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ADO REAL ESTATE JOURNAL — Page 15AA
Otis, mgr.), Greeley
Comments: NEC of East Mississippi Ave-
nue and South Colorado Boulevard. The
location is occupied by John Elway Chev-
rolet and Mike Shaw Saab Dealership.
Buyer is listed as an attorney based out of
Greeley, 970-330-6700. Property is locat-
ed on adjacent NEC of South Colorado
Boulevard and East Mississippi Avenue,
and also contains a parcel (1030 S. Colo-
rado Blvd.) in Arapahoe County. There
is a 33,078-sf dealership building built
in 1966 and updated; a 27,381-sf dealer-
ship building constructed in 1977; and a
1,302-sf building and a 5,109-sf building
constructed in 1977 that lie in Arapahoe
County, on 11,552 sf. Interim use is auto
dealership with highest and best use most
likely a major retail redevelopment in the
next year(s).
Property Location: 5580-5588 Havana St.,
Denver
Property Description: 64,866-sf ware-
house, metal const., YOC 1983
Land Size: 3.36 acres
Sales Price: $3.8M, or $58.58 per sf
Closing Date: 12/22
Reception No. 2014156885
Grantor: First California Investments, GP
(Robert D. Wolfe, gen. ptnr.) and Ganz
Investment Co. (Steven Ganz, ptnr.)
Grantee: 80 South Santa Fe Dev. (David S.
Mosteller) 303-342-9000, Ext. 1101
Financing: $4.41M, payable to Vectra
Bank, NA,
Comments: Seller email is skyportdevco@
cs.com, or 303-806-9222. Space was being
marketed by Newmark Grubb Knight
Frank @ $4.95 per sf, NNN. Listing broker
shows building size at 5580 Havana St. to
be 37,458 sf, with 5588 Havana St @ 28,655
sf, or a total of 66,113 sf. Chris Nordling,
Russell T. Gruber and Steve Fletcher are
the listing brokers.
Property Location: 735 W. Bayaud Ave.,
Denver
Property Description: 42,621-sf ware-
house, masonry const., YOC 1960
Land Size: 84,465 sf
Sales Price: $3.3M, or $77.43 per sf
Closing Date: 12/23
Reception No. 2014156960
Grantor: 80 South Santa Fe Dev. (David S.
Mosteller) 303-342-9000, Ext. 1101
Grantee: G & J Bach Properties LLC
(Gregory S. Bach, mgr.) 303-778-0925
Financing: $3.3M, due 6/23/15, payable
to Vectra Bank, NA, construction loan
in amount of $4.41M, payable to Vectra
Bank Colorado, NA, encumbers 5580-5588
Havana St., Denver
Comments: Located on NEC of South
Santa Fe Drive and West Bayaud Avenue,
this property is zoned I-B. Seller email
is or 303-806-9222.
Buyer is president of Oios Metals, which
has been a tenant in the building. See 1031
exchange from this property (seller) to
5580 Havana St.
Property Location: 1228 E. Colfax Ave &
1232-1244 E. Colfax Ave., Denver
Property Description: 9 1-bed condo units
ranging from580 sf to 755 sf and1 2-bed/2-
bath unit @ 1,261 sf, totaling 6,387 sf;
2,097-sf commercial condo (unit 10) with 5
parking spaces; 1,901 sf retail condo, YOC
1940; 917-sf retail condo, YOC 1940; 962-sf
retail condo, YOC 1940; 768-sf retail condo,
YOC 1940; 6,093-sf strip center, YOC 1929
(located at 1244 E. Colfax Ave.)
Land Size: 15,625 sf
Sales Price: $3.32M, or $172.55 per sf
Closing Date: 12/19
Reception No. 2014155955
Grantor: Rosenstock Place LLC (Blair E.
Richardson, mbr.)
Grantee: 771 Bellaire LLC (Ryan Floyd)
21.19%; HT II LLC (Kevin Higgins)
41.13%; 3620 Ingalls St LLC (Jason Koch)
c/o Unique Properties LLC, 303-321-5888
Financing: $2.38M, due 1/1/2021 payable
to Guaranty Bank (71.6% LTV)
Comments: Buyers were represented by
their own company, Unique Properties
LLC. Property is a mixture of 9 residential
condos and 4 retail condos, 1 strip center
and 5 parking places.
Property Location: 1470 Ivy St., Denver,
“Ivy Flats”
Property Description: 17-unit, 3-story
brick apt., 11,523 sf, YOC 1949
Land Size: 10,938 sf
Sales Price: $2.25M, or $132,353 per unit,
or $195.26 per sf
Closing Date: 12/19
Reception No. 2014155301
Grantor: Rudy Lou LLC (Donald E. Wer-
ner, mgr.) 720-529-9855
Grantee : Ivy Flats LLC, 2735 Fifth St.,
Boulder, CO 80304, attn: Dee Neitzel, mgr.
