February 4-February 17, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 41
1983); 3,122-sf residential condo, YOC
1931; 5,794-sf office building, YOC 1931; a
12,500-sf parking lot at 1401 Wazee St.
Land Size
: 43,603 sf
Sales Price
: $17M, or $257.12 per sf
Closing Date
: 1/15
Reception No. 2015004964
Grantor
: Elcor Partners Ltd. (William S.
Saslow, pres.)
Grantee
: Wazee Street LLC, c/o Stoltz
Real Estate Partners, Cynwyd, PA
Comments
: Total improvements are 66,116
sf. There are 8 assessor parcel numbers,
including 3 parking spaces, a vacant par-
cel of land containing 6,053 sf; and office/
residential building at 1406-1408 Wazee
St. containing 8,916 sf; a 12,500-sf park-
ing lot; and the main building containing
57,200 sf. In 1976 the Elephant Corral was
sold to John and Natasha Querrard of the
Corral Group, who developed the present
renovation, completed early in 1981. Elcor
Partners purchased the building in 1990.
Property Location
: 1660 S. Albion St.,
Denver, “Tower 1660 Office Building”
Property Description
: 111,103-sf, 10-story
office building, YOC 1972
Land Size
: 36,755 sf
Sales Price
: $9.88M, or $88.96 per sf
Closing Date
: 1/15
Reception No. 2015005196
Land-to-Building Ratio
: 0.331:1
Grantor
: Tower 1660 SPE LLC by SCY
Equities LLC, Burton Young, mgr.*
Grantee
: 1660 S. Albion LLC (Jeremy
Records, mgr.) 303-628-0200
Comments
: Newmark Grubb Knight
Frank has 35,281 sf available @ $17.50-
18.50 per sf full-service. Parking is 2:1,000,
contact Keith Krombach or Pete Staab.
*Seller is a real estate agent with Sperry
Commercial, 949-705-5000.
Property Location
: 23 & 33 Pearl St., Den-
ver, “Sierra Park Apts”
Property Description
: 34-unit, 3-story
apt., 19,635 sf, YOC 1967
Land Size
: 16,416 sf
Sales Price
: $5.45M, or $160,294 per unit,
or $277.57 per sf
Closing Date
: 1/7
Reception No. 2015002843
Grantor
: Pearl Street Denver Partners LLC
(David Lippa, mgr.)
Grantee
: 23 & 33 Pearl Street Apartments
LLC, c/o Laramar Communities LLC,
7900 E. Union Ave., Ste. 500, Denver, CO
80237 (Marc Jason, CFO) 303-991-0094
Financing
: $3.54M payable to JPMorgan
Chase Bank, due 2/1/45
Comments
: There are 22 1-bed units @
475 sf, rent $963/mo.; 8 1-bed units @ 550
sf, rent $1,044; and 4 2-bed units @ 725 sf,
rent $1,295/mo. Expenses with reserves
are estimated at $3,029 per unit. There are
23 parking spaces with newer roof and
boiler. Listed and sold by Greg Johnson
and Kyle Malnati of Madison Commer-
cial Properties LTD, 303-771-3850. Broker’s
information reflects 5.8% cap rate. www.
laramargroup.com. Bennet Neuman is
SVP of acquisitions for the buyer.
Property Location
: 1188 Bellaire St., Den-
ver, “Kent Apts.”
Property Description
: 17-unit, 3-story
apt., 7,985 sf, brick const., YOC 1955
Land Size
: 10,191 sf
Sales Price
: $1.9M, or $111,765 per unit, or
$237.95 per sf
Closing Date
: 1/5
Reception No. 2014001123
Grantor
: 1188 Bellaire Partners LLC
(Michael Blackman, mgr.) 789 Sherman St.,
Ste. 320, Denver, CO 80203, 303-832-8155
Grantee
: 1188 Bellaire LLC (Barbara J.
Breslin, mgr.)
