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Page 38 — COLORADO REAL ESTATE JOURNAL — March 4-March 17, 2015
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Adams County
Property Location: 1568 Nome St., Auro-
ra, “Bahama Apts.”
Property Description: 100-unit, 4-story
apt., 75,865 sf, brick const., YOC 1973
Land Size: 1.8 acres
Sales Price: $6.5M, or $65,000 per unit, or
$85.68 per sf
Closing Date: 2/16
Grantor: Fitzsimons Place LLC
Grantee: Vukota Fitzsimons Place Apts.
LLC (Tom Vukota, mgr.) 303-261-8584
Financing: $4.9M payable to Greystone
Servicing Corp.
Comments: The all-brick building consists
of 5 studios, 74 1-bed units, 21 2-bed units.
Seller purchased property in May 2012
for $3 million with 40 units vacant. Seller
renovated the property in 2012-2013. Greg
Price of Marcus & Millichap handled the
transaction.
Property Location: 2950Walden St.,Auro-
ra
Property Description: 78,000-sf ware-
house, concrete panel const., YOC 2006;
7,015-sf office area, 10 (9’ x 10’) dock doors,
4 with levelers, 4 (12’x 14’) drive-in doors,
2 (20’12’) drive-in doors.
Land Size: 4.97 acres
Sales Price: $6.36M, or $81.45 per sf
Closing Date: 1/27
Grantor: Denver VP Partners LP, c/o
Victory Packaging Inc. (Timmons Realty,
Houston, TX )
Grantee: Alpine Lumber Co., 303-458-
8733
Comments: Property was sold by Avison
Young with Lowrey Burnett, CCIM, 720-
508-8101, and Todd Mason, SIOR, CRE,
713-993-7179. Property has 87 parking
spaces.
Property Location: 500W. 53rdAve., Den-
ver
Property Description: 112,563-sf ware-
house (includes 15,000-sf office space),
twin tee and brick const., YOC 1971
Land Size: 6.52 acres
Sales Price: $5.18M, or $46.00 per sf
Closing Date: 1/23
Recording No.: 2015000005378
Grantor: 500 W. 53rd Place LLC (Kenneth
W. Lombardi, et al.)
Grantee: CAGSPI 500 LLC c/o Streech
Properties (Greg Streech), 303-669-9532.
140 parking spaces.
Property Location: 5901 Broadway, Den-
ver
Property Description: 58,654-sf ware-
house, twin tee const., YOC 1971
Land Size: 2.52 acres
Sales Price: $4.58M, or $78 per sf
Closing Date: 1/15
Grantor: Dual Enterprises LLC (K. Gary
Cray, mgr.)
Grantee: Roseben HS LLC (Robert War-
ren Lom, pres.)
Financing: $2.5Mdue 1/15/25, payable to
Wells Fargo (55% LTV)
Property Location: 4510 W. Saint Clair Pl.,
Denver
Property Description: 42-unit, 3-story
walkup apt., 27,038 sf, brick const., YOC
1973
Land Size: 2.49 acres
Sales Price: $3.48M, or $82,738 per unit, or
$128.52 per sf
Closing Date: 1/30
Grantor: Gaylord Family Partnership
LLLP (Donald M. Gaylord, ptnr.)
Grantee: Copper Aspens LLC (Anthony
and Barbara McEahern, mgrs.)
Financing: $2.61M @ 3.75% (variable) due
1/15/25, to FirstBank (75% LTV)
Comments: The all-brick building con-
sists of 34 1-bed/1-bath units @ 601-616
sf, 8 2-bed/1-bath units @ 818 sf. There is
excess land (37,000 sf) for additional build-
ing area. Unique Properties LLC apart-
ment brokerage team of Adam Riddle,
Ryan Floyd and Marc S. Lippitt sold this
property. Expenses are $2,984 per unit, or
$4.36 per sf. Cap rate of 7.1% reflected in
broker’s statement.
