CREJ - Journal

54 / 92

Page 14AA — COLORADO REAL ESTATE JOURNAL — May 6-May 19, 2015
WinComps
Adams County
Property Location: 321 W. 84th Ave.,
Thornton “Appliance Factory Ware-
house”
Property Description: 338,651-sf office/
retail/R&D building, including 69,924 sf
of office space; 40,164 sf of retail and
228,864 sf of cross-dock distribution area,
constructed in 1996 with addition in 2001,
32 dock doors with levelers, 655 parking
spaces, 18,000-sf mezzanine area in ware-
house (not included in sf)
Land Size: 32.56 acres
Sales Price: $16.2M, or $47.84 per sf
Closing Date: 4/2
Reception No.: 2015000022900
Grantor: Wattles Real Estate Partners LLC
(Franklin Bruce Giesbrecht, mgr.)
Grantee: 321 W. 84th Ave. LLC (Charles
E. Ewing, mgr.), c/o Appliance Factory
Warehouse Inc., Denver, 303-759-5555
Comments: Property was negotiated by
Mike Camp, 720-528-6313, and Jim Bolt,
720-528-6310, both of CBRE. Property has
potential for 62,000 sf of expansion. Build-
ing is 32-38’ clear inwarehouse with ESFR
sprinkler system. Buyer will use building
for main office of its Appliance Factory
Warehouse. Building was vacant since
2012.
Property Location: 13050 E. Smith Rd.,
Aurora “Opus Business Center”
Property Description: 100,691-sf ware-
house building, YOC 2005, concrete tilt-
up
Land Size: 6.73 acres
Sales Price: $8.83M, or $87.64 per sf
Closing Date: 4/20
Reception No.: 2015000022900
Grantor: PF Maf Falcon & Frishman Fal-
con (David Frishman, mgr.), 303-721-1000
Grantee: LBA-RV-Company XII LP c/o
LBARealty, 949-833-0400
Comments: Property was negotiated
by Dan Grooters, 303-260-4384, and Riki
Hashimoto, 303-260-4383, of Newmark
Grubb Knight Frank. The University of
Colorado Hospital Authority has been
an occupant since Opus Group did a
build-to-suit for the tenant in 2005. Opus
sold the property in June 2005 for $7.36M.
This sale reflected an “in-place” cap rate
of 7.1%.
Property Location: 1960 Dallas St., Auro-
ra
Property Description: 29-unit, 3-sty.
walk-up apt. bldg., w/18,750 sf, YOC 1967
Land Size: 20,909 sf
Sales Price: $1.7M, or $58,621 per door, or
$90.67 per sf
Closing Date: 3/30
Reception No.: 2015000022715
Grantor: Anderprise Holdings LLC
(Mark Edward Anderson, mgr.)
Grantee: American Properties Invest-
ment LLC (Guadalupe Soto, mbr.)
Financing: $1.28M@4.85% due 4/1/25,
payable to FirstBank
Comments: Josh Newell of Pinnacle Real
Estate Advisors LLC handled the transac-
tion.
Property Location: 8020-8080 Steele St.,
Commerce City
Property Description: Vacant industrial
land, zoned I-2
Land Size: 12.51 acres
Sales Price: $1.26M, or $2.32 per sf
Closing Date: 4/8
Reception No.: 2015000025128
Grantor: Riverside Investment Holdings
LLC (Dani Albo, mgr.), Hollywood, FL
Grantee: Central Development LLC (Jer-
emy Records, mgr.), 303-628-0200
Comments: The property consists of 5
parcels of land containing an aggregate
sum of 12.51 acres (as per Adams Coun-
ty). There is a body of water on the east
boundary line of the 5 parcels that is
owned by the city of Thornton.
Property Location: W/S Quivas St.,
approx. 500’ north of W. 102nd Ave.
Property Description: Vacant commercial
land
Land Size: 5.92 acres
Sales Price: $857,500, or $3.32 per sf
Closing Date: 3/27
Reception No.: 2015000022163
Grantor: Mountain Series I Owner LLC
(David Loo, mgr.)