Financing: $1.69M, due 1/1/2045, payable
to JPMorgan Chase Bank, LTV 75%
Comments: Five 1-bed units @ 600 sf, rent
$940/mo.; 11 2-bed/1-bath @ 700 sf, rent
for $1,136/mo.; one 2-bed/2-bath, rent
for $1,250 sf, with average rent per sf @
$1.60. Expenses are estimated by broker at
$3,176 per door, or $4 per sf with going-in
stabilized cap rate of 6.9%. Building was
completely renovated in 2014. Apartments
were listed and sold by John Laratta of
Berkadia Real Estate Advisors, 303-607-
0025, or
Property Location: 4152-4156-4158 Ten-
nyson St., Denver
Property Description: 810-sf house, YOC
1926; 1,044-sf house, YOC 1904; Land Size:
9,508 sf land
Sales Price: $1.05M, or $110.01 per sf
Closing Date: 12/19
Reception No. 2014156860
Grantor: MarkMeiser, 7963 E. MapleAve.,
Denver, CO 80230
Grantee : Stephen J. Titus, Greg Smith and
Holly Jane Hill
Financing: $784,500, due 12/22/2015,
payable to FirstBank (LTV 75%)
Comments: Listed by Cherry Creek Prop-
erties and zoned U-MX-3. Properties gen-
erate $2,800 per month rental. Land value,
as residential properties may be interim
use.
Property Location: W/S Niagara St., 50
feet South of E. First Ave., Denver
Property Description: 10 vacant lots
Land Size: 41,836 sf
Sales Price: $1.04M, or $103,500 per lot, or
$24.74 per sf
Closing Date: 12/12
Reception No. 2014155255
Grantor: Lowry Economic Redevelop-
ment Authority, 7290 E. First Ave., Denver,
CO 80230, attn: Montgomery C. Force
Grantee: B-One Lowry LLC, 10630 E.
Bethany Drive, Ste. B, Aurora, CO 80014
Comments: Lots 5-14, Block 2, Boulevard
One Filing No. 1, see 2014105351. Property
will be used for 10 for-sale single-family
detached units having a minimum base
price of $450,000.
Property Location: NEC of Wabash St. &
E. 54th Pl. (Lots 5-12, Block 8); NEC Prairie
MeadowDr. &VerbenaWay (Lot 15, Block
21)
Property Description: 9 vacant lots
Land Size: 68,714 sf
Sales Price: $1.09M, or $120,844 per lot, or
$15.83 per sf
Closing Date: 12/4
Grantor: FC Stapleton II LLC (John S.
Lehigh, press)
Grantee : Parkwood Homes – Stapleton III
(Stephen C. Wilcox, pres.)
Financing: $870,048, payable to seller, due
12/3/15
Comments: Lots 5-12, Block 8, Lot 15,
Block 21, Stapleton Filing No. 45, filed on
May 9, 2014, by reception no. 2014052885.
The average lot size is 7,639 sf.
Property Location: 610 S. Lipan St., Den-
ver
Property Description: 9,132-sf office, brick
const., YOC 1959
Land Size: 16,500 sf
Sales Price: $635,000, or $124.93 per sf
Closing Date: 12/12
Reception No. 2014146693
Grantor: Atlas Investment Company LLC
(John Butler, mgr.)
Grantee : ECO Real Estate LLC (Dylan
Lucas and Ryan Nichols, mgrs.)
Financing: $476,250 payable to Steele
Street Bank & Trust (75% LTV)
Comments: Buyer is owner occupant and
the company name is ECO Roof and Solar,
Inc., 303-484-9854. There are 16 parking
spaces and the building was renovated in
2004. There is one drive-in door; includes
8,500-sf office area and 632-sf storage
warehouse area.
Property Location: W/S Oneida St., 50
feet South of E. First Avenue, Denver
Property Description: 5 vacant residential
lots
Land Size: 29,449 sf
Sales Price: $552,000, or $110,400 per lot,
or $18.74 per sf
Closing Date: 12/23
Grantor: Lowry Economic Redevelop-
ment Authority (Montgomery C. Force)
Grantee: Wonderland at Lowry LLC, 8246
Northfield Blvd., Ste. 2600, Denver, CO
Comments: Lots 7-12, Block 5, Boule-
vard One Filing No. 1 at reception no
2014105351. Lots are finished and shovel-
ready. Water and sewer taps to be paid by
grantee.
