December 17, 2014-January 6, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 19AA
olyn B. Plotkin, mgr.) 303-516-0008
Financing
: $1.63M payable to American-
West Bank, due 12/1/44
Comments
: All 2-bed units, property sold
by Pinnacle Real Estate Advisors LLC.
Property Location
: 5046 W. 58th Ave.,
Arvada
Property Description
: 12,000-sf ware-
house (includes 2,796-sf office built out),
1 dock, 1 ramp; 20’ clear, tilt-up concrete
cons., YOC 2008
Land Size
: 0.88 acres
Sales Price
: $1.22M
Closing Date
: 11/12
Grantor
: D and M Sand Holdings LLC
Grantee
: SBC Archway IX LLC (Mark
Aukamp, mgr.) 303-721-9400
Comments
: Steve Poole, CCIM, of Tran-
swestern negotiated the sale of this prop-
erty for the seller, 303-407-1468 or steve.
.
Property Location
: 5400 Federal Blvd.,
Denver
Property Description
: 6,171-sf auto garage
with 6 12’ high overhead doors, masonry
const., YOC 1986; and 3,240-sf auto garage
with 3 overhead doors, with office space,
metal construction (used for auto sales lot),
YOC 1985
Land Size
: 1.38 acres
Sales Price
: $1.2M, or $127.51 per sf
Closing Date
: 10/22
Grantor
: 54th LLC (Michael Kane, mgr.)
Grantee
: J & J Financial LLC (Lucas Joze-
fkowicz,
Financing
: Buyer executed $1.09M note,
payable to Champion Bank, due 4/22/15
Comments
: Buyer is Denver Autos @ 303-
573-1333 with buyers Andrea and Lucas
Jozefkowicz. 6,171-sf building is leased to
two auto repair services for $4,000 per
month, gross. 105 parking spaces on the
lot and the property is on a signalized hard
corner retail site.
Property Location
: 16255 Washington St.,
Thornton
Property Description
: 3,780-sf car wash, 4
self-service bays and two karcher automatic
bays, masonry const., YOC 2008
Land Size
: 59,590 sf
Sales Price
: $975,000, or $16.36 per sf (land
value)
Closing Date
: 10/29
Grantor
: Thornton 164 LLC, by: Jordon
Perlmutter & Co, Jay Perlmutter, VP
Grantee
: Fall RiverVillage LLC, c/oMetro-
pia Management, Paul R. Pewterbaugh,
mbr., 4321 August Drive, Broomfield, CO
80023, 303-534-4643
Financing
: Buyer executed $1.32M note,
payable to Solera National Bank
Property Location
: 2880 Eliot Cir., West-
minster
Property Description
: 16-unit, 2-story gar-
den apt., 11,232 sf, YOC 1962
Land Size
: 17,424 sf
Sales Price
: $969,000, or $60,562 per unit, or
$86.27 per sf
Closing Date
: 11/26
Grantor
: TLEC LTD (Linda S. Byrd, Steam-
boat Springs)
Grantee
: Sun Light Apartment LLC (Mike
Hung Doan, mgr.) Lafayette, CO
Comments
: There are 14 1-bed units and 2
studio units. Units are separately metered
and the heat is paid by the owner. Josh
Newell of Pinnacle Real Estate Advisors
negotiated the sale of the propertyonbehalf
of the seller.
Property Location
: 6728-6730 Federal Blvd.
& 2890 W. 67thAve., Denver
Property Description
: 14,225-sf office
warehouse, YOC 1958
Land Size
: 57,000 sf
Sales Price
: $825,000, or $58.00 per sf
Closing Date
: 11/4
Grantor
: MJM Harris Inc. (Mack S. Harris,
pres.)
Grantee
: Colorado Hospitality Services Inc
(10 E. 120th Ave., Northglenn, CO 80233,
attn: Bruce Rahmani, mgr.)
