Page 40 —
COLORADO REAL ESTATE JOURNAL
— February 4-February 17, 2015
WinComps
Adams County
Property Location
: 3801 W. 68th Ave.,
Westminster, “LakeviewApts”
Property Description
: 504-unit, 12-build-
ing apt., 303,168 sf, plus 4,209-sf club-
house, brick and frame const., YOC 1973
Land Size
: 15.12 acres
Sales Price
: $32M, or $63,492 per unit, or
$105.55 per sf
Closing Date
: 1/15
Grantor
: 68th Avenue Partners LP, 7841
Wayzata Blvd., Minneapolis, MN 55426-
1452, c/o Belgarde Property Services, 952-
546-2000 (Harry J. Yaffe, mgr.)
Grantee
: Westminster JSK LLC (Matthew
Joblon, CEO of BMC Inv.) 303-996-2233
Financing
: $26.38M payable to HFF (Hol-
liday Fenoglio Fowler LP)
Comments
: The average rental rate was
$1.16 per sf, or $629 per unit per month.
Frank Farrell, 720-287-3369, of Frank Far-
rell &Associates represented the seller.
Property Location
: 1771 W. 72nd Ave.,
1770 W. 73rd Ave., 7251 Samuel, Denver
Property Description
: 3 34-unit, 3-story
apt., 18,546 sf, brick const., YOC 1968
Land Size
: 87,238 sf
Sales Price
: $5.5M, or $53,922 per unit, or
$98.85 per sf
Closing Date
: 12/23
Grantor
: AMJ Apartment Corp (Mary H.
Truong, mgr.)
Grantee
: 68 Sherman Street Condos LLC,
6464 S. Quebec St., Ste. 400, Centennial CO
80111 (Ed Venerable, mgr.) 303-284-6209
Comments
: Andy Hellman, Terrance
Hunt and Shane Ozment of ARA Real
Estate Investments Services handled this
transaction. Broker shows 50,700 rentable
sf. There are 150 parking spaces and the
three buildings are walk-up style. There
are 66 1-bed units with 450 sf, 30 1-bed
units @ 550 sf, and six 2-bed units @ 750
sf. The total operating expenses equate
to $3,767 per unit or $6.90 per sf (without
reserves calculated). Total of 102 units and
55,638 sf.
Property Location
: 12001-12057 Pecos St.,
Westminster, “Park Plaza Center”
Property Description
: 36,158-sf shopping
center, masonry const., YOC 1984; and
5,328-sf office building, YOC 1984
Land Size
: 4.58 acres
Sales Price
: $4.49M, or $108.20 per sf
Closing Date
: 12/22
Reception No. 2014000089742
Land-to-Building Ratio
: 4.81: 1
Grantor
: CSMC 2007-C3 Westminster
Retail LLC, attn: James Harbur, Irving, TX
Grantee
: Park Plaza SPE LLC, Irvine, CA,
attn: Burton Young, burton.young@sper-
rycre.com, 949-705-5000
Comments
: Listing brochure from Tran-
swestern has 821-2,502 sf of inline retail
space available. Contact SteveMarkle, 303-
407-1454, or Karen Clark, 303-407-1463.
Tenants include 7-Eleven, Pizza Hut, Park
Centre Lounge, LA Liquors, Atlantis Pool
& Spa, Kabob Station and Salon Odyssey.
Countryside Health and Wellness leased
the 5,328-sf stand-alone office building in
October 2014.
Property Location
: 18401 E. 40th Ave.,
Aurora
Property Description
: Vacant land
Land Size
: 19.7 acres
Sales Price
: $3.83M, or $4.46 per sf
Closing Date
: 1/6
Grantor
: Gateway East Industrial LLC,
Mike Serra, mgr.
Grantee
: Communications Test Design,
Inc.
Comments
: According to city of Aurora,
water fees total $37,071. Proposed 301,642-
sf office/warehouse including 18,310 sf
office area, with a total of 481 parking
spaces. The Landmark Group LLC (Dick
Quinn, pres.) is developing the project,
303-917-8489. NWC Tower Road and E.
