December 3-December 16, 2014 —
COLORADO REAL ESTATE JOURNAL
— Page 21AA
Sales Price
: $1.5M, or $93,438 per unit, or
$129.44 psf
Closing Date
: 11/5
Grantor
: HT II LLC (Kevin Higgins* and
Andrew Toole, mgrs.)
Grantee
: Yukon Street Holdings LLC
(Scott Landen and Lauren Landen, mgrs.)
Financing
: $1.12M payable to Bellco Cred-
it Union, matures 11/4/24
Comments
: Listing brokers areKevinHig-
gins, Ryan Floyd, Jason Koch and Marc
Lippitt of Unique Properties LLC. There
are four 1-bed units @ 550 sf at $661 per
month, and 12 2-bed units @ 700 sf at $764
per month. Expenses average $2,898 per
unit, or $4.01 per sf, with cap rate reported
to be 7.18%
Property Location
: NEC S. Lima St. & E.
PeakviewAve., Centennial
Property Description
: Vacant land
Land Size
: 17 acres
Sales Price
: $1.3M, or $1.75 psf
Closing Date
: 11/14
Grantor
: 350 Investments LLC (Karen Sos-
nick Schoenberg, mbr.), and Fred A. and
Barbara M. Erb Family Foundation
Grantee
: DS Unlimited LLC (David W.
McCarthy, mgr.)
Comments
: Property listed by Doug
Viseur, 720-528-6378, and Todd Witty, 720-
528-6339, of CBRE. Site is fully entitled
with curb, gutter and sidewalk, zoned
Mixed-Use PUD. Property has frontage on
three sides.
Property Location
: 7124 S. Dillon Ct.,
Englewood
Property Description
: 10,944-sf, 2-story
warehouse, YOC 2003
Land Size
: 3.04 acres
Sales Price
: $1.2M, or $109.65 psf
Closing Date
: 10/23
Grantor
: M2514 LLC (Daniel T. Wright,
and Scott and Mandie Wright, mgr.)
Grantee
: Marty Farms LLC
Financing
: Cash
Comments
: This is a 1031 exchange. The
seller purchased this property in Septem-
ber 2013 for $1.08M and executed a loan
of $810,000 @ 5.2%, maturing 10/1/23
payable to FirstBank. The seller purchased
7354 S. Eagle St., Centennial, for $1.25M
July 1. It is unknown if this transaction
was a reverse exchange for the seller,
M2514 LLC.
Property Location
: 25750 E. Arapahoe
Rd., Aurora
Property Description
: Vacant land
Land Size
: 60,561 sf
Sales Price
: $975,000, or $16.10 psf
Closing Date
: 11/6
Grantor
: Evergreen-Arapahoe and
Smokey Hill LLC (Andrew Skipper, CEO)
Grantee
: Mega Pie LLC c/o Dion’s Res-
taurant, 8500 Jefferson St. NE, Albuquer-
que, NM 87113 c/o Doug Morse, director
of acquisitions
Comments
: Plan to build 5,100-sf “Dion’s
Restaurant,” which specializes in pizza.
This is the first metro Denver Dion’s Pizza;
one location already in Colorado Springs.
Property Location
: SES/ E. Arapahoe Rd.,
800’ NE of Smoky Hill Road, Aurora
Property Description
: Vacant land
Land Size
: 93,270 sf
Sales Price
: $840,000, or $9.01 psf
Closing Date
: 11/6
Grantor
: Evergreen-Arapahoe & Smokey
Hill LLC (Andrew Skipper, CEO)
Grantee
: Brewer Development LLC, 7001
Preston Road, Ste. 250, Dallas TX 75205
Comments
: 10,600-sf Prestige Pre-School
academy with 48 parking spaces. Devel-
oper is David Brewer, 214-521-7707.
Property Location
: NWC Belleview Ave.
