Winslow Report 9-7-16

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 Winslow Property Consultants and has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or

Adams County

Property Location: 10701 Pecos St., Northglenn, “Village by the Park Apartments”

Property Description:288-unit, three-story apartment complex with 24 buildings, 187,200 sf, YOC 1971, brick/frame

Land Size: 12.22 acres

Sales Price: $26M, or $90,278 per door, or $138.89 per sf

Reception No.: 2016000068210

Closing Date: 8/17

Grantor: Nuevo Oaxaca LLC

Grantee: Uvector Village By The Park LLC, Benjamin Agin, manager, & Daphne Uviller

Financing: Assumption of $16.33M, balance at time of closing @ 4.34% due Jan. 1, 2027. Execute new deed of trust in the amount of $3.03M @ 4.69% payable to Red Mortgage Capital LLC. LTV is 74.4%

Comments: APN: 01719-093-21-001. Buyer signs personally for the assumption, which is payable to Red Mortgage Capital LLC. There are 144 one-bedroom units and 144 two-bedroom units. The listing brokers are Joe Hornstein, 303-962-9539, Scott Fetter, 303-962-9564, & Eric Veith, 303-962-9570, all of Pinnacle Real Estate Advisors. The building has undergone $5M in capital improvements since 2012 with 24 new boilers. The units are separately metered for electricity and tenants are billed for utility usage. The operating expenses total $4,332 per unit. The current cap rate is 6.4% while the pro-forma cap rate is estimated to be 7.24%. The gross building area is 204,050 sf with the net rentable area 187,200 sf. The projected pro-forma cap rate is 7.24%.


Property Location: 5100 W. 81st Pl., Westminster, “Life Storage”

Property Description: 44,518-sf self-storage facility, YOC 2000, masonry

Land Size: 3.67 acres

Sales Price: $8.9M, or $199.92 per sf

Reception No.: 2016000063488

Closing Date: 8/4

Grantor: Little Park Ranches LLP, Kelley Burford, general partner

Grantee: Sovran Acquisition LP, 6467 Main St., Buffalo, NY 14221

Comments: APN: 01719-30-3-10-015. Home office of buyer is 877-270-4665.


Property Location: 16921 E. 32nd Ave., Aurora, “Lexington Inn”

Property Description: 95-room, three–story hotel, 44,000 sf, YOC 1996

Land Size: 3.21 acres

Sales Price: $7.7M, or $4.46 per sf

Reception No.: 2016000062869

Closing Date: 8/1

Grantor: Sung Kull Kim & Grace H. Kim

Grantee: W4K Inc., Ky Truong, president, 4500 E. Evans Ave., Denver

Financing: $5.39M, payable to First National Bank Arapahoe

Comments: APN: 01821-28-0-02-002. The last sale was in October 2014 for $6.15M.


Property Location: 6691 Colorado Blvd., Commerce City

Property Description: 22,414-sf warehouse, YOC 1999, metal

Land Size: 2.63 acres

Sales Price: $4.72M, or $210.37 per sf

Reception No.: 2016000061969

Closing Date: 7/28

Grantor: Cross Development CC Commerce City LLC, Cross Development Co, Plano, TX, Steve Rumsey, manager, 214-614-8252

Grantee: 6691 Colorado Blvd. Partners LLC, John Barry Porteous Jr., manager, 4100 Birch St., Suite 100, Newport Beach, CA 92660

Financing: $2.65M, payable to ReadyCap Commercial LLC, Irving, TX, due 8-1-26

Comments: APN: 01825-01-4-01-004. This property sold in July 2015 for $2.95M. This is an investment sale with the single tenant being Caliber Collision.


Property Location: 17050 E. 103rd Ave., Commerce City, “Primrose School”

Property Description: 10,755-sf day care center, YOC 2007, masonry construction

Land Size: 1.78 acres

Sales Price: $3.6M, or $334.73 per sf

Reception No.: 2016000062231

Closing Date: 7/29

Grantor: Roots To Wings Reunion Development LLC, Elizabeth M. Deasy, manager

Grantee: Mountain Tykes Development Reunion LLC, Stephanie Branscum, manager, 303-650-5437

Financing: $1.81M payable to Wells Fargo Bank, NA, SBA loan due 10-29-36

Comments: Beth Deasy sold the school to Stephanie Branscum July 29. It is unknown if the sale of the franchise was additional consideration.


