruber of Newmark Grubb Knight Frank represented the buyer. Scott Patterson & Alex Ringsby of Ringsby Realty Corp. was the listing broker for the seller. The property sold for $350,000 in September 2005. The buyer’s company is Denver Intermodal Express and can be reached at 303-371-1500, www.dixtrucking.com. The buyer plans to build a new facility at this location.
Arapahoe
Property Location: 167 Inverness Dr. West, Englewood
Property Description: Vacant land
Land Size: 8.26 acres
Sales Price: $16.2M, or $45 per sf
Reception No: D56050368
Closing Date: 5/13
Grantor: 167 Inverness LLC, William S. Bergner, manager, 303-825-1188
Grantee: University of Colorado Health, Dan Weaver, 720-940-6376
Comments: This property has Interstate 25 exposure. Dave Lee of Newmark Grubb Knight Frank, 303-260-4349 handled the transaction. No building permits have been filed as of publication date.
Property Location: 3138 S. Parker Road, Aurora
Property Description: 8,948-sf church, originally built as bank, plus 1,448-sf basement area, YOC 1976, updated in 2008, brick construction, 36 spaces
Land Size: 43,56 sf
Sales Price: $1.6M, or $174.90 per sf
Reception No: D6051226
Closing Date: 5/17
Grantor: D. Christpher Wells & Barbara E. Wetzel Revocable Trust, et al.
Grantee: New Dawn Church of Religious Science, Rev. Karen Lindgren
Financing: $1.37M payable to seller, due 7-17-23
Comments: Listed by NAI Shames Makovsky, Todd Silverman, CCIM, 303-565-3031, tsilverman@shamesmakovsky.com.
Property Location: 11951 E. Iliff Ave., Aurora
Property Description: Existing 7,481-sf restaurant, YOC 1986, to be removed. Buyer is constructing an 8,432-sf medical clinic
Land Size: 63,678 sf
Sales Price: $950,000, or $14.92 per sf
Reception No: D5139425
Closing Date: 12/3/15
Grantor: Maria T. Verdos & Demetrios S. Verdos
Grantee: RKMS Aurora LLC by: Read King Medical Development Inc., Houston, TX
Financing: $3.6M construction loan payable to International Bank Commerce
Comments: Buyer is building a freestanding emergency clinic containing 8,432 sf with 35 parking spaces. Site is located on the north side of E. Iliff Ave., approximately 350’ west of S. Peoria St. Buyer contact is Matthew Camp, 713-7825-9000, and architect is HKS, 214-969-3011, from Dallas, TX. Ewing King and Jeff Read are the two principals in the company.
Property Location: SWC S. Parker Road & E. Chenango Ave., Aurora,
4971 S. Parker Road
Property Description: Vacant land, zoned B-1
Land Size: 2.93 acres
Sales Price: $1.4M, or $10.97 per sf
Reception No: D6044430
Closing Date: 4/29
Grantor: Shen Ko Investment Group LLC, Lily Shen Ko, manager
Grantee: Abba Real Estate Inc., Dr. Marcus J. Meyer, president, 719-219-3819
Comments: APN: 2073-07-3-02-045. This site is narrow with approximately 733 feet frontage on S. Parker Road. Seller is based out of Mercer Island, WA. Buyer is president of Abba Eye Care in Colorado Springs.
Property Location: 15151 E. Wesley Ave., Aurora, “Children’s Playland” day care
Property Description: 6,792-sf day care center, YOC 1980, masonry
Land Size: 19,680 sf
Sales Price: $636,875, or $93.77 per sf
Reception No: D6052071
Closing Date: 5/19
Grantor: Wesley Grounds LLC, Karl & Marina Gurtler, members
Grantee: CR Squared Real Estate LLC, Chris & Cherise Robart, members, 303-337-1112, 15151 E. Wesley Ave., Aurora
Financing: $618,200 payable to Bank of the West, SBA loan due 7-5-41
Comments: APN: 1975-30-4-25-002. The buyer will occupy the building.