& S. Broadway (5095 S. Broadway)
Property Description
: 5,369-sf bank,
wood construction, YOC 1976
Land Size
: 31,185 sf
Sales Price
: $800,000, or $25.65 per sf (land
value)
Closing Date
: 11/13
Grantor
: 5095 S. Broadway LLC (Shelley
Crouch Hupp, mgr.)
Grantee
: Sterling Gold LLC (Steve Wil-
liams) 5106 S. Broadway, Littleton
Comments
: Buyer has tentative plans to
construct a 6,000-sf retail center and use
for his Williams Jewelers business after
expiration of his lease. Buyer was attracted
to corner location and many experts have
confirmed this site is one of the best retail
sites in Englewood (original town). Buyer
worked with John Fairbairn, 303-226-4764.
The estate of Bill Crouch was not repre-
sented by any brokers.
Property Location
: 5930 S. Broadway,
Littleton
Property Description
: 2,600-sf auto sales
office for dealership, YOC 1963
Land Size
: 24,000 sf
Sales Price
: $670,000, or $27.92 per sf (land
value)
Closing Date
: 11/13
Grantor
: Rest Family Company LLC
Grantee
: Colorado McDonald Entprs.
LLC, 6060 S. Broadway, Littleton 80121
Comments
: Several parcels to the south
of this property are owned by the grantee
and acquisition was made for expansion
purposes. Property is locatedonE/S South
Broadway approximately 150’ south of E.
Orchard Ave. intersection.
Property Location
: 4442 S. Broadway,
Littleton
Property Description
: 2,600-sf auto sales
office for dealership, YOC 1963
Land Size
: 24,000 sf
Sales Price
: $670,000, or $27.92 per sf (land
value)
Closing Date
: 11/13
Grantor
: Rest Family Company LLC
Grantee
: Colorado McDonald Entprs.
LLC 6060 S. Broadway, Littleton 80121
Comments
: Property to the north. Sev-
eral parcels are owned by the grantee
and the buyer acquired this property for
expansion purposes. Property is located
on E/S South Broadway approximately
150’ south of E. Orchard Ave. intersection.
Property Location
: 4442 S. Broadway,
Englewood
Property Description
: 4,601-sf retail/
showroom space, brick/concrete const.,
YOC 2013
Land Size
: 12,500 sf
Sales Price
: $610,000, or $27.92 per sf (land
value)
Closing Date
: 11/13
Grantor
: Centennial Bank, Peter Ammon,
SVP
Grantee
: 4442 Limited LLC c/o Peter
Paradise, Lakewood
Financing
: $830,000 payable to First
National Bank of Denver, due 11/13/19
Comments
: Property was foreclosed by
the grantor with a total indebtedness of
$775,726. There are 14 parking spaces with
new A/C units on the roof with trade fix-
tures, including refrigerator and counter
sinks.
Denver County
Property Location
: 7755 E. Hampden
Ave., 7735 E. Hampden Ave. & 7600 E.
Eastman Ave., Denver
Property Description
: 355,269 sf within
3 multistory office buildings (two 6-story
buildings and one 7-story building), YOC
1980-1984
Land Size
: 11.75 acres
Sales Price
: $23.05M, or $64.87 per sf
Closing Date
: 10/30
Grantor
: GSMS 2004-GG2 Hampden
Office LLC c/o LNR Partners LLC, Miami,
FL
Grantee
: Tamarac Plaza LLC 10188 Telesis
Ct., Ste. 222, San Diego, CA 92121
Financing
: $20.6M payable to Prime
Finance Partners, 233 N. Michigan Ave.,
Chicago, IL 60601
Comments
: True buyer is Parallel Capital
Partners, with Matt Root, 658-882-9506;
Jim Ingebritsen, 858-882-9504; and Jim
Reynolds, 856-882-9502. Buyer is projected
to spend nearly $20 per sf on renovations
of the 60% occupied buildings. Property
sold for $37M in July 2004. Listed by Cush-
man &Wakefield, the property was on the
auction block in September 2014.