Property Location: SEC E. 19th Ave. & Picadilly Rd., also fronts northeast corner of Picadilly and Interstate 70, Aurora

Property Description: Vacant land

Land Size: 19.21 acres

Sales Price: $3.45M, or $4.12 per sf

Reception No.: 2016000063460

Closing Date: 8/4

Grantor: Prologis Park 70 Land Venture LLC, Megan Robert, SVP

Grantee: 19th Avenue Aurora Colorado Becknell Investors LLC, Pete Anderson, EVP, & Dan Fogarty, SVP-Development, 317-669-6000

Comments: The buyer is planning to build a 251,680-sf “spec” warehouse. The case manager is Brenden Paradies, 303-739-7266, of the city of Aurora, case No. 2016-6023-00.


Property Location: SEC Grant Circle & Grant St., Thornton

Property Description: Vacant land, 109-room, four-story 83,191-sf hotel planned

Land Size: 2.65 acres

Sales Price: $2.52M, or $21.88 per sf

Reception No.: 2016000061617

Closing Date: 7/25

Grantor: Pate Development Company Inc., Roger Pate, manager

Grantee: Vijaypal Singh Dhillon, 4001 Bella Tuscany Dr., Modesto, CA 95356

Comments: Lots 6 & 9 Washington Square Sub, Filing No. 20


Property Location: SE/S E. 36th Drive, 500’ NE of Odessa St.

Property Description: Vacant land

Land Size: 279,167 sf

Sales Price: $1.1M, or $4 per sf

Reception No.: 2016000065911

Closing Date: 8/10

Grantor: 1435 Pearl Street Apartments LLP, Michael M. Wafer, manager

Grantee: Opus Development LLC, Peter Coakley, SVP

Comments: Lot 2, Block 1, Aurora Business Center Filing No. 22, Amend. No. 1. The project is named Rangeview Industrial Center and will contain 122,500 sf of speculative industrial space. Mike Wafer, 303-260-4242, and Mike Wafer Jr. of Newmark Grubb Knight Frank were the listing brokers and will represent Opus for leasing of the industrial space. According to the press release, none of the space has been preleased and pricing will begin at $6 per sf triple net. According to the secretary of state, Lee Petrides is also a partner for the seller in the transaction.


Property Location: 6071 E. 72nd Ave., Commerce City

Property Description: 7,880-sf retail building, YOC 2004, masonry with 31 spaces

Land Size: 33,541 sf

Sales Price: $1.2M, or $155.46 per sf

Reception No.: 2016000061569

Closing Date: 7/28

Grantor: 72nd Colorado LLC, Eleanor Anne Harrison, manger

Grantee: Peterman Investments LLC, Helen Peterman, manager

Financing: $860,000, payable to Bank of Denver, due 8-1-46

Comments: Tom Myers of Unique Properties LLC listed the property for $1.26M. This property sold on an in-place cap rate of 7.2%. There are five years remaining on the lease with four additional five-year options.

Arapahoe County

Property Location: 1250 S. Dayton Ct., Denver, “Legend Oaks Apartments”

Property Description: 488-unit, three-story apartment complex with 24 buildings, 466,760 sf, YOC 1997, brick/frame

Land Size: 26.03 acres

Sales Price: $98.5M, or $90,278 per door, or $138.89 per sf

Reception No.: D6094306

Closing Date: 8/24

Grantor: Fairfield Legend Oaks LLC, Gino A. Barra, VP

Grantee: TC Legend Oaks LLC by: Jackson Square Properties LLC, Thomas J. Coates, manager

Financing: $303.86M blanket mortgage payable to Berkeley Point Capital LLC

Comments: APN: 1973-22-1-23-001. There are 110 detached garage parking spaces, plus 836 open parking spaces. The average rental rate is $1.39 per sf with an average size of 956 sf. There are 232 one-bedroom units, 232 two-bedroom/two-bath units and 24 three-bedroom/two-bath units. The listing brokers are David Martin and Pam Koster of Moran and Company.


Property Location: Northeast corner South Shady Grove Way & E. Arapahoe Rd.