Boulder County
Property Location: 517 Stacy Court, “Christian Brothers Automotive”
Property Description: 4,968-sf, single-story auto repair center, YOC 2014, masonry, single-tenant building, nine overhead doors
Land Size: 24,234 sf
Sales Price: $2.7M, or $543.48 per sf
Reception No: 03518130
Closing Date: 5/16
Grantor: CBH Properties Lafayette LLC, Mark A. Carr, CEO of Christian Brothers Automotive
Grantee: Z Square Properties Company LLC
Comments: There was a 15-year lease with 1.5% annual rent escalations, and options, beginning with year 6. The lease is corporate guaranteed. Richard Bird of Marcus & Millichap was the local listing agent. The property is leased at $35.07 per sf. The in-place cap rate is 6.45%, which does not account for vacancy or reserves. Jason Vitorino of Dallas is also shown as a listing broker, 469-844-8880.
Property Location: SEC Boxelder St. & CTC Blvd., Louisville, 682 CTC Blvd. & 609 S. 104th St.
Property Description: Vacant land
Land Size: 19.72 acres
Sales Price: $2.3M, or $2.64 per sf
Reception No: 03517796
Closing Date: 5/11
Grantor: RE Hill Properties – CTC Land LLC, Rob Hill, manager, 7825 Fay Ave., Suite 340, La Jolla, CA 92037, 858-456-4045 or www.hillproperties.net
Grantee: Buckeye Investments LLP, George Cavanaugh, manager, 303-469-1857
Comments: Jason Hill is in the acquisitions department for the seller.
Property Location: 2940 Valmont Road, Boulder
Property Description: 7,200-sf auto repair center, YOC 1973, metal
Land Size: 30,453 sf
Sales Price: $1.2M, or $166.67 per sf
Reception No.: 03517951
Closing Date: 5/13
Grantor: Manfred H. Neugebauer & Vickie Joe Neugebauer, 303-772-6338
Grantee: 2940 Valmont Road LLC, Scott A. Yarbrough, manager, 303-443-1540
Comments: Buyer is the owner of the business, Modern Specialists Inc., specializing in the repair and maintenance of European automotive vehicles in the Boulder market.
Property Location: 6672 Gunpark Drive, Boulder
Property Description: 4,930-sf, two-story office building, YOC 1997, adjacent to golf course, two ADA restrooms, kitchenette, fire sprinklers
Land Size: 15,840 sf
Sales Price: $870,000, or $176.47 per sf
Reception No: 03518721
Closing Date: 5/16
Grantor: Branz Group LLC, William D. Frea, manager, 720-684-6935
Grantee: 2741 Mapleton 2 LLC, 75%, & Reale Investments LLC, 25%
Property Location: 927 Main St., Longmont
Property Description: 5,530-sf, single-story retail building with large unfinished, attached garage with two overhead doors, YOC 1961, stucco
Land Size: 6,583 sf
Sales Price: $435,000, or $78.66 per sf
Reception No: 03518168
Closing Date: 5/13
Grantor: Patrick W. Webb & Thesa L. Callinicos
Grantee: Buffalo Real Estate LLC, Bryan T. McCormack, manager, 927 Main St., Longmont 80501
Financing: $378,400, payable to JPMorgan Chase Bank
Comments: Roof was replaced in 2013 and property was on market for 293 days. Patrick W. Webb owned the Oriental & Navajo Rug Co., 303-772-7962. Property was listed and sold by Keith Kanemoto, Re/Max Traditions Commercial, 303-472-2222.
Property Location: 1501 Lee Hill Road, Unit 4, Boulder
Property Description: 1,875-sf industrial condo building, YOC 2003, stucco construction with rear overhead door
Land Size: 6,534 sf
Sales Price: $425,000, or $176.47 per sf
Reception No: 03516668
Closing Date: 5/4
Grantor: Key Largo Investments LLC, Scott A. Wood, manager
Grantee: Sealcraft Books LLC, Thatcher Wine, manager, 303-946-1494
Comments: Listed by Mary Siefert, 303-594-9933, mary@fourstarrealty.com of Fourstar Realty. Thatcher Wine is president of Juniper Books.
Property Location: 1739 Great Western Drive, Longmont
Property Description: Vacant land; property fronts on the south side of Great Western Drive.