Property Location
: 3484 W. Moncrief
Ave.; 3220 Mead St.
Property Description
: Misc. improve-
ments
Land Size
: 62,250 sf
Sales Price
: $9.7M, or $156.07 psf
Closing Date
: 10/31
Grantor
: Moncrieff Placemaking c/o
Newmark Grubb Knight Frank (Thomas
H. Wootten, mgr.) 303-892-1111 (3 deeds)
602-778-2800
Grantee
: Broadstone Highlands Square
LLC c/oAlliance Residential Company, V.
Jay Hiemenz, COO, Phoenix, Arizona
Financing
: $29.05M payable to Bank of
America
Comments
: 150 units proposed
Property Location
: 1576 Sherman St.,
Denver
Property Description
: 3-story office bldg.,
27,664 sf, YOC 1956
Land Size
: 11,269 sf
Sales Price
: $4.9M, or $177.13 psf
Closing Date
: 10/15
Grantor
: 1576 Sherman LLC (Michael
Rothberg, mgr.) 303-825-5999
Grantee
: Killin Properties LLC 43551
Highway 6, Holyoke, CO (Kimbra Killin,
mgr.)
Comments
: The sale was handled by
David and Tony Leuthold, 303-871-9000,
and contains 8 surface parking spaces. The
building was renovated in October 2002.
Seller purchased building in June 2001 for
$1.65M.
Property Location
: 175 S. Sherman St.,
Denver
Property Description
: 16-unit, 2-story
center hall building, 10,289 sf, YOC 1958
Land Size
: 7,500 sf
Sales Price
: $1.76M, or $110,000 per unit
or $171.06 psf
Closing Date
: 10/31
Grantor
: N.L.B.J.R. Stem Charitable
Remainder Trust (Norwood L. Robb, mgr.)
Grantee
: 175 S. Sherman LLC (David H.
Burch, mgr.)
Financing
: $1.45M payable to Guaranty
Bank & Trust, due 11/1/24
Comments
: The salewas handled byGreg
Breslau and Jeff Johnson of Pinnacle Real
Estate Advisors.
Property Location
: 6565 E. Evans Ave.,
Denver
Property Description
: 2-story garden-lev-
el office building, 15,734 sf, YOC 1972
Land Size
: 44,684 sf
Sales Price
: $1.05M, or $66.73 psf
Closing Date
: 10/15
Grantor
: Barerose Evans LLC (Barry
Hamilton, mgr.)
Grantee
: 6565 E. Evans Owner LLC c/o
Advanced Cannabis Solutions
Financing
: $600,000 @ 14% payable to
Evans Street Lendco, 19 Fulton St., Ste.
301, NewYork City, NY 10038, matures on
10/21/2016
Comments
: See sale in May 2014 for
$650,000, formerly Bank of the West and
Frontier Bank building. Property was sold
by Fairbairn Commercial, John Fairbairn,
Mike Lindquist and Rick Giarratano, 303-
765-4344. There are 76 parking spaces.
Property will be used for marijuana pur-
poses and was offered on the market by
listing broker for $1.3M. The principals are
Robert L. Frichtel and Christopher H. Tay-
lor, CPA. It will also contain a fully built-
out bank facility with over 2,000 safety
deposit boxes, as federal banks cannot be
used for deposits from marijuana based
operations. It is a publicly traded firm
(CANN:OTC US)
Property Location
: 937-947 Santa Fe
Drive, Denver
Property Description
: 10,657-sf retail/
warehouse building, YOC 1939
Land Size
: 0.42 acres
Sales Price
: $1.75M, or $164.21 psf
Closing Date
: 11/3
Grantor
: Wyoming Pronghorn LLC
(Abbas Rajabi, mgr.)