Property Description: 218 residential vacant lots

Land Size: 37.82 acres

Sales Price: $9.28M, or $5.63 per sf, or $42,569 per lot

Reception No.: D6087859

Closing Date: 8/10

Grantor: Southshore Recovery Acquisitions LLC, Jonathan Shumaker

Grantee: William Lyon Homes Inc., Richard S. Robinson, SVP, Jeff McGovern, Colorado division manager, 303-703-8606

Financing: $2.98M, payable to grantor, due 8-9-17

Comments: Lots 1-39, Block 1; Lots 1-10, Block 2; Lots 1-21, Block 3; Lots 1-47, Block 4; Lots 1-7, Block 5; Lots 1-16, Block 6; Lots 1-48, Block 7; Lots 1-10, Block 8; Lots 1-20, Block 9, Southshore at Aurora Subdivision Filing No. 12. See file plats D6085783 & D6085784. The lots were sold as 218 lots without streets, parks or open space as that was dedicated to the city of Aurora prior to ratification of the plat. The seller acquired several hundreds of acres within the last six years and has gradually platted the land into finished paper-platted lots. There are 11 lots that are 5,460 sf, 10 lots that are 5,720 sf and 44 lots that range from 5,460 to 5,996 sf. There are 43 lots that range from 6,124 sf to 6,934 sf. There are 46 lots that range from 7,033 sf to 7,989 sf, including 10 lots that are 7,440 sf. There are 49 lots that range from 8,011 to 8,923 sf and 21 lots ranging from 9,008 sf to 9,850 sf. There are 12 lots ranging from 10,012 sf to 10,850 sf and three lots from 11,530 to 12,359 sf. The mean size lot is 7,557 sf, while the medium size lot is 6,183 sf.


Property Location: 13900 E. Harvard Ave., Aurora, “13900 @ Iliff Station”

Property Description: 74,040-s, three-story office building, YOC 1985

Land Size: 3.14 acres

Sales Price: $5.3M, or $71.92 per sf

Reception No.: D6088075

Closing Date: 8/9

Grantor: Central Place Holding LLC by: Nexgen Properties LLC, Travis McNeil

Grantee: Home Buyers Resale Warranty Corp., Lindsay Iten, regulatory compliance manager, 303-368-4805

Comments: The buyer will occupy the building and the location is near the Iliff light-rail station. The property was renovated in 2015 and has 245 parking spaces. The last leasing brochure was from Cushman & Wakefield, Ryan Stout, Nathan Bradley and Zach Williams. The seller is located in the Denver Tech Center and can be reached at 303-751-9230 or


Property Location: 6786 S. Revere Pkwy., Centennial

Property Description: 14,083-sf office/warehouse, YOC 1984, masonry

Land Size: 1.33 acres

Sales Price: $1.34M, or $95 per sf

Reception No.: D6089507

Closing Date: 8/10

Grantor: Eaglecreek Associates IV, James R. Blair

Grantee: Pagett Electric Company, Kimberly A. Pagett, CEO, 303-706-9260

Financing: $1.1M, payable to UMB Bank

Comments: APN: 2075-25-2-25-004. 50% of the space is open warehouse area. Listed by CBRE Inc.


Property Location: S/S E. Mineral Ave., approx. 390’ E. of S. Hannibal Cir.

Property Description: Vacant land

Land Size: 7.99 acres

Sales Price: $1.18M, or $3.40 per sf

Reception No.: D6089908

Closing Date: 8/15

Grantor: Dove Valley Business Park Associates Ltd., Angelo Mariani, general partner

Grantee: MCCW Holdings LLC, Jack McClurg, 303-799-1732, Englewood

Financing: Cash

Comments: Lot 10, Block 1, Dove Valley V, Filing No. 13


Property Location: 100 Interstate 70 Frontage Rd., Bennett

Property Description: 5,856-sf auto service garage, YOC 2002, metal construction, includes 2,000-sf office area, building two contains 675 sf with two offices and open reception area; total area is 6,531 sf

Land Size: 5.28 acres

Sales Price: $1/1M, or $167.20 per sf

Reception No.: D6090546

Closing Date: 8/16

Grantor: L&E Property Management LLC, Lonnie & Erika Clark, members

Grantee: Hallie Holdings LLC, Robert C. Gleave, manager

Financing: Cash

Comments: There is a small second building containing 675 sf. The main building has three drive-in doors, two 12×12’ doors and one 12×14’ door, with 15’ ceiling height. The property was listed by Tyler Ryon, 720-833-4612, & Steve Serenyi, 303-283-4578, both of Colliers International. The land price reflects $4.75 per sf as the property is located on the southwest corner of Interstate 70 Frontage Rd. & County Rd. 133, S. 1st St. This was a 1031 exchange on behalf of the buyer as he traded 908 S. Havana St. for this property. Seller used the building for its business, Clark Equipment Sales & Rentals, 303-644-4220. It is unknown if Gleave used his listing brokers, Doug Passon, Kyle Carson & Rob Bender of Fortis Net Lease, to facilitate this 1031 exchange.