Land Size: 37,021 sf
Sales Price: $267,500, or $7.23 per sf
Reception No: 03517988
Closing Date: 5/10
Grantor: Riverview Apartments LLC, Craig Bundy, 303-444-4589
Grantee: Boulder Development LLC, William Lohman, manager, 1175 Hinsdale, Littleton 80120
Comments: Lot 1, Block 7, Mill Village Filing 3
Property Location: 1771 Cherokee Trail, Lafayette
Property Description: Vacant land, property fronts on the west side of Cherokee Trail, lies north of Old Laramie Trail, with 50’ frontage on Old Laramie Trail
Land Size: 56,628 sf
Sales Price: $223,680, or $3.95 per sf
Reception No: 03519199
Closing Date: 5/12
Grantor: Picogy LLC, Timothy Michael Niebauer, manager
Grantee: CCJ LLC, Dr. Curtis J. Hayes, manager, Broomfield 80023
Financing: $420,000 payable to Live Oak Banking Co., due 12-5-16
Comments: Lot 11A, Lafayette Tech Center Filing Three, Replat D. Plan to build dental building, www.coalcreekoms.com. This transaction is subject to a lease between the buyer and his company, Coal Creek Oral Surgery and Dental Implant Center, dated 5-12-16.
Broomfield County
Property Location: 570 Zang St., Broomfield
Property Description: 6,836-sf retail building, two-tenant, YOC 2014, masonry
Land Size: 44,350 sf
Sales Price: $3.7M
Reception No: 2016004502
Closing Date: 4/21
Grantor: MF Broomfield LLC, Owen C. Ewing, manager
Grantee: 570 Zang Street LLC, 3000 Gulf to Bay Blvd., Suite 303, Clearwater, FL
Comments: The property was listed by Jordan A. Shtulman, 847-226-4133, & Jonathan M. Wolfe, 312-310-2798, of Stream Capital Partners. This is a two-tenant building with Mattress Firm occupying 4,182 sf @ $37.50 per sf triple net and Five Guys occupying 2,654 sf @ $33 per sf triple net. The property sold at an in-place cap rate of 6.65%. The asking price was $3.9M, or 6.35% in-place cap rate.
Property Location: 455 Zang Blvd., Broomfield
Property Description: Vacant land, 213-room, four-story hotel, with 223 spaces
Land Size: 4.58 acres
Sales Price: $1.7M, or $8.75 per sf
Reception No: 2016004892
Closing Date: 5/3
Grantor: Flatiron LLC, David J. Erb & Co., 8480 E. Orchard Ave., Suite 5550, Englewood, CO 80111
Grantee: MB Hospitality, Ribroom LP, Jeffrey T. Blackman, president, 5646 Milton St., Suite 890, Dallas 75206, 214-557-0465
Comments: Lot 1, MidCities Filing No. 21, Broomfield. Buyer’s company is Bedford Lodging, www.bedfordlodging.com. Proposed Residence Inn/Fairfield Inn & Suites, Broomfield 80021.
Property Location: 6801 W. 120th Ave., Broomfield, “Burger King”
Property Description: 3,464-sf fast-food restaurant, YOC 1986
Land Size: 0.46 acres
Sales Price: $975,000, or $281.47 per sf
Reception No: 2016005219
Closing Date: 5/11
Grantor: Stephen Gellman
Grantee: Dynamic Real Estate Investments VI LLC, Damon Porter, manager
Financing: $797,000 payable to Partners Capital Solution Fund LP
Comments: The property was listed by Cody Stambaugh, Matt Ritter & Peter Sengelmann of Pinnacle Real Estate Advisors LLC. Lease expires in October 2016 and has one 10-year option to extend. The in-place cap rate is 9.8%. The tenant has occupied the space since July 1995. See APN: 1575-35-4-24-006. Property is located on the northwest corner of Main St. & W. 120th Ave.
Property Location: 7155 W. 119th Place, Broomfield
Property Description: 1,900-sf office building, YOC 1972, frame
Land Size: 10,450 sf
Sales Price: $380,000, or $200.00 per sf
Reception No: 2016005219
Closing Date: 5/11
Grantor: Richard W. Norloff, 303-466-3354
Grantee: KJ Enterprise Ltd., Joseph J. Gonday, manager
Financing: $304,000 payable to grantor @ 3.75% for first 60 months plus additional 72 months, due 6-1-27
Comments: Gonday’s company, Metro Security Inc., 303-469-7197, will relocate to this space. Building has been renovated with kitchen, handicap access, walk-in closets and 18 parking spaces. There are three private offices, reception and waiting area and potential conference area.