Financing
: $500,000 due 1/1/2045, pay-
able to JPMorgan Chase Bank
Comments
: Each studio unit contains
462 sf with rents starting at $795/mo.
The property is managed by Wheelhouse
Apartments, 303-399-3939
Douglas County
Property Location
: 880W. Happy Canyon
Rd., Castle Rock, “Village at Castle Pines”
Property Description
: 108,588-sf retail/
office building (multiple buildings), wood
frame and brick const., YOC 2004
Land Size
: 7.85 acres
Sales Price
: $19.25M, or $177.28 per sf
(using broker’s building size calculation)
Closing Date
: 1/7
Reception No. 2015001471
Grantor
: Villages at Castle Pines Colorado
LLC, (Bradley P. Brooks, mgr.)
Grantee
: Castle Pines Property LLC (Jeff
Aeder, VP) c/o JDI Realty, 312-433-0500
Financing
: $14M, Payable to Redwood
Commercial Mortgage (72.7% LTV)
Comments
: Newmark Grubb Knight
Frank listing brokers Dan Grooters, 303-
260-4384, and Riki Hashimoto, 303-260-
4383. Douglas County shows the fol-
lowing information: 7,212-sf retail store,
YOC 2004; 7,966-sf strip center, YOC 2003;
40,574-sf, 2-story office building, YOC
2004; 5,824-sf office building, YOC 2005;
7,944-sf office building, YOC 2003; 2,302-sf
retail building, YOC 2004; 23,300-sf health
club and 16,922-sf retail store, YOC 2004
(112,104 total square feet in seven build-
ings). Tract B contains 0.2 acres and may
be a retention pond.
Property Location
: 6415-6455 Business
Center Dr., Highlands Ranch, “Verizon”
Property Description
: 108,970-sf office
building, YOC 1995
Land Size
: 12.01 acres (plus 1.46-acre strip
open space and 0.94-acre detention pond)
Sales Price
: $18.43M, or $169.08 per sf
Closing Date
: 1/20
Reception No. 2015003744
Grantor
: Mountain View (Highlands
Ranch) LLC (Jeffrey K. Sanders, mgr.)
Grantee
: LYK Highlands Ranch LLC, 80
N. King St, Honolulu, HI 96817
Financing
: $14M, Payable to Redwood
Commercial Mortgage (72.7% LTV)
Comments
: This is a single-tenant call cen-
ter; Verizon signed a new, seven-year lease
prior to the sale. R.C. Myles, Alec Rhodes
and Jim Brady of DTZ (formerly Cassidy
Turley) handled the deal. The property
sold on a in-place cap rate of 8.2%. 645
parking spaces.
Property Location
: 10450 Park Meadows
Dr., Lone Tree, “Parkridge Medical”
Property Description
: 43,494-sf, 3-story
medical building, YOC 2004
Land Size
: 3 acres
Sales Price
: $12.35M, or $283.99
Closing Date
: 12/31/14
Reception No. 2015000425
Grantor
: Parkridge Medical Plaza LLC
(James A. Miller, mgr.)
Grantee
: HTA-Park Meadows EAT LLC
c/o Healthcare Trust of America, 16435
N. Scottsdale Road, Ste. 320, Scottsdale,
AZ 85254
Comments
: Buyer’s acquisition director is
MarkD. Engstrom, EVP, 480-998-3478, Ext.
120, or
Property Location
: Vic S of W. Coun-
ty Line Rd., North side of Plum Valley
Ln., East of Lucent Blvd., unincorporated
Douglas County
Property Description
: Vacant Land
Land Size
: 10.98 acres
Sales Price
: $2.4M, or $5 per sf
Closing Date
: 12/11/14
Reception No. 2015003298
Grantor
: Elizabeth Marie Jones Charitable
Trust, Ethan A. Miller, trustee
Grantee
: Mlatl Family LP (Lisa Schomp,
ptnr.) Littleton, CO
Comments
: Subject parcel number is
2229-040-04-003. This property adjoins the
grantee’s site located at 1001 Plum Valley
Lane, which contains 14.49 acres, and 1190
Plum Valley Lane, which contains 10.65
acres.