Broomfield County

Property Location: 200 Summit, “Bell Summit at Flatirons Apartments”

Property Description: 500-unit, four-story apartment building, 480,197 sf rentable area, with three-level parking garage containing 97,344 sf, YOC 2004, stucco/masonry

Land Size: 14.16 acres

Sales Price: $116.3M, or $232,600 per door, or $242.29 per sf, rentable area

Reception No.: 2016009682

Closing Date: 8/5

Grantor: PPF AMLI 210 Summit Boulevard LLC, Chicago office, 312-283-4700, Fred Shapiro, SVP, & James McCormick, SVP-acquisitions and dispositions

Grantee: CH Realty VII-Bell MF Denver Interlocken LLC, by: Bell Partners Inc., Steven D. Bell, chairman, 336-232-1900, Raleigh, NC 27607

Financing: $80.5M, payable to Walker & Dunlop LLC, due 9-1-23

Comments: See APN: 1575-32-2-17-001 – 13.1 acres, contact 720-566-0600. The Broomfield County Assessor shows 643,992 sf of gross building area. Joseph Cannon is SVP for Bell Partners Inc. Rents start at $1.90 per sf for 611-sf, one- bedroom unit; $1.64 per sf for 761-sf, one-bedroom unit; $1.66 per sf for 840-sf one-bedroom unit; $1.33 per sf for 1,086-sf, two-bedroom/one-bath unit; $1.27 per sf for 1,186-sf, two-bed/two-bath units; $1.45 per sf for 1,409-sf, two-bed/two-bath unit. There are five one-bedroom models and six two-bedroom models. Andy Mutz is SVP of development and works in the Denver office, 303-225-2800. The property was listed by Moran & Company, David Martin, 720-235-3261, & Pamela Koster, 720-235-3262. There are 264 one-bedroom units @ 701 sf average size, 40 two-bedroom/one-bath units @ 1,086 sf & 196 two-bedroom/two-bath units @ 1,284 sf average size. The average rental rate at the time of listing was $1.44 per sf.


Property Location: 1660 W. Midway Blvd., Broomfield, “At Home”

Property Description: 117,202-sf retail big-box store, YOC 1996

Land Size: 11.3 acres

Sales Price: $8.5M, or $72.68 per sf

Reception No.: 2016009482

Closing Date: 8/2

Grantor: 1660 W. Midway Boulevard, 1031 LLC, Judd T. Nystrom, CFO of Garden Ridge, At Home, Plano, TX 75074

Grantee: Spirit Master Funding X LLC, Boyd Messmann, EVP, & chief acquisition officer, 480-606-0820, Dallas, TX 75201

Comments: See APN: 1575-353-30-001. This formerly was a Target store that closed 1-28-2012. The tenant moved into the space in October 2013. This is a sale-leaseback. A new memorandum of master lease agreement was executed July 26 for a term of 15 years with four options to renew of five years each. See 2016009483.

Property Location: 3400 Industrial Lane, Broomfield

Property Description: 60,437-sf flex building, YOC 1969, brick, renovated in 2015

Land Size: 4.41 acres

Sales Price: $6.92M, or $72.68 per sf

Reception No.: 2016009217

Closing Date: 8/2

Grantor: 36 Properties LLC by IAO Properties, Inc., Calvin J. Essen, president

Grantee: 3400 Industrial LLC, Ricardo Bottome, manager, 303-443-0163, 94.83%, & Eric R. Rutherford & Brenda A. Rutherford, 5.17%

Comments: Property was listed by Matt Call of NavPoint, 720-420-7530. Estimated cap rate reported to be 7.5%. Eric Rutherford, 303-944-1574, of Wright Kingdom represented the buyer. The property has 211 parking spaces and the buyer is the CEO of Canaima Outdoors.