Denver County
Property Location: 1975 19th St., “Elan @ Union Station Apartments”
Property Description: 314-unit, four-story apartment complex, 252,294 sf,
YOC 2014, & 46,631-sf retail space, YOC 2013, total 298,925 sf
Land Size: 2.41 acres
Sales Price: $154.3M, or $491,401 per unit, or $516.18 per sf
Reception No: 2016059103
Closing Date: 5/3
Grantor: GDG Chestnut Place LLC, c/o Greystar, David Reid, VP, 713-535-9512
Grantee: SVF Nineteenth Denver LLC, c/o American Realty Advisors, 801 N. Brand Blvd., Suite 800, Glendale, CA 91203, attention: Stanley Lezman or Scott Darling, president, of First Fiduciary Realty Advisors Inc., 818-545-1152.
Comments: Scott Anderson, 818-409-3223, sanderson@americanreal.com, is director of investment group for Colorado, Arizona and Southern California.
See Memorandum of Lease recorded via Reception No. 2013005621 and amended lease recorded 2013012927, between Centennial Chestnut LLC, James R. Loftus, manager, & Dillon Companies Inc., Russel J. Dispense, VP, Dillon Cos., dba King Soopers, commencing 2-1-2015 and ending 1-31-2035, with 10 additional terms of five years each, containing 46,631 sf. King Soopers will have exclusive right to use 86 of the 90 surface parking areas and 40 designated parking spaces on the below-grade level of the development. Centennial Chestnut LLC, by: NP Inc. f/k/a The Nichols Partnership Inc., Randy T. Nichols, president. See 20th Street & Chestnut Place PUD Development Plan, 2012176629. On 10-10-2014, Loftus Investments LLC & Centennial Chestnut LLC, Randy Nichols, manager, sold the King Soopers space, containing 46,631 sf, to GDG Chestnut Place II LLC, 750 Bering, Suite 200, Houston, TX 77057 for $10M, or $214.45 per sf. On May 3 this year, GDG Chestnut Place LLC and Centennial Chestnut LLC assigned their interest into the multifamily property known as Elan Union Station; see 2016059104. Martines Palmeiro Construction LLC, Michael Martines, handled the construction, 720-881-6005. JPMorgan Chase made a $63.5M loan for benefit of GDG Chestnut Place, due 4-18-17. The seller purchased the land from Centennial Chestnut LLC, Randy T. Nichols, manager, by way of SWD recorded via Reception No. 2013014460 on 1-31-13, in the amount of $21M, or $200.23 per sf. Parcel 2 contains 35,625 sf and is the undeveloped parcel. Jordan Robbins, 303-515-8010, & Jeff Haag, 303-515-8004, of HFF handled the transaction.
Property Location: 4555 Airport Blvd., Denver
Property Description: 87,201-sf, four-story office building, YOC 2008
Land Size: 5.67 acres
Sales Price: $19M, or $217.89 per sf
Reception No: 2016058028
Closing Date: 4/29
Grantor: Prologis Inc., Megan C. Robert, SVP
Grantee: Airport Way Denver Real Estate Inc., 2711 Centerville Road, Suite 400, Wilmington, DE 19808, Reinhard Stamm & Christian Bieri
Financing: $10M payable to Principal Real Estate Investors
Comments: See APN: 002010-10-013. This property is a four-story office building that connects to 4545 Airport Way. There is a shared parking maintenance agreement between the owners of 4545 Airport Way, 49.15%, and 4555 Airport Way, 50.85%. Kärcher is the tenant in 4555 Airport Way and employs 148 people in this building. It commenced operation of the space April 14, 2015, with Hannes Saubert, CEO of Karcher North America. Joe Heath, Andy Ross & Don Misner of JLL, 303-260-6500, represented Prologis in the lease transaction. Mike Winn, 303-628-7447, Tim Richey, 303-628-7445, & Chad Flynn, 303-628-7467, all with CBRE Inc., handled the transaction.
Property Location: 1721 Washington St., Denver, “Washington Arms Apts.”
Property Description: 31-unit, three-story apartment building, 16,326 sf, YOC 1926
Land Size: 9,403 sf
Sales Price: $3.65M, or $117,742 per door, or $223.57 per sf
Reception No: 2016061169
Closing Date: 5/10
Grantor: Washington Arms LLC, Patrick J. Bailey, president of Triton Inv. Co.