Property Location
: 1050 Topeka Way,
Castle Rock
Property Description
: 15,683-sf, 2-story
office/warehouse, YOC 2002
Land Size
: 43,500 sf
Sales Price
: $1.98M, or $125.93 per sf
Closing Date
: 12/29
Reception No. 2014076701
Grantor
: RHI LLC (Michaela Bacon, mbr.)
Grantee
: TJTM Castle Rock LLC
Comments
: Seven drive-in doors, metal
construction, 26 parking spaces, paved
and fenced storage yard. Matt Call of
NavPoint Real Estate Group represented
the parties in the transaction. The property
is a single-tenant building occupied by
Max Fire Apparatus and sold on an in-
place cap rate of 8.5% with a seven-year
lease.
Property Location
: 10465 Park Meadows
Dr., Lone Tree, “Parkridge Office”
Property Description
: 4,090 sf, YOC 2007
Land Size
: 7,840 sf
Sales Price
: $995,000, or $243.28
Closing Date
: 1/2
Reception No. 2015000196
Grantor
: K3C LLC (Kurt Boatright, mbr.)
Grantee
: CHR Parkridge LLC, c/o Carr
Healthcare Realty (Collin D. Carr, mbr.)
Financing
: $796,000 payable to Wells
Fargo Bank, NA, due 1/2/25
Comments
: Units 205A, 205B. Carole
Schumacher of BRC Real Estate repre-
sented both parties in the transaction.
Jefferson County
Property Location
: 16950 W. Colfax Ave.,
Golden, “The Commons at Interplaza
West”
Property Description
: 13,840-sf strip cen-
ter, YOC 2007 (shadow anchor)
Land Size
: 1.88 acres
Sales Price
: $5.25M, or $379.33 per sf
Closing Date
: 1/9
Reception No. 2015003712
Land-to-Building Ratio
: 5.92:1
Grantor
: Golden Oaks Development Co
LLC (James R. Chiamulon, mgr.)
Grantee
: The Oak Group (MatthewKallis,
mgr.)
Comments
: Going-in cap rate is 6.7%.
Rents quoted at $25 per sf NNN.
Property Location
: 9100 W. 100th Ave.,
Westminster, “Westbrook Shopping Ctr”
Property Description
: 15,179-sf strip cen-
ter, YOC 1982
Land Size
: 1.79 acres
Sales Price
: $3.03M, or $199.29 per sf
Closing Date
: 1/9
Reception No. 2015004842
Land-to-Building Ratio
: 5.13:1
Grantor
: 100 Wadsworth LLC (Calvin J.
Van Essen, pres.)
Grantee
: Six NSA LLC (Naim Ammari,
mgr.)
Comments
: Property was listed by Matt
Call and Heather Taylor of NavPoint Real
Estate Group. See Lot 1A, Westbrook
Shopping Center Subdivision, Filing No.
2.
Property Location
: 211 Violet St., Suites
120-130-140-150, Golden
Property Description
: 8,230-sf office/
industrial condo, brick const., YOC 2007
Land Size
: N/A
Sales Price
: $1.25M, or $490 per sf
Closing Date
: 1/2
Reception No. 2015000181
Land to Building Ratio
: 6.53:1
Grantor
: Performance Management, c/o
Michael J. Durbin
Grantee
: 211 Violet LLC, Deron andMolly
Hultzapple, 944 High St., Denver, CO
80209
Comments
: This building is a multitenant
industrial condominium complex devel-
oped byMIE. Buyer contact is 303-916-7468.
Brochure by Genesee Commercial Group
LLC shows Unit 110 has lease rate of $12.50
per sf with 1,938 sf with expenses at $5.93
per sf; Unit 100 is $13.75 per sf, NNN. Four
drive-in doors with parking 4:1,000 sf.