Boulder County

Property Location: 1900 Pike Rd., Longmont

Property Description: 90,498-sf flex building, YOC 1988

Land Size: 7.88 acres

Sales Price: $14M, or $153.72 per sf

Reception No.: 03535035

Closing Date: 8/5

Grantor: Longmont Diagonal Investments LLC, Conrad Suszynski, manager

Grantee: Cimmerian Venture LLC & Decimus Properties LLC, 1600 A Street, Suite 110, Anchorage, AL 99501

Comments: Property was listed by Tyler Carner, Geoff Baukol & Jeremy Ballenger of CBRE Inc. Micron Technology took occupancy of the space in 2012 and recently expanded into the entire building with the completion of 21,075-sf office and high-tech lab build-out

Property Location: 2336 Canyon Blvd., Boulder

Property Description: 10,193-sf, two-story office building, YOC 1977

Land Size: 1.36 acres

Sales Price: $2.7M, or $264.89 per sf

Reception No.: 03537458

Closing Date: 8/15

Grantor: Breadforlife, nonprofit corporation, Michael P. Brady, manager

Grantee: PMP Canyon LLC

Comments: Property was listed by Danny Lindau of Colorado Group, 303-449-2131. Ext 118. He also had 1,110 sf & 2,519 sf for lease @ $25 per sf modified gross.

Denver County

Property Location: 4582 S. Ulster St., Denver, “Stanford Place III”

Property Description: 367,416-sf, 17-story office building, YOC 1984, renovated in 2001 & 2007, six passage elevators, 216-unit, three-story apartment building, 152,604 sf, YOC 1973, stucco/wood frame

Land Size: 6.77 acres

Sales Price: $39.25M, or $106.83 per sf

Reception No.: 2016113231

Closing Date: 8/23

Grantor: Legacy Partners II Denver Stanford Place III, LLC by: Steel Wave IMS, Rick Wada, VP, 650-571-2200

Grantee: AG Stanford Place III LLC by: Angelo Gordon Real Estate, Michael L. Gordon, CEO,

Financing: $37.8M, payable to Mesa West Real Estate Income Fund IV, due 9-1-21

Comments: The property is listed for lease by CBRE Robert Knisely, 303-628-7478, & John Miller, 303-528-6511. See APN: 07092-00-037. This transaction was handled by Tim Richey, Mike Winn & Chad Flynn of CBRE Inc.


Property Location: 7201 Leetsdale Dr., Denver, “Sage Brook Apartments”

Property Description: 216-unit, three-story apartment building, 152,604 sf, YOC 1973, stucco/wood frame

Land Size: 7.38 acres

Sales Price: $26.3M, or $121,759 per door

Reception No.: 2016106477

Closing Date: 8/11

Grantor: Sage Brook Apartments LLC, Dennis F. Coughlin, manager

Grantee: Sage Brook Community LLC HLC Equity, Barbara Katch, manager

Financing: $21M, payable to Bellwether Enterprise RE Capital, 10-year note

Comments: The one-bedroom units contain 617 sf while the two-bedroom/one-bath model contains 849 sf. Buyer is based out of Pittsburgh, PA, 412-521-5859.


Property Location: 4343 Airport Way, Denver, “Courtyard by Marriott”

Property Description: 193-room six-story hotel, YOC 2003

Land Size: 3.76 acres

Sales Price: $15.5M, or $80,312 per room

Reception No.: 2016106019

Closing Date: 8/10

Grantor: Denver DIA Lodging LLC, Leo M. Sand, manger, 320-202-3100

Grantee: 104-39 Stay LLC by: Stonebridge Realty Advisors Inc., Navin C. Dimond

Financing: $17.4M, payable to Commerce Bank, due 8-10-24

Comments: See 00204-01-007. Buyer will change the name to Courtyard by Marriott from Country Inn Suites. Transaction was negotiated by Teague Hunter of Hunter Hotel Advisors, based out of Atlanta, 770-916-0300. Buyer plans to completely renovate the building. Buyer contact is 303-785-3100.