Grantee: 1721 Washington St. LLC, *c/o Britt Miller, San Carlos, CA 94070
Financing: $2.45M payable to Colorado Business Bank
Comments: There are 31 studios @ 425 sf with average rent of $627 per month at time of listing. The property had expenses of $3,022 per door, or $5.74 per sf. Projected cap rate with 4% vacancy and no reserves, with current income and expenses, is 4.37%; with pro forma income, cap rate is 6.5%, based on monthly rents increased to $850 per month. Listed and sold by Scott Shwayder & Ryan Floyd, 303-512-2732, of Unique Properties LLC-TCN Worldwide. *Buyer is a principal with Urban Capital of San Francisco, 415-812-4935, bmiller@uc-sf.com. Seller is principal of Triton Property Management, a longtime apartment owner and management company based in Denver, 303-830-1005.
Property Location: 1800 21st St., Denver
Property Description: 9,550-sf industrial building, YOC 1977, land value
Land Size: 25,146 sf
Sales Price: $3.73M, or $148.33, land value
Reception No: 2016061169
Closing Date: 5/10
Grantor: Denver Metropolitan Major League Baseball Stadium District, Raymond T. Baker, chairman
Grantee: Light Bulb Supply Building LLC, 46.7%, 22 Jackson St. LLC, 30.9%, & Lebaron LLC, 24.4%, Mark K. Nealon, manager
Financing: $1M, payable to LBSB Funding LLC, Mark Nealon, due 4-19; $617,289 payable to LBSB Funding, Mark Nealon, due 4-1-19; $576,593 payable to LBSB Funding, Mark Nealon, due 4-1-19, total of $2.24M
Comments: APN: 02278-17-022. This site is scheduled for redevelopment into an office building.
Property Location: 4855 Federal Blvd., Denver
Property Description: 5,500-sf restaurant, YOC 1978, brick
Land Size: 44,566 sf
Sales Price: $2.1M, or $381.82 per sf
Reception No: 2016064432
Closing Date: 5/13
Grantor: Paul Kruetzfeldt, 75%, & Jo Ann Conant, 25%
Grantee: Culinary Expressions LLC, Robert J. Holloway, manager, chef of McCoy’s, 303-433-9511, chefbobh@hotmail.com
Financing: $2M payable to Stratford Breckinridge Square TIC2 LLC
Comments: Sold in August 2007 for $1.9M. The buyer is the chef of the tenant. He purchased the building from the landlord and continues to run the business as McCoy’s Restaurant. The property was leased in the mid 2000s for around $28.60 per sf, triple net, according to the last for sale brochure. There are 70 parking spaces. McCoy’s is open 24 hours a day and is one of Denver’s oldest and most well-known restaurants.
Property Location: 109-119 & 135 S. Harrison St., Denver
Property Description: Two duplexes, YOC 1956, land value, zoned G-RH-3
Land Size: 18,750 sf & 6,250 sf, total 25,000 sf
Sales Price: $1.7M, or $94.31 per sf
Reception No: 2016060382 & 2016060381
Closing Date: 5/6
Grantor: Marvin R. Becker, Cynthia A. Becker & James H. Marlow
Grantee: The Cassidy LLC, Reid Phillips, manager
Financing: $1.9M payable to MidFirst Bank
Comments: Buyer is planning to build 29 residential condominiums on eight lots; see lots 31-38, Block 29, Burlington Capital
Property Location: NEC Martin Luther King Jr. Blvd. & Uinta St., Denver
Property Description: Vacant land
Land Size: 2.04 acres
Sales Price: $1.3M, or $15 per sf
Reception No: 2016064883
Closing Date: 5/18
Grantor: FC Stapleton II LLC, Brian Fennelly, manager
Grantee: 30 West Pershing LLC, Tom Hudek, manager, c/o EPR Properties, 909 Walnut St., Suite 200, Kansas City, MO 64106, 888-377-7348
Comments: Listed by Newmark Grubb Knight Frank, Mike Wafer, SIOR, 303-260-4242.