Grantee: Miller Family Real Estate LLC
Comments: Miller purchased 10369 Qui-
vas in April 2014 for $560,000; contained
one acre of land and an office build-
ing with 1,530 sf, with 12,370 sf of land
located at 10345 Quivas St., which sold
for $250,000 in November 2014. The total
assemblage amounts to $1.67M over the
last 13 months and contains 7.2 acres, or
$5.32 per sf.
Property Location: 7262 Meade St, West-
minster
Property Description: 9,134 sf post office,
YOC 1960
Land Size: 17,860 sf
Sales Price: $900,000, or $98.53 per sf
Closing Date: 3/30
Reception No.: 2015000022163
Grantor: CFF LLC (JoBelle Fischer, Kathy
Peterson & Lynne Isles, mgrs.)
Grantee: RMF Holdings LLC (Ryan M.
Floyd & RTH LLC (Andrew Toole, mgr.)
Comments: This is the second post office
Ryan Floyd andAndrew Toole purchased
in the Denver metro area and involved the
same parties of the first. Floyd is a com-
mercial real estate broker with Unique
Properties LLC, 303-321-5888.
Property Location: 5155-5161 W. 80th
Ave., Westminster
Property Description: 8,196-sf office
condo, YOC 1978
Land Size: 32,916 sf
Sales Price: $680,000, or $82.97 per sf
Closing Date: 3/30
Reception No.: 2015000023092
Grantor: Action Holdings LLC (Michael
Rakestraw, mgr., California)
Grantee: JJJJ LLC, 8471 Turnpike Dr., Ste.
222, Westminster, 303-815-1654
Comments: Buyer is Julie Kremer, mgr.
of JJJJ LLC.
Property Location: 5555 Pecos St., Den-
ver
Property Description: 10,855-sf retail cen-
ter, YOC 1985
Land Size: 43,560 sf
Sales Price: $840,000, or $77.42 per sf
Closing Date: 4/8
Reception No.: 2015000025183
Grantor: Gregory and Peggy Karraker
Grantee: BK Enterprises LLC, 8417 Brigh-
ton Rd., Commerce City
Comments: Jeff McClintock of Newmark
Grubb Knight Frank handled the transac-
tion.
Arapahoe County
Property Location: Vicinity SEC of
Smoky Hill Rd. & E-470; lies northwest of
E. Aurora Parkway, Aurora
Property Description: Vacant land
Land Size: 76.75 acres
Sales Price: $5M, or $1.51 per sf
Closing Date: 4/8
Reception No.: D5036330
Grantor: Great Western Bank, Lincoln NE
(Sarah Spiker)
Grantee: Forest Trace Development Inc.
(Richard A. Frank, pres.)
Financing: $4.35M payable to Citywide
Banks (construction loan)
Comments: The subsequent buyer, Rich-
mondAmericanHomes, platted the prop-
erty into two filings, Forest Trace Filing
No. 1 & Forest Trace Filing No. 2. The total
of these two filing equates to 75.84 acres.
Property Location: Vicinity SEC of
Smoky Hill Rd. & E-470, lies northwest of
E. Aurora Parkway, Aurora
Property Description: 135 paper-platted
sites
Land Size: 135 lots
Sales Price: $5.4M, or $40,000 per lot
Closing Date: 4/8
Reception No.: D5036341
Grantor: Forest Trace Development Inc.
(Richard A. Frank, pres.)
Grantee: Richmond American Homes of
Colorado Inc.
Financing: $4.35M payable to Citywide
Banks (construction loan)
Comments: Lots 1-80, Blk. 1; Lots 1-16,
Blk. 2; Lots 1-17, Blk. 3; Lots 1-22, Blk 4; &
*Tracts A, B, C, D & E, Forest Trace Subd.,
2nd filing. *Tracts containing 27.06 acres
shall be used for open space, drainage,
and are privately owned and maintained.