Property Location: 1441 W. 124th Ave.,
Westminster
Property Description: 20,000-sf flex build-
ing, YOC 1984
Land Size: 1.28 acres
Sales Price: $1.65M, or $82.50 per sf
Closing Date: 1/28
Recording No: 2015000006913
Grantor: 1441 West LLC (Scott Reichen-
berg and Neil A. Littmann, mgrs.)
Grantee : WW Enterprises LLC (Wayne
Wagner, mgr.) 303-280-2800
Financing: $1.32M payable to JPMorgan
Chase Bank, NA (80% LTV)
Comments: Listing brokers were Scott
Reichenberg, CCIM, and Neil Littman of
The Colorado Group, 303-449-2131. Prop-
erty was listed for $6.50 per sf NNN,
or $1.65M, and was vacant at time of
sale. Grantee is president of Krayden, Inc.,
who purchased 1491 W. 124th Ave. for
$1 million in 2009. Seller spent $250,000
in upgrades for this building in 2007.
Includes 2,000-sf office, 31 parking spac-
es, two dock-high doors, one grade-level
door, 18’ to 20’ clear.
Property Location: NEC E. Bridge St. &
N. 50th Ave. (Himalaya St.), Brighton
Property Description: Vacant commercial
pad site
Land Size: 51,799 sf
Sales Price: $1.6M, or $30.89 per sf
Closing Date: 1/20
Recording No.: 2015000004436
Grantor: Dillon Companies Inc. (Russell J.
Dispense, VP)
Grantee : FirstBank, 12345 W. Colfax Ave.,
Lakewood, CO 80215
Comments: Listing brokers were Scott
Steputis, 720-287-6969, and Rhonda Coy
720-287-6866, of Crosbie Real Estate
Group. A new FirstBank is proposed on
this signalized corner site.
Property Location : NEC E. Colfax Ave. &
Oswego St., Aurora
Property Description: Vacant commercial
land
Land Size: 62,557 sf
Sales Price: $1.5M, or $24 per sf
Closing Date: 1/29
Recording No.: 2015000006456
Grantor: Brent Eley Center LLC (Donn
Eley, mgr.)
Grantee : Children’s Hospital Colorado
Comments: Listing brokers were Terry
Matthews, 303-312-4269, and Trevor
Brown, 303-312-4208, of DTZ.
Property Location: 1870 W. 64th, Denver
Property Description: 14,960-sf ware-
house, YOC 2002
Land Size: 1.08 acres
Sales Price: $1.48M, or $98.60 per sf
Recording No.: 2015000005115
Closing Date: 1/21
Financing: $1.11M payable to FirstBank,
due 1/15/25 @ 4.5% (75% LTV)
Grantor: Michael Grant LLC (Michael
Grant, mgr.)
Grantee : Manhattan Fund XXI LLC (Tim-
othy Wayne, CCIM, and Scott Chapiews-
ky)
Comments: Tim Wayne is a licensed real
estate broker, 303-861-2442.
Property Location: 2345 W. 112th Ave.,
Westminster, “Hideaway Steakhouse”
Property Description: 5,940-sf restaurant,
stucco const., YOC 1978
Land Size: 2 acres
Sales Price: $1.3M, or $218.86 per sf
Closing Date: 1/29
Grantor: ALH LLC (Andrew L. Hermes,
mgr.)
Grantee : STW LLC (Stephen Scott Wood-
ward, mgr.) 303-404-9939
Comments: Lot 1, Block 1, Gale Sub-
division. This property sold in October
2014 for $1.3M. Property is located on the
north side of West 112th Avenue, approx.
1/5 mile west of Wyandot Street. Buyer
was the tenant in the building (Hideaway
Steakhouse) and purchased the property
from the landlord, Andrew L. Hermes.
Property Location: 9101 Pearl St., Thorn-
ton, “Pearl Professional Building”
Property Description: 25,800-sf, 3-story
office building, YOC 1982
Land Size: 2.1 acres
Sales Price: $1.05M, or $40.70 per sf
Closing Date: 1/30
Reception No.: 2015000006880
Grantor: Kinnickinnic Realty Co. (E.