Douglas County
Property Location: 10016 Commons &
10005 Commons, Lone Tree, “Lincoln
Commons Shopping Center”
PropertyDescription: 1) 48,620-sf (5-build-
ing) shopping center, masonry const., with
0.698-acre pad site, YOC 2010; 1.1-acre pad
site; 1.726-sf pad site; 2) 17,587-sf shopping
center, YOC 2005, and 8,184-sf parking
structure, YOC 2005
Land Size: 1) 9.05 acre site plus 3.53 acres
in 3 pad sites; 2) 0.66 acres
Sales Price: $32M, or $493.62 per sf
Closing Date: 12/18
Reception No. 2014156860
Grantor: 1) Lincoln Commons North, Inc.
2) Lincoln Commons West, Inc. (Robert
Asselbergs, pres.) c/o Coventry Develop-
ment Corp., 10270 Commonwealth St.,
Lone Tree, CO, 720-279-2581
Grantee: TKG Lincoln Commons, c/o
Kroenke Group, 211 North Stadium Blvd.,
Columbia, MO 65203, attn: (Otto Maly),
573-443-3200 or .
com
Financing: $25M, due 12/31/2016, pay-
able to Bank of Oklahoma (78.1% LTV)
Comments: 24,179-sf retail store (Sprouts);
4,824-sf retail store (Chateau Liquors);
7,161-sf retail store (Runners Roost and
Qdoba); 5,501-sf retail store (Garbanzo and
Super Clips); 6,955-sf retail building (Fire-
house and Five Guys). 10016 Commons
St. sold for $24 million, or $493.62 per
sf; and 10005 Commons sold for $9 mil-
lion, including a 17,587-sf shopping center
and 8,184-sf parking structure, reflecting
$349.23 per sf, including the parking struc-
ture. The two transactions totaled $32 mil-
lion and contained 74,391 sf, or $430.16 per
sf. Blake Skinner of Legend Retail Group
has the three pad sites available, 720-529-
2989.
Property Location: 864 Barranca Dr., Cas-
tle Rock, “Metzler Memory Care”
Property Description: 30,391-sf assisted-
living facility, brick/frame const., YOC
2010
Land Size: 1.36 acres
Sales Price: $9.8M, or $322.46 per sf
Land-to-Building Ratio: 1.95:1
Closing Date: 12/4
Reception No. 2014070876
Grantor: CastleviewMemory Center LLC
by: MSG Memory Care LLC (Dennis G.
Southwick, mgr.) 9255 E. VassarAve., Den-
ver
Grantee : JVCO Real Estate Investments
Inc., 2829 Townsgate Road, Ste. 350, West-
lake Village, CA 91361, attn: Wendy Simp-
son, CEO, 805-981-8655
Comments: There are four separate facili-
ties depending on the level of care needed
for the client. There are a total of 48 units.
This was operated by Senior Lifestyle
Corp. since 1985. The buyer is a division
of LTC REIT. It recently purchased 615
units in 16 transactions for a total of $26.5
million, not including this property. The
subject property is leased to affiliates of
Anthem Memory Care under an existing
10-year master lease. Anthem is based out
of Lake Oswego, Oregon, 503-924-8777
(Mark Rockwell).
Property Location: 391-393 Inverness
Parkway, Englewood
Property Description: 1) 46,659-sf, 3-story
office, YOC 1999; 2) 29,651-sf 2-story office,
YOC 1982
Land Size: 5.64 acres
Sales Price: $8.5M, or $111.39 per sf
Land-to-Building Ratio: 3.22:1
Closing Date: 12/15
Reception No. 2014073617
Grantor: Lepaw LTDF (S. Lee Woodward,
mgr.) 303-789-2111 or
Grantee : Latisys-Denver LLC, 393
Inverness Pkwy., Englewood, CO, 303-
268-1470
Comments: The buyer is a Denver Data
Center Colocation, which has been a
tenant in the building. The building has
approximately 70% raised-floor space and
the office space was leased to Latisys
before it acquired the building. The two
buildings are connected.
Property Location: NE/S Hilltop Rd.,
approximately ½-mile SE of N. Crest View
Dr.
Property Description: 117 residential lots
(average 1.6 acres each)
Land Size: 186.62 acres
Sales Price: $6.5M, or $55,556 per lot, or
$34,830 per acre
Closing Date: 12/15
Reception No. 2014076403
Grantor: LSC Tallman Colorado LLC (Jon
H. Walker, VP of NBH Bank, NA)
Grantee : Craft – AREP III TallmanAssoci-
ates, 1645 Grant St., Ste. 200, Denver
Comments: Lots 1-22; Lots 24-27; Lots
29-30; Lots 32-36; Lots 38-121, Tallman
Gulch, Filing No. 1.
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
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