Property Location: Vicinity SEC of
Smoky Hill Rd. & E-470, lies northwest of
E. Aurora Parkway, Aurora
Property Description: 63 paper-platted
sites
Land Size: 63 lots
Sales Price: $2.52M, or $40,000 per lot
Closing Date: 4/13
Reception No.: D5036343
Grantor: Forest Trace Development Inc.
(Richard A. Frank, pres.)
Grantee: Respond Land LLC
Comments: Lots 6-52, Blk. 1 and Lots
1-16, Blk. 2, Forest Trace Subd., 2nd filing.
Property Location: 12150-12250 E. Briar-
wood Ave, Centennial
Property Description: 63,380-sf office
building, YOC 1983, brick construction
Land Size: 4.59 acres
Sales Price: $4.88M, or $76.92 per sf
Closing Date: 4/8
Reception No.: D5036496
Grantor: NV Centennial LLC (Peter H.
Lunt, Vienna VA & BI Centennial LLC
(Robert J. Bradley, mgr.)
Grantee: Melcor Centennial LLC, Brian
Baker, pres., 480-699-4687
Financing: $3.2M payable to Genworth
Life &Annuity Ins., due 4/30/25
Comments: Buyer’s website is
cor.ca and is based out of Edmonton,
Alberta, Canada, 780-423-6931.
Property Location: 2200 S. Valentia St.,
Denver
Property Description: 69,192-sf ware-
house (1,500-sf office area) YOC 1997,
wet and dry sprinkled; 7 dock-high and
2 drive-in doors, 24’ clear, concrete constr.
Land Size: 2.83 acres
Sales Price: $373M, or $53.87 per sf
Closing Date: 4/15
Reception No.: D5037781
Grantor: Grande Investments LLC
(Abbas Rajabi, mbr.) & Westchester LLC
(Reid A. Godbolt, mbr.), c/o Cyrus and
Associates
Grantee: C and A Holdings LLC (inter-
mediator for Pillow King LLC (Craig
William Clark, mbr.) 2200 S. Valentia St.,
Denver 80231
Financing: $1.87M payable to KeyBank,
NA (50% LTV), due 5/1/25
Comments: Property was listed by Jim
Bolt, 720-528-6310, and Tyler Carner, 720-
528-6397, of CBRE Inc. Propertywas listed
at $3.75M or lease at $3.75 per sf triple net.
The buyer is a 1031 exchange mediator for
Pillow King LLC.
Property Location: W/S DTC Blvd.
approx. 300’ s. of E. Prentice Ave., also
fronts E/S S. Valentia Way, Greenwood
Village
Property Description: Vacant land
Land Size: 90,122 sf
Sales Price: $2.85M, or $31.62 per sf
Closing Date: 4/14
Reception No.: D5036700
Grantor: H5 Capital Denver LLC, 9320
Wilshire Blvd., Ste. 300, Beverly Hills,
CA 90212, By: Tigertail Capital LLC, Josh
Simms, mgr.
Grantee: 5350 DTC SP LLC c/o William
Warren Group, Costa Mesa, CA
Financing: $4.35M payable to Citywide
Banks (construction loan)
Comments: Lot 1, Blk 1, StorQuest Den-
ver Technological Subdivision Filing No.
1.
Property Location: 152-154 W. Powers
Cir. Littleton “Prince Philip Apts.”
Property Description: 23-unit, 3-sty apt.
complex w/17,110 sf, YOC 1961, brick
Land Size: 15,986 sf
Sales Price: $1.81M, or $78,696 per unit, or
$132.34 per sf
Closing Date: 4/15
Reception No.: D5037556
Grantor: A. Leroy Measner, 1607 10th
Ave., Greeley 80631
Grantee: T.H. Steele, Eastlake CO
Financing: Cash
Comments: Property contains (5) stu-
dios@ 500 sf, rent for $575/mo.; (6) 1/1@
650 sf, rent for $679/mo.; (12) 2/1@ 825 sf,
rent for $779/mo. Expenses are estimated
by broker at $3,116 per unit (not including
reserves), with “in-place” cap rate of 6.5%.