Property Location: 8733 E. Northfield Blvd., Denver, “Conservatory Professional Plaza”

Property Description: 12,017-sf retail building, YOC 2015, masonry

Land Size: 50,232 sf

Sales Price: $5.55M, or $462.17 per sf

Reception No.: 2016104987

Closing Date: 8/9

Grantor: Drake Stapleton Partners Three LLC, Jon Hauser, general manager

Grantee: Cable Building Partnership LLP, Joel Stanton Judd, general partner

Financing: $2.55M, payable to First National Bank of Arapahoe

Comments: Northfield Veterinary Hospital occupies 3,300 sf of the 12,017 sf.


Property Location: W/S S. Niagara St., 500’ north of E. Belleview Ave., 4855 S. Niagara St., “DTC Senior Apartments”

Property Description: Vacant land, zoned S-MX-12

Land Size: 92,667 sf, as per survey; see 2016099978

Sales Price: $4.82M, or $52 per sf, or $29,382 per buildable unit

Reception No.: 2016107684

Closing Date: 8/12

Grantor: Belleview Land Group LLC by: Westfield Development, Randy M. Schwartz, manager, 303-298-1111

Grantee: BMSH I DTC CO LLC, by: MGL Partners LLC, Greg Glade, Mike Gerber & Lisa Mullins, managers, 303-892-6600,

Financing: $28.65M, payable to Synovus Bank, due 9-1-22

Comments: The buyer is planning a 164-unit senior apartment development with 173,000 sf of gross building area, complete with lower-level parking of 115 spaces plus 10 handicapped spaces and one loading space.


Property Location: E/S Milwaukee St., 100’ South of E. 4th Ave., 346 Milwaukee St., Denver

Property Description: Vacant land

Land Size: 31,250 sf

Sales Price: $7.6M, or $243.20 per sf

Reception No.: 2016104462

Closing Date: 8/5

Grantor: Cherry Creek Investment, Christopher M Wilson, manager

Grantee: Sourcerock Partners LLP, Wade Murphy, Khalid Reede Jones & John Eddie, 720-420-5900, 600 Grant, Suite 750, Denver 80203

Comments: Site sold to the seller on 9-29-14 for $5.8M. Zoning on the property is G-RH-3.


Property Location: Southeast corner of E. Asbury Ave. & S. Downing St., 2005-2013-2021 S. Marion St. & 2000-2010-2014 S. Downing St., Denver

Property Description: Vacant land zoned PUD

Land Size: 31,872 sf

Sales Price: $2.7M, or $84.32 per sf, or $134,375 per buildable unit

Reception No.: 2016106916

Closing Date: 8/11

Grantor: Asbury Communities LLC, A. Barry Hirschfeld, manager

Grantee: Asbury Properties LLC, Austin Witt Peterson, manager, 720-495-3516

Financing: $1.75M, payable to Commerce Bank

Comments: The buyer plans to build 17 townhomes ranging from 1,550 to 2,000 sf, each with rooftop deck and attached two-car garage. Also included are three single-family detached homes with elevators.


Property Location: 2455 S. Gaylord St., Denver

Property Description: 10-unit, two-story walkup-style apartment, 8,639 sf, YOC 1958, brick, all two-bedroom units with six parking spaces

Land Size: 7,810 sf

Sales Price: $1.9M, or $192,500 per door, or $222.83 per sf

Reception No.: 2016106916

Closing Date: 8/11

Grantor: NJL Properties LLC, Judith & Nicholas Lancy, members

Grantee: 2455 South Gaylord Street LLC, Kristen N. Mihalein, general manager

Financing: $1.64M, payable to First National Bank of Denver; 2nd $385,000 payable to the seller, four year note, step-up interest rate beginning at 5.5%

Comments: Property listed by Pinnacle Real Estate Advisors, Kevin Calame and Matt Lewallen, with Thomas Graeve, 303-962-9539. Expenses are projected at $14,789 per door. The cap rate with no property management and 3% vacancy reflects 6.28%.


Property Location: 4721 Tower Rd., Denver, “Dunkin Donuts”

Property Description: 2,232-sf restaurant, YOC 2015, brick

Land Size: 35,388 sf

Sales Price: $1.49M, or $667.56 per sf

Reception No.: 2016105940

Closing Date: 8/10

Grantor: C.P. Bedrock LLC by: Tickly Bender Dev. LLC, Chris S. Flagg, VP

Grantee: Novation Properties LLC, David Larson, manager, 720-529-2998

Comments: See building plans recorded 2014090417. There are 26 parking spaces provided, including two handicapped spaces.