Grantee
: Nomadic Properties LLC c/o
Summit Properties, Littleton
Comments
: Extensive renovation com-
pleted in 2008. There are 12 parking spaces.
Property Location
: 1200-1210 W. Byers
Place, Denver
Property Description
: 852-sf industrial
building, YOC 1945
Land Size
: 23,440 sf
Sales Price
: $450,000, or $19.20 psf (land
value)
Closing Date
: 10/23
Grantor
: Domenico Real Estate Partner-
ship II LLP (James J. Domenico, ptnr.)
Grantee
: Juan Manuel Sierra Bonilla and
Justin Daniel Browning
Financing
: $360,000 @ 6.5% payments of
$3,048.88 per month, due 10/21/29, pay-
able to the Grantor.
Douglas County
Property Location
: 10020 Trainstation
Circle, Lone Tree
Property Description
: 281-unit, 4-story
apt. building, 257,414 sf, YOC 2013
Land Size
: 4.18 acres
Sales Price
: $67.8M, or $241,281 per unit,
or $263.39 psf
Closing Date
: 11/6
Density
: 67.23 units/acre
Grantor
: Ridgegate II LP (Martin J. Fein,
mgr.) 713-683-4810
Grantee
: PPFAMLI 10020 Trainstation Cir
LLC, Fred Shapiro, SVP, 312-283-4700
Comments
: Listing brokers are Jeff
Hawks, Doug Andrews, Anna Stevens,
Terrance Hunt and Shane Ozment of ARA
Colorado, 303-260-4400. There are 24 stu-
dios at 517 sf; 80 1/1 @ 670-713 sf; 58 1/1
@ 820-909 sf; 30 2/2 @ 1,060-1,080 sf; 3
2/2 @ 1,140-1,168 sf; 28 @ 2/2 @ 1,177 sf;
8 2/2 @ 1,213 sf; 20 2/2 @ 1,221 sf; 16 2/2
@ 1,312 sf; 14 3/2 @ 1,396 sf. The average
size is 916 sf with the average rent at $1.71
per sf. Expenses are approximately $5,423
per unit not including capital reserves.
Stabilized income reflects mid 5% cap rate.
Property Location
: 8490 Upland Dr.,
Englewood
Property Description
: 64,000-sf ware-
house, concrete panel const., YOC 2006
Land Size
: 4.15 acres
Sales Price
: $7.6M, or $118.75 psf
Closing Date
: 10/31
Grantor
: Opus Real Estate Co VIII CPLLC
(David C. Watson, VP)
Grantee
: Hendricks Commercial Proper-
ties LLC, 525 Third St., Beloit, WI 53511-
6211
Comments
: Principal for the buyer is Rob
Gerbitz and can be reached at 608-362-
8981 with Diane Hendricks as chairman
of the board.
Property Location
: S/S South St, 200’ W
of Wilcox St (200 South St.), Castle Rock
Property Description
: 2,142-sf, 4-bay auto
service garage, YOC 1981
Land Size
: 28,009 sf
Sales Price
: $750,000, or $26.78 per sf (land
value)
Closing Date
: 10/23
Grantor
: Dannie D. Barnhardt and Mary
E. Barnhardt
Grantee
: Berkenkotter Motors LLC 729
Wilcox St., Castle Rock
Financing
: $725,000 @ 6% fully amortized
over 10 years payable to grantor
Comments
: This property adjoins 11 S.
Wilcox St., bordered by an alley to the east
of 200 South St. Buyer will use property
for auto dealership located at 11 S. Wilcox
as the subject property is directly west of
11 S. Wilcox St.
Continued from Previous Page
John V. Winslow, CRE, is president of Win-
Comps LLC and has more than 40 years’ expe-
rience in commercial real
estate. He can be reached
at 720-612-7878 or win-
The information was
gathered from county
records and deemed to
be reliable. Other sources
of research include bro-
chures and information
verified by owners or list-
ing/selling brokers.
John V. Winslow,
CRE