Comments
: Buyer will use property to
store his hotel furniture from 10 E. 120th
Ave. Nick Schill and Brandon Gouker of
Pinnacle RE Advisors LLC handled the
transaction.
Property Location
: 3950 Turnpike Dr.
Property Description
: 9-unit, 3-story walk-
up-style apt., 6,580 sf, brick, YOC 1962
Land Size
: 14,723 sf
Sales Price
: $750,000, or $83,333 per unit, or
$113.98 per sf
Closing Date
: 11/26
Grantor
: DFC Management LLC (David F.
Crupper, mgr.) 720-479-8891
Grantee
: Falcon Investment Co. LLP
(Roger N. Pack, SRA) Edwards, CO 81632
Comments
: Josh Newell of Pinnacle Real
Estate Advisors negotiated the sale of the
Turnpike Apartments for $750,000. Buyer
is a Colorado licensed appraiser and SRA
appraiser in the Appraisal Institute. His
phone number is 970-926-1131.
Property Location
: 12285 Pecos St. (pro-
posed), Westminster
Property Description
: Vacant land
Land Size
: 4.96 acres
Sales Price
: $831,989, or $3.85 per sf
Closing Date
: 10/24
Grantor
: NorthRidge Holdings LLC c/o
Imprimis Advisors (Russ Hatle, pres., or
Hans Imhof, mgr.) PO Box 1856, PalmDes-
ert, CA92260
Grantee
: North Denver SNF LLC (3490
Centennial Blvd., Colorado Springs, CO
80907, attn: GerryLafont, 719-685-8888 (The
Center at Centennial)
Comments
: Buyer is in the business of
providing skilled impatient rehabilitation.
Plans were discussed at the Planning Com-
missionmeeting on Sept. 23, 2014, for a pro-
posed 96-bed skilled nursing facilities with
approximately 78,000 sf, to be built at 12285
Pecos St. There will be 130 parking spaces
and the land to building ratio will be 2.77:1.
Property Location
: 5341-55-77 Federal
Blvd., Denver
Property Description
: 956-sf house, YOC
1922; and 672 sf house, YOC 1925 (land
value)
Land Size
: 2.85 acres
Sales Price
: $744,400, or $6.00 per sf
Closing Date
: 11/17
Grantor
: Grebb West 1 LLC
Grantee
: Commissary LLC (Martin Cher-
noff, Neil J. Feinstein andAndrewM. Fein-
stein, mgrs.)
Comments
: Property is situated on the
west side of Federal Blvd., approximately
300’ south of W. 54thAve.
Property Location
: SWC E. 40th Ave. &
Walden St., Aurora
Property Description
: Vacant land
Land Size
: 19.95 acres
Sales Price
: $651,900, or $0.75 per sf
Closing Date
: 10/30
Grantor
: Redus One LLC (Dawn Murphy,
VP)
Grantee
: Gateway Industrial Twenty One
LLC, 270 Saint Paul, Ste. 300, Denver CO
80206, attn: The Pauls Corp., 303-371-9000
(Charles T. Alexander, 303-307-5088)
Comments
: Plan filed with the city of
Aurora onAug. 13, 2014, for a site planwith
waiver for a 327,840-sf industrial ware-
house building with tilt-up concrete, store-
front glazing and metal accents. Applicant
is Jim Philips, Building 21 LLC, and the
zoning is M-2. There are 297 parking places
proposed. Kimley-Horn &Associates, Ran-
dall J. Phelps, PE, is the project manager.
Property Location
: E/S Dallas St., approxi-
mately 300’ north of E. 99th Pl.,
(10040 Dallas St.), Henderson
Property Description
: Vacant industrial
land
Land Size
: 3.77 acres
Sales Price
: $493,000, or $3 per sf
Closing Date
: 11/5
Grantor
: Hunt Brothers Properties
Grantee
: Bestway Concrete Co., (Peter H.