Gregg Jackson, CEO)
Grantee: Reefer Ware LLC (Martin Cher-
noff and Andrew Feinstein) 303-832-5482
Comments: Property, listed for lease by
Scott L. Fischer of Unique Properties LLC,
includes 2,009-sf office space for $10.50 per
sf full-service. This is a sublease through
September.
Property Location: NWC E. 88th Ave. &
Imboden Rd., Watkins, “Altezza Motors-
ports Track Proposed”
Property Description: Vacant land
Land Size: 364.19 acres
Sales Price: $900,000, or $2,471 per acre
Closing Date: 2/12
Recording No.: 2015000010631
Grantor: LLSS LLC (Dorothy A. Lynn,
mgr.) 8425 Garland Court, Arvada, CO
80005
Grantee: Altezza LLC (Ted Morris, CEO
of Colorado Motorsport Ventures Inc.)
Comments: Listed by Dale Stull of The
Land Office LLC.
Arapahoe County
Property Location: 5350 S. Roslyn St.,
Greenwood Village
Property Description: 63,754-sf 4-story
office bldg, YOC 1981 (renovated 1994)
Land Size: 4.09 acres
Sales Price: $11.45M, or $179.60 per sf
Closing Date: 2/10
Reception No.: D5013556
Grantor: Westcore Carson 400 Inverness
LLC, et al. (Donald Ankeny)
Grantee: LGP Inverness JV-T LLC c/o
Legacy Partners Commercial (Rick Wada)
Financing: $54.25M payable to GE Capital
Bank, due 2/28/19 (blanket mtg.)
Comments: See related sales.
Property Location: 9359 E. Nichols Ave.,
Centennial
Property Description: 70,398-sf single-sto-
ry industrial flex building, YOC 1997
Land Size: 5.93 acres
Sales Price: $8.53M, or $121.17 per sf
Closing Date: 2/10
Reception No.: D5013554
Grantor: Westcore Carson 400 Inverness
LLC, et al. (Donald Ankeny)
Grantee: LGP Inverness JV-T LLC c/o
Legacy Partners Commercial (Rick Wada)
Financing: $54.25M payable to GE Capital
Bank, due 2/28/19 (blanket mortgage)
Comments: Six spaces for lease totaling
14,235 sf; rents at $24 to $26 per sf full-
service. LEED Gold certified. See related
sales.
Property Location: 7074 S. Revere Pkwy.,
Centennial
Property Description: 18,395-sf, 2-story
office warehouse, concrete tilt-up, YOC
1999
Land Size: 1.2 acres
Sales Price: $1.94M, or $105.52 per sf
Closing Date: 2/11
Reception No.: D5013597
Grantor: Westerman Realty Interest LLC
(David A. Miller, VP)
Grantee: Encore 7074 LLC
Comments: Listed byMatt Trone of Cush-
man&Wakefield. 2 dock-high doors and 1
drive-in door (13,743-sf, high-quality office
finish).
Property Location: 15528 E. Hampden
Cir., Aurora
Property Description: 23,125-sf recreation
center, brick const., YOC 1973
Land Size: 4.21 acres
Sales Price: $1.57M, or $68.02 per sf
Closing Date: 2/9
Reception No.: D5013297
Grantor: Rentals Denver LLC (Ilea A.
Klein, mgr.)
Grantee: Muslims Community Center
(Khaled Hamideh, Chairman) 303-696-
9800
Financing: $1.07M payable to Rentals
Denver LLC (Grantor) (68% LTV)
Comments: The loan shall be paid in 7
annual payments of $153,286. Ilya Klein,
Greg Knott and Brad Gilpin of Unique
Properties listed the property, 303-321-
5888. Includes indoor pool, outdoor pool,
sauna, 4 racquetball courts, 3 tennis courts
and weight training room.