Property Location: NEC W. 24th Ave. & Eliot St., Denver
Property Description: Three residential buildings, land value, zoned G-MU-3
Land Size: 15,860 sf
Sales Price: $1.3M, or $83.15 per sf
Reception No: 2016065294 & 2016065293
Closing Date: 5/19
Grantor: Chenango Partners III, Charles E. Dunleavy III, & 2847 West 24th Ave. Partners LLC, Charles E. Dunleavy III, manager
Grantee: 24th & Eliot LLC, J. Kevin Ray, manager
Comments: Tim Finholm and Sam Leger of Unique Properties LLC-TCN Worldwide were the listing brokers, 303-321-5888
Property Location: 2626 W. 32nd Ave., Denver
Property Description: 3,360-sf retail building, YOC 1931, brick, recently renovated
Land Size: 4,750 sf
Sales Price: $900,000, or $267.86 per sf
Reception No: 2016063443
Closing Date: 5/4
Grantor: 2626 Enterprise LLC, Zee Ferrufino, manager
Grantee: 2626 Creative LLC, Jason B. Wedekind & Allison A. Fries, manager
Financing: $501,200, due 4-22-36, payable to Wells Fargo Bank, NA, SBA loan, $401,400 payable to Wells Fargo Bank, NA, due 7-22-16
Comments: The buyer is an owner-occupant for a portion of the building and can be reached at 303-656-9312, Jason@genghiskern.com. Grantee is a husband and wife team that owns Ghengis Kern graphic design and printing along with Denver Fine Furniture. They executed a lease in January 2015 and subsequently purchased the building from the landlord/seller.
Property Location: 3926 Tennyson St., Denver
Property Description: 4,367-sf retail building, YOC 1948, tile block
Land Size: 7,348 sf
Sales Price: $990,000, or $226.70 per sf
Reception No: 2016062750
Closing Date: 5/12
Grantor: The Others LLC, Hervey & Kristi Flesher, members
Grantee: 3926 Tennyson Street LLC, Laurie A. Kissack, manager, 740-398-0157
Financing: $792,000 payable to The Park National Bank, Newark OH
Property Location: 668 King St., “Seventh Avenue Congregational Church”
Property Description: 6,936-sf church, YOC 1913, brick construction, & 840 sf house, YOC 1913, brick construction, total of 7,776 sf
Land Size: 12,500 sf
Sales Price: $865,000, or $111.24 per sf
Reception No: 2016065118
Closing Date: 5/18
Grantor: Seventh Avenue Congregation Church, Al Schroder, president
Grantee: Church of the Advent, Rob L. Paris, priest, 720-250-8278
Financing: $585,000 payable to CoBiz Bank
Comments: Listed and sold by Kevin Lentz, 303-425-7373
Property Location: 1225 N. Logan St., Denver, “Capitol Hill Tavern”
Property Description: 4,280-sf restaurant/bar, YOC 1900, masonry
Land Size: 6,490 sf
Sales Price: $780,000, or $182.24 per sf
Reception No: 20160665127
Closing Date: 5/17
Grantor: D2J2 Inc. LLC, Darren Fogel, manager, 303-883-2252
Grantee: PW Real Estate Holdings LLC, Travis Berry & Scott Chase, managers, c/o Political Works Inc., 720-570-9200
Financing: $585,000 payable to CoBiz Bank
Comments: There are seven parking spaces in the back and the venue will remain the same. There is 1,427 sf in the basement. Lance Myers, one of the owners of the tavern and a broker with Urban Lux Real Estate, 303-910-8831, sold the property to Berry and Chase. The building was two-story with wood floor and hot water heat.
Property Location: 1145 S. Cherokee St., Denver
Property Description: 2,344-sf industrial, YOC 1948, tile block
Land Size: 6,125 sf
Sales Price: $325,000, or $138.65 per sf
Reception No: 2016063623
Closing Date: 5/12
Grantor: Arthur Allen
Grantee: Roland Plaster Properties LLC, Daniel F. Pino, member
Financing: $276,300, due 5-16-36, payable to AmFirst Bank
Comments: There are two buildings on this site. The residential building contains 714 sf and is considered a fixer-upper. The 1,630-sf industrial building is occupied by MMJ Americo Despensary and Grow Facility. There is a fenced storage yard on the property. Terry Robinson of Brokers Guild, 303-810-7435, was the listing broker.