Ziemke, mgr.) 970-351-7550
Comments
:
and is based out of Milliken, CO.
Property Location
: 8476 Pearl St., Thornton
Property Description
: 4,190-sf office/ware-
house, 4 garage doors (10’ x 10’), masonry
const., YOC 1965
Land Size
: 17,424 sf
Sales Price
: $425,000, or $101.43 per sf
Closing Date
: 11/12
Grantor
: Barbara G. Sutton
Grantee
: LSR Properties LLC (Michael
Nail, mbr.)
Comments
: Property was listed by Tim
Shay, 303-283-4594, ofColliers International.
Denver County
Property Location
: 1530 Krameria St., Den-
ver, “Park Hill Flats”
Property Description
: 13-unit, 2-story apt.,
10,198 sf, brick, YOC 1948
Land Size
: 13,021 sf
Sales Price
: $2.2M, or $169,231 per unit, or
$215.73 per sf
Closing Date
: 12/1
Grantor
: Park Hill Flats LLC (Robert J.
Alexander, mgr.) Greenwood Village, CO
Grantee
: Hideya Kamada c/o Saratoga
Property Advisors LLC, 100 Saunders, Ste.
150, Lake Forest, IL 60045
Financing
: $1.32Mpayable to BOFI Federal
Bank, due 1/1/2045, San Diego
Comments
: All units have been renovated
with new interior, new washer and dryer
per unit, newroof in 2012, 5 parking spaces.
Listing broker is Frank J Garr, 303-619-
3521 or 303-930-5159, of RE/Max Masters
and expenses shown to be $4,322 per unit.
Propertywent under contract in September
2014. Buyer is from Tokyo.
Property Location
: 607 22nd St. & 2209
Welton St., Denver, “Melbourne Bldg.”
Property Description
: 10,756-sf, 2-story
commercial building/hostel, 4,669-sf park-
ing lot, YOC 1905
Land Size
: 10,935 sf
Sales Price
: $1.8M, or $167.35 per sf
Closing Date
: 12/1
Grantor
: Welton Corners LLC (Cory L.
Phillips & Sean G. Bennett, mgrs.)
Grantee
: Diane M. Ware and Kenneth C.
Ware, 7225 S. Xanthia St, Centennial CO
Financing
: $1.87M payable to Centennial
Bank
Comments
: Melbourne has first-floor retail
and commercial floor and second floor has
been operated as a youth hostel for over
30 years. See Trustee’s Deed dated Oct. 14,
2014, in the amount of $1.5M.
Property Location
: 990Acoma St., Denver
Property Description
: 5,466-sf school bldg.,
masonry const., YOC 1963
Land Size
: 11,200 sf
Sales Price
: $1.4M, or $125.00 per sf (land
value)
Closing Date
: 12/1
Reception No. 2014145807
Grantor
: The Spitzer Electrical Co. (Thom-
as A. Spitzer, pres.)
Grantee
: 990 Acoma LLC, 3033 E. First
Ave., Ste. 515, Denver, CO 80206
Comments
: Principal Jeffrey Robinson,
303-694-1085 or
.
The property is located on the southeast
corner of East 10thAve. andAcoma St. The
interimuse is the Golden Triangle Learning
Center.
Property Location
: 4484-4490 Tennyson &
4348-4350 W. 45thAve., Denver
Property Description
: 8-unit apt., 5,069 sf,
brick const., YOC 1906
Land Size
: 13,500 sf
Sales Price
: $1.28M, or $159,315 per unit
Closing Date
: 12/1
Grantor
: Spencer Properties Tennyson LLC
(Connie Spencer, mgr.)
Grantee
: 45th and Tennyson LLC, 3870
Tennyson St., Denver, CO 80212
Financing
: $875,000 payable to Commerce
Bank DVAurora Banking Center
Comments
: David J. Pagano, chief operat-
ing manager, is buyer contact.