Property Location: 3801 W. 32nd Ave., Denver

Property Description: 1,903-sf restaurant, YOC 1966, brick

Land Size: 3,700 sf

Sales Price: $850,000, or $446.66 per sf

Reception No.: 2016106694

Closing Date: 8/10

Grantor: Brinig Holdings LLC, Mary & Jill Brinig, members

Grantee: Fishwater Properties LLC, Andrea L. West, Craig M. Oberlink, Jordan S. Busch & Sara C. Sawicki, managers

Financing: $435,000, payable to Compass Bank due in 25 years; $345,000 payable to Compass Bank due three months & $356,000, SBA loan, due 20 years, payable to Colorado Lending Source Ltd.

Comments: Subject to lease between grantor, and Chilly Waters LLC and Fire on the Mountain


Property Location: 2857 Fairfax St., Denver

Property Description: 1,432-sf retail, YOC 1950, brick

Land Size: 15,625 sf

Sales Price: $800,000, or $51.20 per sf, land value

Reception No.: 2016105169

Closing Date: 8/8

Grantor: Fairfax Tower LLC, Anton Scherbl, manager

Grantee: 2857 Fairfax LLC, c/o HM Capital Group, Ben Maxwell, president, Bruce Maxwell, SVP, 866-933-8432, Denver 80202

Comments: There is an existing lease on the building and buyer will redevelop the property at the conclusion of the lease to residential use. This property is in an interim use and most likely will be torn down at the end of the lease. Property sold in March 2015 for $600,000.


Property Location: 5200 E. 43rd Ave., Denver

Property Description: Vacant land

Land Size: 56,866 sf

Sales Price: $675,000, or $11.87 per sf

Reception No.: 2016106679

Closing Date: 8/11

Grantor: DGGL I LLC, Robert M. Noone, manager

Grantee: CO E43 LLC, Michael S. Richardson, manager

Comments: Site sold to the seller March 18, 2014, for $500,000. The site has frontage on Union Pacific right of way. Possible plans for 38,000-sf greenhouse for grow operation. Site is located at southeast corner of Glencoe St. & E. 43rd Ave. terminus intersection.


Property Location: 2895 Fairfax St., Denver

Property Description: 2,771-sf free-standing retail building, YOC 1950

Land Size: 6,250 sf

Sales Price: $525,000, or $189.46 per sf

Reception No.: 2016109012

Closing Date: 8/15

Grantor: Fairfax Plaza LLC, Anton Scherbl, member

Grantee: RC3 LLC, Adipovis Inc., Christopher Cunningham, Tauna R. Rignall, Ryan Crisman & Laura Crisman

Financing: $331,500, payable to Coors Credit Union

Comments: Brokers were Eric Shaw, 720-319-3252, and Brandon Gouker of Pinnacle Real Estate Advisors representing the buyer and seller, respectively, 303-962-9555. Buyer plans to use half of the space for its business, a microbrewery. It will renovate the entire building and eventually expand into all of the space.


Property Location: 4640 Pecos St., Unit F, Denver, “Pecos Business Plaza”

Property Description: 2,898-sf office condo, YOC 2005, masonry, with 13 offices, two restrooms, two break rooms, conference room, reception and workstation area with outdoor patio

Land Size: 3,521 sf

Sales Price: $507,150, or $175 per sf

Reception No.: 2016107537

Closing Date: 8/15

Grantor: McCharlson Properties LLC, Kevin Charlson, member

Grantee: Stinkbug Properties LLC, Marcus T. Vahling, manager, 303-325-3271

Financing: $405,720, payable to Sunflower Bank, NA due 9-5-23

Comments: Buyer purchased unit for its business, MV Consulting, an electrical engineering and light design firm. Listed by Alec Wynne, 720-508-8112, Lowrey Burnett, CCIM, 720-508-8101, & Logan Clark.