40th Avenue.
Property Location
: 3901 E. 112th Ave.,
“Boulevard Plaza East”
Property Description
: 16,680-sf strip cen-
ter, YOC 1978; 3,000-sf retail store, YOC
2000
Land Size
: 2.32 acres
Sales Price
: $3M, or $152.44 per sf
Closing Date
: 12/19
Grantor
: WGP Assoc LLC (Douglas N.
Salter, mgr.) 970-262-1970
Grantee
: Woodglen RHSW LLC 7581 E.
Academy Blvd., Ste. 207, Denver CO80230
Comments
: NWC East 112th Avenue and
Colorado Boulevard.
Property Location
: 7570 Brighton Rd. &
5550 E. 76th Ave., Denver
Property Description
: 6,600-sf showroom,
YOC 1988; 11,000-sf warehouse, metal
const., YOC 1985
Land Size
: 5.51 acres
Sales Price
: $3M, or $170.45 per sf
Closing Date
: 12/19
Grantor
: GEP Investments Inc. (George
Eidsness, pres.)
Grantee
: Hutchison, Inc. (Blake Hutchi-
son, VP – operations) 303-287-2826
Comments
: Located at SEC of East 76th
Avenue and Brighton Boulevard. This
company is a manufacturer and distribu-
tor of livestock and equine equipment,
Formerly occu-
pied by Freightliner. Grantee is expanding
into these two sites and will use for its
business. Grantor is truck dealership.
Property Location
: 14416 Delaware St.,
Westminster
Property Description
: 7,047-sf restaurant
building, YOC 2007
Land Size
: 19,341 sf
Sales Price
: $2.15M, or $305.09 per sf
Closing Date
: 12/12
Grantor
: SWM Mimi’s Café LLC (Bill
Schaffler, VP)
Grantee
: TCG Westminster Investors
LLC, c/o Cogent Group (Scott Kipp, 972-
246-6235 or
, 15150
Preston Road, Ste. 210, Dallas, TX 75248
Property Location
: NEC E. 120th Ave &
Peoria St.
Property Description
: Vacant land
Land Size
: 38.1 acres
Sales Price
: $1.81M, or $1.09 per sf
Closing Date
: 12/4
Grantor
: Stone Trading Post LLC (Craig J.
Stone, mgr.)
Grantee
: The Orchard Church, 10422
Heinz Way, Unit A, Henderson, CO 80640
Comments
: Site may be used for future
Orchard Church facility, which has used
the Brighton School District No. 27J build-
ing located at 12909 E. 120th Ave., directly
east of the new property acquired by the
church. 303-373-2828.
Arapahoe County
Property Location
: 5970, 5990 and 6251
Greenwood Plaza Blvd., 7951, 8000 and
8051 E Maplewood Ave., Greenwood
Village, “Greenwood Corporate Plaza I
through 6”
Property Description
: 1) 103,318-
sf, 3-story office building, brick
const. on 8.6 acres, YOC 1979
2) 102,250-sf, 3-story office building, rein-
forced concrete on 8.21 acres, YOC 1980
3) 103,590-sf, 3-story office building,
brick const. on 4.5 acres, YOC 1981
4) 102,568-sf, 3-story office building,
brick const. on 4.98 acres, YOC 1980
5) 103,330-sf, 3-story office building,
brick const. on 5.03 acres, YOC 1980
6) 101,842-sf, 3-story office building, brick
const. on 5.0 acres, YOC 2981
Land Size
: 36.31 acres
Sales Price
: $91.5M, or $148.32 per sf
Closing Date
: 1/20
Reception No. D5006087
Land-to-Value Ratio
: 2.57:1
Grantor
: BRCP Greenwood Corporate
Plaza LLC (David H. Naus, mgr.)
Grantee
: FRDGS GCP LLC c/o Goldman
Sachs (Gaurav Seth, mgr.)