Property Location
: 10398 Reed St., West-
minster
Property Description
: 5,000-sf strip center,
YOC 2014
Land Size
: 32,670 sf
Sales Price
: $2.45M, or $490 per sf
Closing Date
: 1/16
Reception No. 2015004877
Land-to-Building Ratio
: 6.53:1
Grantor
: Church Ranch LLC (Bradley P.
Brooks, mgr.)
Grantee
: South Broadway Development
Co., LLP (MelindaA. Quiet, mgr.)
Comments
: Propertywas occupiedbyMat-
tress Firm and Jersey Mike’s Sub; listed by
Sam Zaitz, 720-529-2888, and Kyle Under-
wood, 720-529-2886, of the Legend Retail
Group. Property soldon an in-place cap rate
of 6.6% not factoring vacancy or reserves.
Property Location
: 7211 Sheridan Blvd.,
Westminster
Property Description
: 6,540-sf strip center
building, YOC 2008
Land Size
: 29,757 sf
Sales Price
: $2.22M, or $339.45 per sf
Closing Date
: 12/20/14
Reception No. 2015000191
Land to Building Ratio
: 4.55:1
Grantor
: MTD 72nd and Sheridan Lot 7
LLC, c/o Cadence Capital (Greg Ham,
COO)
Grantee
: Kevin S. Falsken Separate Prop-
erty Trust, Seal Beach, CA
Comments
: Property is anchoredby 7-Elev-
enwith lease commenced 6/08, Super Cuts,
Little Caesars Pizza.
Property Location
: 14208 W. 96th Ave.,
Arvada
Property Description
: Vacant land
Land Size
: 13.08 acres
Sales Price
: $1.3M, or $2.28 per sf
Grantor
: Rocky Mountain Home Solutions
(Rory G. Schwein, mgr.)
Grantee
: ThreeDProperties, (TullyDuPree)
Englewood, CO
Closing Date
: 1/16
Reception No. 2015005012
Comments
: Property is described as the
south side of West 96th Avenue, approxi-
mately one-quarter mile east of Indiana
Street, west of Standley Lake. Property is
irregular in shape. Seller is owner and list-
ing agent, 303-257-2735. Property currently
operates as a horse boarding facility. Listing
broker shows NOI of $272,041.81.
Property Location
: 5760Ward Rd., Arvada,
“Ward Road Car Wash”
Property Description
: 4,167-sf car wash
w/5 bays plus 2 automatic, YOC 2003
Land Size
: 43,565 sf
Sales Price
: $685,000, or $164.39 per sf, or
$97,857 per bay (7 bays)
Closing Date
: 1/16
Reception No. 2015004555
Grantor
: 15 Franklin Holdings LLC by Sol-
era National Bank (Robert Fenton, pres.)
Grantee
: Smokin Hogan’s (Clifford Kelley,
mgr.) Golden, CO
Comments
: Sale was REO transaction. Sale
was handled by Living Water Car Wash,
303-999-7089 or 303-972-8685.
Property Location
: 16401 Table Mountain
Pkwy., Golden
Property Description
: Vacant industrial
land
Land Size
: 3.33 acres
Sales Price
: $440,000, or $3.04 per sf
Closing Date
: 1/16
Reception No. 2015004875
Grantor
: CJK Holdings LLC (Dale A. Sand,
mgr.)
Grantee
: Henry P. Acuff and Joann D.
Acuff, trustees for Acuff Trust
Comments
: Lot 3B, Coors Technology Cen-
ter Filing 14, Replat B. Buyer is based out
of Corona Del Mar, CA 92625. Steve Poole,
CCIM, of Transwestern (steve.poole@tran-
swestern.net or 303-407-1468)handled the
transaction. Planned for a brewery. The site
will need extensive work including retain-
ing walls. The net usable area for the land is
significantly less than the 3.33 acres stated.
Continued from Previous Page
John V. Winslow, CRE, is president of Win-
Comps LLC and has more than 40 years’
experience in commercial
real estate. He can be
reached at 720-612-7878
o
com. 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