Douglas County
Property Location: 19878 E. Hilltop Road, Parker, “Pinehill Crossing”
Property Description: 11,753-sf multitenant strip center, YOC 2008
Land Size: 1.25 acres
Sales Price: $3.6M, or $306.30 per sf
Reception No: 2016029577
Closing Date: 5/12
Grantor: Pine Hill Building No. 2 LLC, Steven A. Weirich, manager
Grantee: Pinehill Crossing LLC, Edward E. Simpkins, 949-675-8791
Financing: $2.7M payable to Westerra Credit Union, due 6-1-26
Comments: Listed by Barry Higgins, Richard Bird & David Lee* of Marcus Millichap Inc., 303-328-2000. The average rental rate for the center is $22.05 per sf. The center sold on an in-place cap rate of 7.2% and was 100% leased at time of sale. *David Lee is from Los Angeles office of Marcus & Millichap, 714-822-1835.
Property Location: 9910 S. Twenty Mile Road, Parker, “The Spa Palace”
Property Description: 5,400-sf restaurant, converting to retail, YOC 2004, masonry/stucco
Land Size: 1.54 acres
Sales Price: $1.3M, or $240.74 per sf
Reception No: 2016026985
Closing Date: 4/20
Grantor: 9910 S Twenty Mile Road LLC, Mel Moore, asset manager
Grantee: 9910MTW LLC, Michael Wiege, manager, 719-528-1881
Financing: $2.7M payable to Westerra Credit Union, due 6-1-26
Comments: Property was listed by Jason Thomas of Trevey Land and Commercial, 970-309-3662. This was formerly the Black-eyed Pea restaurant and was vacant at time of sale. Property was on the market for several years. The property sold in December 2006 for $2.75M, which was secured by a lease with Black-eyed Pea. It is unknown is there was consideration for termination of the lease by the tenant, BEP Colorado Restaurant LLC. A letter dated 3-27-2015 indicates the tenant defaulted on the lease dated 11-1-2005. The term of the lease was for a base term of 15 years, with four five-year options to renew. Buyer is currently renovating the space for his retail business, “The Spa Palace,” which markets pool tables, grills, hot tubs and other outdoor items.
Property Location: 7224 Reynolds Drive & 7246 Reynolds Drive, Sedalia
Property Description: Vacant industrial land
Land Size: 2.13 acres
Sales Price: $675,000, or $7.29 per sf
Reception No: 2016028244
Closing Date: 5/6
Grantor: MJF Properties, Michael J. Folsom, manager
Grantee: TA Investments of Colorado LLC, Tom Davey, manager, 303-683-9500
Financing: $2.7M payable to Westerra Credit Union, due 6-1-26
Comments: Vacant land adjoins buyer’s 6,000-sf industrial building, which is situated on 1.15 acres. With this assemblage, the property now contains 3.28 acres. Buyer Tom Davey of Davey Coach Sales Inc. will use the additional land for storage of vehicles for sale.
Jefferson County
Property Location: 4653 Table Mountain Dr., Golden
Property Description: 53,399-sf industrial building, YOC 1997, concrete panel
Land Size: 5.85 acres
Sales Price: $3.25M, or $60.86 per sf
Reception No: 2016042505
Closing Date: 5/3
Grantor: BRE West Mixed Asset Owner LLC, by: Blackstone Real Estate Advisors LP
Grantee: Albrook Partners LLC, Stuart Bombel, manager
Financing: $2.3M at 5.25%, due 6-1-31, payable to FirstBank
Comments: The building contains 34,267-sf warehouse, climate-controlled space with 22’ clear ceiling, three drive-in loading doors, a three-ton bridge crane. There is a 13,240-sf office space and 5,892-sf lab space, for a total of 53,399 sf. The property includes a full kitchen, patio area, locker rooms and a 40-seat training facility. There are 114 parking spaces. The listing brokers include NAI Shames Makovsky’s Evan Kline, 303-565-3028, & C-III Realty Services, Bill Leifeste, 972-868-5359. The building was vacant at time of sale.
Property Location: 17351 W. 64th Ave., Arvada
Property Description: Vacant land, proposed 141-unit independent living building planned, with approximately 106 parking spaces
Land Size: 4.56 acres
Sales Price: $1.4M, or $7 per sf
Reception No: 2016047522
Closing Date: 5/18
Grantor: Veldkamp’s Real Estate Inc., Bernard M. Veldkamp III, president, 303-420-3343
Grantee: MVG-MS, MorningStar Arvada, LLC, Marshall Burton, president, 303-750-5522, 44.12%; Rankin Holdings LLC, Jon Rankin, manager, 24.83%; & Dennis Profits-Interest LLC, Jon Rankin, manager, 31.94%
Comments: Proposed 141-unit senior living facility planned. Property is located on the north side of W. 64th Ave., approx 275’ east of Virgil Way intersection with W. 64th Ave.