Property was listed by Unique Properties
Apartment Group, Ryan Floyd and Marc
S. Lippitt, 303-321-5888. See resale.
Property Location: 152-154 W. Powers
Cir., Littleton “Prince Philip Apts.”
Property Description: 23-unit, 3-sty. apt.
complex w/17,110 sf, YOC 1961, brick
Land Size: 15,986 sf
Sales Price: $1.95M, or $84,804 per unit, or
$113.99 per sf
Closing Date: 4/15
Reception No.: D5037610
Grantor: T.H. Steele, Eastlake CO
Grantee: Powers Apts. LLC (Daniel S.
Howell, mgr.)
Financing: $1.69M@ 6.5%, payments of
$10,238.66/mo. payable to seller
Comments: Property contains (5) stu-
dios@ 500 sf, rent for $575/mo.; (6) 1/1@
650 sf, rent for $679/mo.; (12) 2/1@ 825 sf,
rent for $779/mo. Expenses are estimated
by broker at $3,116 per unit (not including
reserves), with “in-place” cap rate of 6.5%.
Property was listed by Unique Properties
Apartment Group, Ryan Floyd and Marc
S. Lippitt, 303-321-5888. See prior sale.
Property Location: 3179 S. Peoria Court,
Aurora “The Green Solution”
Property Description: 4,809-sf retail
building, YOC 1979, brick const.
Land Size: 44,099 sf
Sales Price : $1.6M, or $332.71 per sf
Closing Date: 4/10
Reception No.: D5026799
Grantor: PBZ Properties LLC (Paul Zue-
ger, mgr.)
Grantee: 3179 South Peoria Court LLC
(Kyle & Eric Speidell, mgrs.)
Financing: $1.6M payable to MBM Three
LLC, due 4/10/18
Comments: Third-party lender located
at 1550 Larimer St., Ste. 634, Denver, attn:
Ryan Arnold. This property is used for
medical and recreational marijuana sales.
This property was formerly aMcDonald’s
restaurant.
Boulder County
Location: 1995 E. Coalton Rd., 2300 &
2600 S. Rock Creek Pkwy., located at the
NEC of Rock Creek Pkwy. & Coalton Rd.,
Superior “The Horizons At Rock Creek”
Property Description: Four separate com-
plexes totaling 1,206 apt. units w/1.24M
sf, YOC 1998, brick and frame construc-
tion with 163 buildings plus clubhouse
and office, 134 units renovated prior to
closing.
Land Size: 78.8 acres-plus (including
15.52 acres in Audrey Reservoir)
Sales Price: $255M, or $211,443 per unit,
or $205.81 per sf
Closing Date: 4/20
Reception No.: 03441006
Grantor: Simpson Financing LP & SHLP
Rock Creek II LLC (Scott D. Henley, SVP)
Grantee: CH Realty BII-Bell MF Boul-
der Horizons LLC, c/o Bell Partners 300
N. Greene St., Ste. 1000, Greensboro NC
27401, Joe Cannon, SVP, 336-232-1900
Financing: CBRE Capital Market
Comments: The Horizons at Rock Creek
sold for a record high $255M, the highest
for any multifamily transaction handled
by a brokerage company and second-
highest in recorded history. Rental rates
range from $1.25 psf on large 3-bedroom
units to $1.58 psf on 1-bedroom, 1.5-
bath TH (renovated). Terrance Hunt, Jeff
Hawks, Doug Andrews, Shane Ozment,
Anna Stevens and Amanda Meldrum of
ARA negotiated the transaction. Park-
ing includes 412 2-car attached garages,
308 1-car attached garages, 690 detached
garages, 1,330 open spaces and 40 handi-
capped spaces for a total of 2,780 spaces.
Studio apartments contain 484 sf with
one-car detached garage; one-bedroom/
one-baths contain 742 sf, with one-car
detached garage; the one-bedroom town-
Please see Next Page