Property Location: 1400 Kingston St.,
Aurora
Property Description: 18-unit, 3-level apt.,
13,275 sf, brick const., YOC 1957
Land Size: 12,589 sf
Sales Price: $1.25M, or $69,444 per unit or
$94.16 per sf
Closing Date: 2/2
Reception No.: D5003328
Grantor : Excellent Day LLC, (Peggy
Shupe, mbr.), Lone Oak LLC (Michael
Jablonski, mbr.), Kingston 18 SET LLC
(Sarah E. Till, mgr.)
Grantee : JH_Properties2 LLC (James H.
Hockensmith, mbr.)
Financing: $937,500 payable to Bank of the
West due 1/16/2025 (75% LTV)
Comments: Property listed by Unique
Properties LLCApartment Team. Renova-
tions include new roof, windows land-
scaping, parking lot, interior flooring, light
fixtures, electrical panels, AC units, and
new boiler and hot water heaters. The
units are all one-bedroom units renting @
$640 per month. Expenses estimated by
listing broker at $2,266 per unit, reflecting
a 7.6% cap rate.
Denver County
Property Location: 425 S. Galena Way,
Denver, “Seven Oaks Condominiums”
Property Description: 142-unit, 2-story
apt. complex, 116,699 sf, brick/frame
const. (8 buildings), YOC 1979
Land Size: 5.49 acres
Sales Price: $15.25M, or $107,394 per unit,
or $130.68 per sf
Closing Date: 2/9
Reception No.: 2015018406
Grantor: Green Leaf Oaks LP (Thomas A.
Hall, mgr.)
Grantee : JSP Lowry LLC & FRG Lowry
LLC c/o FCG Vista LLC (Morton L. Fried-
kin)
Financing: $14.18M payable to M&T Real-
ty Capital Corp (93% LTV)
Comments: This property was sold by
ARA’s Jeff Hawks, Doug Andrews, Shane
Ozment, Terrance Hunt and Anna Ste-
vens, 303-260-4400. Property last sold in
October 2011 for $8.5M. (Denver County
shows size to be 105,483 sf.) There are 6
1-bed/1-bath @ 532 sf that rent for $748/
mo; 64 1-bed/1-bath @ 686 sf that rent
for $811/mo; 24 2-bed/1-bath @ 900 sf
that rent for $824/mo; 48 2-bed/2-bath
@ 1,000 sf that rent for $945/mo. Average
size is 822 sf with average rent of $1 per sf
per month. There are 15 covered parking
spaces and 282 open spaces. Operating
expenses are estimated to be $4,110 per
unit not including capital reserves.
Property Location: 1580 Logan St., Den-
ver
Property Description : 70,791-sf, 7-story
office building, YOC 1982
Land Size: 18,390 sf
Sales Price: $10.35M, or $146.20 per sf
Closing Date: 2/4
Reception No.: 2015014400
Grantor: NewLogan Tower LLC (Christo-
pher R. King, mgr.) c/o DPC Dev Co.
Grantee : CIO Logan Tower LP c/o Sec-
ond City Real Estate (James Farrar, pres.)
Financing: $150M blanket mortgage, pay-
able to KeyBank, NA
Comments: Seller acquired the building in
2012 for $5.85M. There are 2.5 structured
spaces per 1,000 sf. Seller can be reached
at 303-796-8288. The building includes a
4-level parking garage. Quoted lease rates
are $24 per sf full service. Listing brokers
were Newmark Grubb Knight Frank’s
Pete Staab and Tyler Johnson. Building
is located at the SEC of East 16th Avenue
and Logan Street. Buyer is based out of
Vancouver, BC, Canada, 604-806-3350.
Property Location : 6 S. Lincoln St., Den-
ver
Property Description: 36-unit, 5-story
apt., 31,175 sf, brick const., YOC 1964
Land Size: 18,390 sf
Sales Price: $7.4M, or $205,555 per unit, or
$237.37 per sf
Closing Date: 2/6
Reception No.: 2015014470
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