Douglas County

Property Location: 340-390 Perry St., Castle Rock

Property Description: 19,418-sf, two-story retail building, YOC 1999

Land Size: 11,021 sf

Sales Price: $3.68M, or $189.35 per sf

Reception No.: 2016052968

Closing Date: 8/8

Grantor: Castle Centerstone LLC, Timothy White, 303-688-6924, Tom Walls, & Bradley K. Brown, managers

Grantee: Besherit LLC, John S. Levy, 907-561-2220, & Beth E. Rose, managers, 907-249-6611, Anchorage, AK 99503

Financing: $2.44M, payable to Midland States Bank

Comments: APN: 2505-111-48-006. Property was listed by Nick Heir & Matt Bernstein of Hier & Company, 303-688-3105. Suite 220 contains 2,647 sf and is quoted for lease at $24 per sf full-service gross. John S. Levy is a commercial real estate broker in Alaska.


Property Location: North side Promenade Pkwy., approximately 350’ east of U.S. Highway 85 (Santa Fe Drive)

Property Description: Vacant land

Land Size: 1.42 acres

Sales Price: $1.2M, or $19.43 per sf

Reception No.: 2016000061715

Closing Date: 8/14

Grantor: Littleleaf Mountain Mahogany LLC, by: Forum Management

Grantee: Erie Partners II LLC, David Bailey, manager

Comments: Lot 2 Block 5, Promenade at Castle Rock

Jefferson County

Property Location: 7846 W. Mansfield Pkwy., Lakewood, “Skyecrest Apartments”

Property Description: 300-unit, three-story apt. complex, 12 buildings, 254,789 sf, YOC 1998

Land Size: 16.61 acres

Sales Price: $68.25M, or $227,500 per unit, or $267.87per sf

Reception No.: 2016084307

Closing Date: 8/24

Grantor: Fairfield Bentley LLC, Gino A. Barra, VP, 5510 Morehouse Dr., Suite 200, San Diego, CA 92121

Grantee: JSP Skyecrest LLC, 50%, & First Class Skyecrest LLC c/o Jackson Square Properties LLC, 655 Montgomery St., Suite 1700, San Francisco, CA 94111

Financing: $51.2M, payable to M&T Realty Capital Corp

Comments: This is a reverse exchange. Lot 1 Block 1 & Lot 1-2, Block 2, First Edition Office Parking Filing No. 2. See APN: 59-022-03-016, 59-022-04-010. This property sold Dec. 18, 2013, for $43.5M.


Property Location: 7926 S. Platte Canyon Rd., Littleton 80128-5978

Property Description: 34,356-sf, two-story flex-industrial, YOC 1978, masonry

Land Size: 1.44 acres

Sales Price: $4.23M, or $123.12 per sf

Reception No.: 2016082612

Closing Date: 8/18

Grantor: Kiewit Infrastructure Co., Tobin A. Schrapp, VP

Grantee: Riverbend-Chatham HQ LLC, Mike L. Becky, manager

Financing: $2.94M payable to U.S. Bank, NA, due 8-15-21

Comments: Pt. Lot 1 & Lot 2, Block 1, South Platte Reservoir Subdivision Exemption recorded 1000788, Jefferson County. Office lease agreement dated 1-29-16. See APN: 59-364-15-004.


Property Location: 5280-5310 Vivian St., Arvada

Property Description: 17,408-sf warehouse, YOC 1978, masonry

Land Size: 42,852 sf

Sales Price: $1.75M, or $100.53 per sf

Reception No.: 2016080093

Closing Date: 8/12

Grantor: Endless Horizons LLC, Andrew L. Anderson, manager

Grantee: Vivian Fortress LLC, Charles P. Rahe, manager, 303-494-6908

Financing: $1.3M, payable to Bank of the West

Comments: Lot 6, Block 1, Aspen Business Park, see APN 39-171-05-064. Seller’s company, Reconstruction Experts, is located at 5310 Vivian, 877-410-4400.


Property Location: South side of W. 69th Ave., approximately 250’ west of Indiana St., 14872 W. 69th Ave., Arvada

Property Description: Vacant land

Land Size: 125,452 sf

Sales Price: $405,000, or $3.23 per sf

Reception No.: 2016079378

Closing Date: 8/10

Grantor: James M. Fay

Grantee: Blue Wing Storage Partners II LP, 7190 S. Lewis Way, Littleton 80127

Financing: $1.1M, construction & SBA loan, payable to Seacoast Commerce Bank of San Diego, 92128

Comments: Lot 10, Cottonwood Park in Ralston Valley; see APN 39-011-05-004. Buyer is Peter A. Shaw, 303-981-4968, or Blue Wing Capital.