Property Location
: 1548 W. Byers Pl., Den-
ver
Property Description
: 8,748-sf warehouse,
masonry const., YOC 1982
Land Size
: 17,638 sf
Sales Price
: $625,000
Closing Date
: 11/28
Grantor
: DWW/MCWPartners Ltd. (Don-
aldW. White, gen. ptnr.)
Grantee
: 5 Spoons LLC (Sydney M. Har-
rison and Lois K. Harrison, mgrs.)
Financing
: $450,000 payable to Stated Bank
of Downs Berkley Bank, due 12/2/24
Comments
: Building has four (12’ x 12’)
grade-level doors at rear with 14’ clear
height. There is approximately 1,300 sf of
finished office space and is near I-25 andW.
Alameda interchange.
Douglas County
Property Location
: 10020 Trainstation Cir.,
Lone Tree, “Miramont at Ridgegate”
Property Description
: 243-unit, 4-story apt.
complex, 234,971 sf (net rentable), YOC
2010; plus 5,289-sf retail space; and 6,643-sf
clubhouse/fitness center
Land Size
: 3.24 acres
Sales Price
: $52.5M, or $216,049 per unit, or
$223.43 per sf
Closing Date
: 11/25
Grantor
: RidgegateCommonwealthApart-
ments LLC (MF RGP LLC, TimmWooten)
Grantee
: CWS Ridgegate LLC, et al., 14
Corporate Plaza, Ste. 210, Newport Beach,
CA 92660 (Steve Sherwood, Bill Williams,
Gary Garmell and Michael Engels, princi-
pals) 800-466-0020
Units per acre
: 75
Comments
: There are 22 individual mod-
els with 10 (1-bed/1-bath models totaling
148 units; 11 (2-bed/2-bath)models totaling
87 units; and 8 3-bed/2-bath units, with a
size ranging from 670 to 1,429 sf, a price
per sf range between $1.48 to $1.65, with
an average of 967 sf per unit and $1.58 per
rentable sf unit price. Amenities include
24-hour fitness club, conference room, out-
door fireplace and grills, garage parking,
patios and/or balconies, full-size washers
and dryers, walk-in closets. Transaction
handled by ARA Denver office, Terrance
Hunt, Jeff Hawks, Doug Andrews, Jason
Wine, Shane Ozment and Anna Stevens.
There are 74 parking spaces, 355 covered
spaces and 60 street parking with a 2.01
space per unit. Estimated operating cost is
approximately $5,500 per unit with a 96%
occupancy rate.
Property Location
: 9135 Ridgeline Blvd.,
Highlands Ranch
Property Description
: 55,157-sf, 2-story
office bldg., YOC 2001; 37,013-sf, 2-story
office building, YOC 2001; and 44,325-sf
single-story office bldg., YOC 2001; total
136,495 sf
Land Size
: 11.82 acres
Sales Price
: $18.5M, or $135.54 per sf
Closing Date
: 11/20
Land-to-Building Ratio
: 3.77: 1
Grantor
: Ridgeline TechnologyCenter LLC
c/o Shea Homes, Michael Brown, mgr.
Grantee
: Ridgeline Technology LLC c/o
Stoltz Real Estate Partners, Keith D. Stoltz,
CEO, 610-667-5800 725, Bala Cynwyd, PA
Comments
: Building 1 (9135 S. Ridge-
line) is 100% occupied and broker shows
3-story 55,157-sf building; Building 2 (9137
S. Ridgeline) is 93.4% occupied and bro-
ker shows 2-story, 37,157-sf building with
2,525 sf available at $14.50-$15 per sf NNN;
Building 3 is 44,325 sf with 27,657 sf avail-
able. Property is on northwest corner of
S. Broadway and Highlands Ranch Park-
way and sold with 22.11% vacancy. Geoff
Baukol of CBRE was the broker of record.
Expenses, which are paid by the tenant, are
$7.28 per sf in 2014.
The Winslow Report
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-
m.
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