Financing
: $67M, payable to Canadian
Imperial Bank of Commerce (73.2% LTV)
Comments
: Transaction was handled by
Mike Winn, Chad Flynn and Tim Richey
of CBRE, Inc. Merrick occupies 103,000
sf at 5970 Greenwood Plaza; Rio Tinto
Minerals occupies 8051 E. Maplewood.
Seller purchased these six buildings for
$37 million in December 2004. Bill Walters
and Jay Roulier developed these buildings
in 1979-1981. Total of 616,098 sf for the six
buildings known as Greenwood Corpo-
rate Plaza.
Property Location
: 777 DillonWay & 1030
Cimarron Cir., Aurora, “Aurora Mead-
ows”
Property Description
: 461 units, 22 build-
ings, 278,070 sf plus 2,491-sf clubhouse,
brick and frame const., YOC 1972
Land Size
: 27.32 acres
Sales Price
: $40M, or $86,956 per unit, or
$120.91 per sf
Closing Date
: 1/15
Grantor
: AuroraMeadowLLC, 7841Way-
zata Blvd., Minneapolis, MN 55426-1452,
c/o Belgarde Property Services, 952-546-
2000, attn: Harry J. Yaffe, mgr.
Grantee
: Aurora JSK LLC (Matthew Job-
lon, CEO of BMC Inv.) 303-996-2233
Financing
: $29.86M payable to Centerline
Finance Corp., c/o C-III Asset Manage-
ment LLC, 5221 N. O’Connor Blvd., Ste.
600, Irving, TX 75039
Comments
: Grantor and grantee were
involved in $72M in real estate transac-
tions, or an average of $74,611 per door.
While this property sold in Arapahoe
County, WinComps LLC wanted to show
the two transactions together. The aver-
age rental rate was $806 per month. Frank
Farrell, 720-287-3369, of Frank Farrell &
Associates represented the seller.
Property Location
: 6760 S. Glencoe St.,
Centennial
Property Description
: 143 units, 5 build-
ings, 130,120 sf, brick and frame const.,
YOC 1980
Land Size
: 8.62 acres
Sales Price
: $20.75M, or $145,105 per unit,
or $159.47 per sf
Closing Date
: 1/8
Grantor
: Sterling Point Denver, c/o DCP
Management XIII LLC (Matt DiNapoli,
mgr.)
Grantee
: KW Fund V-Centennial (Phil-
lip Wintner, VP) c/o Kennedy Wilson
Multifamily, 9701 Wilshire Blvd., Ste. 700,
Beverly Hills, CA 90212
Financing
: Assume a $13.52M note dated
7/25/12 payable to US Bank
Comments
: Property sold for $16.9M in
July 2012. 240 open parking spaces, 72
covered.
Property Location
: 8085 S. Chester St.,
Centennial, “Highland Place I”
Property Description
: 139,142-sf, 3-story
office building, YOC 1982, renovated in
2006
Land Size
: 6.2 acres
Sales Price
: $18.4M, or $136.52 per sf
Closing Date
: 12/23
Grantor
: FSP Highland Place I Corp (Bar-
bara J. Fournier, COO) Wakefield, MA
Grantee
: DIG HP1 LLC, c/o Dornin
Investment Group LLC (Chris Dornin,
mgr.)
Financing
: $15.1M payable to Colfin HP
Funding, due in 5 years (82% LTV)
Comments
: Seller is Franklin Street Prop-
erties, which is aNYSEMKT: FSP. 3.5:1,000
sf parking.
Property Location
: 6025 S. Quebec St.,
Centennial
Property Description
: 93,393-sf, 3-story
office building, YOC 1984
Land Size
: 8.62 acres
Sales Price
: $12.75M, or $136.52 per sf
Closing Date
: 1/8
Grantor
: Crown-Denver VI LLC, c/o
Petrus Partners (Wesley C. Huang, mgr.)
Grantee
: Plaza Quebec LLC, c/o Pali-
sades Capital Realty Advisors LLC
Financing
: $9M payable to Starwood
Mortgage Capital LLC
Comments
: Property was recently reno-
vated and is offered starting at $16.50 per
sf, with base year expenses at $8.46 per sf.