Property Location: 9883 W. Chatfield Ave., Littleton
Property Description: 2,997-sf convenience store with gasoline pumps, YOC 1997 & 876 free-standing car wash, YOC 1997, total of 3,873-sf c-store/car wash
Land Size: 85,924 sf
Sales Price: $1.35M, or $348.57 per sf
Reception No: 2016047522
Closing Date: 5/18
Grantor: Land Securities Investors Ltd.
Grantee: Chat Kipling LLC, Rob Edwards & Thomas G. Ethington, managers
Financing: $966,000 payable to MidFirst Bank, due 5-18-17
Comments: Buyer represented itself through its brokerage company, Pinnacle Real Estate Advisors LLC. Property is located on northwest corner of S. Iris Way & W. Chatfield Ave and includes a vacant lot on northeast corner of S. Kipling St. & W. Chatfield Ave.
Property Location: 2400-2414 Ford St., Golden, south corner 24th St. & Ford St.
Property Description: 3,268-sf day care center, YOC 1963; 1,197-sf house, YOC 2000; 936-sf 1.5 story home, YOC 1912; 1,189-sf house, YOC 1912, potential redevelopment site
Land Size: 32,714 sf
Sales Price: $1.35M, or $41.27 per sf
Reception No: 2016048060
Closing Date: 5/13
Grantor: Golden Point LLC, Henry Charles Tiberi, manager
Grantee: Golden Fossil Point LLC, Chris Ernst, president, 303-987-5000, Golden
Comments: Buyer’s website is www.aresllc-properties.com.
Property Location: Antero Court & W. 87th Drive, vicinity, also w/s Culebra St., 118’ north of W. 87th Lane, Arvada
Property Description: Seven vacant residential lots
Land Size: 65,059 sf zoned residential
Sales Price: $1.2M, or $168,604 per lot, or $18.14 per sf
Reception No: 2016046568
Closing Date: 5/17
Grantor: DFH Leyden LLC, Joshua B. Lewis, manager
Grantee: DFH Mandarin LLC, 4817 Nelson Road, Longmont 80503
Comments: Lots 140, 141, 146, 147, Block 1, 42,048 sf; Lots 56, 60, Block 3, 15,811 sf; Lot 11, Block 10, 7,200 sf, all in Leyden Rock Subdivision Filing No. 6; see Reception No. 2014080959 for file plat of lots.
Property Location: 6795 W. 44th Ave., Wheat Ridge, “Pierce Street Commons”
Property Description: 10,880-sf multitenant strip center, YOC 1972, masonry
Land Size: 35,805 sf
Sales Price: $1M, or $91.91 per sf
Reception No: 2016046568
Closing Date: 5/17
Grantor: Patricia W. Askew, 3845 Cody St., Wheat Ridge, CO 80033-4310
Grantee: Pierce Ltd., Tam M. Nguyen, member, 3086 Victor St., Aurora 80011
Financing: $800,000 payable to U.S. Bank, NA
Comments: Listing brokers were Justin Brockman and Jules Hochman, Pinnacle Real Estate Advisors LLC. Tenants include Pet Grooming, Altitude Salon, Visions in Gold, Rainbow-R Services Center. Buyer has been a tenant in the building, owning Altitude Salon, 303-422-3123.
Property Location: 12545 W. 54th Drive, N/S W. 54th Dr., 250’
west of Ward Road, Arvada, “Tower Place”
Property Description: Vacant land
Land Size: 1.05 acres
Sales Price: $318,500, or $6.96 per sf
Reception No: 2016046568
Closing Date: 5/16
Grantor: RGT #2 LLC, Robert G. Tointon, manager, 970-353-7000
Grantee: Thomas & Ann Phillips, 3 Knoll Pines Ct., Woodlands, TX 77381
Financing: $222,954, 4.5% payable to FirstBank, due 5-1-17
Comments: Listing broker was Pete Jessen, 303-232-1171, of Mile High Development Co. All streets and infrastructure stubbed to the site.
The Winslow Report, authored by John V. Winslow is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of WinComps LLC and has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