214 parking spaces.
Property Location
: 5599 S. Windermere
St., Littleton
Property Description
: 35-unit, 3-story
apt., 19,938 sf, brick const., YOC 1971
Land Size
: 25,570 sf
Sales Price
: $2.56M, or $73,000 per unit, or
$128.15 per sf
Closing Date
: 1/8
Grantor
: Grant Hall Properties LLC (Rob-
ert J. Walcott Jr., pres.)
Grantee
: Marching LLC (David J. Beattie,
et al., mgrs.)
Financing
: $1.86Mpayable toAlpine Bank
of Rifle, CO, due in 10 years
Comments
: One bedroom containing 700
sf rents for $775 per month.
Property Location
: 1500 W. Thomas Ave.,
Englewood
Property Description
: 18,480-sf, 2-story
office building, brick const., YOC 1998
Land Size
: 41,905 sf
Sales Price
: $2M, or $107.82 per sf
Closing Date
: 1/12
Grantor
: 1500 West Thomas Ave LLC
(Pamela Harrison, mgr.)
Grantee
: Rose Garden Thomas LLC, 1520
W. Canal Court, Ste. 200, Littleton, CO
80121, c/o Stan Sprinkle, mgr., 303-297-
2185
Comments
: See related transactions
between the same principals for the grant-
or and grantee at 1515-1555 W. Thom-
as Ave. Total combined building area is
33,600 sf with a combined price of $3.48M,
or $103.42 per sf average.
Property Location
: 1515-1555 W. Thomas
Ave., Englewood
Property Description
: 15,120-sf ware-
house building, brick/block const., YOC
1971
Land Size
: 30,500 sf
Sales Price
: $1.48M, or $98.05 per sf
Closing Date
: 1/12
Grantor
: 1515-1555West ThomasAve LLC
(Pamela Harrison, mgr.)
Grantee
: Garden Thomas LLC, 1520 W.
Canal Court, Ste. 220, Littleton, CO 80121,
c/o Stan Sprinkle, mgr., 303-297-2185
Comments
: See related transactions
between the same principals for the grant-
or and grantee at 1500 W. Thomas Ave.
Total combined building area is 33,600
sf with a combined price of $3.48M, or
$103.42 per sf average.
Property Location
: 1350-1360 Moline St.,
Aurora
Property Description
: 44-unit, 2-story
plus garden level apt., 30,300 sf, brick
const., YOC 1961
Land Size
: 1.12 acres
Sales Price
: $2.5M, or $56,818 per unit, or
$82.51 per sf
Closing Date
: 1/7
Grantor
: 1350 Moline LLC (James King,
mgr.)
Grantee
: Malibu Manor LLC (Hector S.
Garcia, mgr.)
Financing
: $1.88M payable to American-
West Bank, due in 30 years
Comments
: Listing broker was Clayton
Primm of Marcus and Millichap. Property
sold in June 2013 for $1.74M. Center hall
style (two buildings with 15,150 sf each,
or 30,300 sf).
Property Location
: 5698 S. Himalaya St.,
Centennial, “Himalaya Plaza”
Property Description
: 8,050-sf strip center,
masonry const., YOC 2002
Land Size
: 1.21 acres
Sales Price
: $1.88M, or $233.54 per sf
Closing Date
: 1/6
Grantor
: Himalaya Plaza LLC (Jerome K.
Jang, mgr.)
Grantee
: Pert Enterprises LLC (Terri S.
Lee, mgr.)
Financing
: $1.41M payable to Wells Fargo
Bank, NA, due in 3 years
Comments
: Listing broker is Jerome Jang,
303-523-4810. According to the owner’s
information, the in-place cap rate was
8.39%. Operating expenses are $6.68 per
sf, according to 2014 expenses. Seller pur-
chased the property in December 2013 for
$918,800.
Denver County
Property Location
: 1444 Wazee St., Den-
ver
Property Description
: 57,200-sf, 3-story
office building, YOC 1880 (renovated in
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