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May 6-May 19, 2015 — COLORADO REAL ESTATE JOURNAL — Page 15AA
home plus 1.5 baths has 895 sf, with
attached one-car garage; there is a one-
bedroom, one-bath floor plan contain-
ing 921 sf with one-car attached garage;
the one bedroom TH has 1,025 sf, with
one-car attached; the two-bedroom/two-
bath floor plan is 1,000 sf, with one-car
detached; there is a two-bedroom/2.5-
bathroom townhome model with 2-car
attached garage, containing 1,313 sf; and
the largest unit is a two-bedroom/two-
bathroom townhome with 2-car attached
garage containing 1,720 sf. There are
two floor plans involving a three-bed-
room model. This unit contains 1,289
sf, three bedrooms/two baths with one-
car detached garage; the other three-bed-
room/three-bath model has a two-car
attached garage with 1,525 sf.
Property Location: 2985 E. Aurora Ave.,
Boulder “Sterling University Peaks”
Property Description: 96-unit student
housing building with 192 bedrooms
and 96 bathrooms, 73,152 sf, YOC 1965,
masonry construction
Land Size: 2.39 acres
Sales Price: $22M, or $229,167 per unit, or
$114,588 per bedroom
Closing Date: 4/13
Reception No.: 03439845
Grantor: Sterling-UCAL LLC (University
Communities), Lee Ryder, 303-300-9028
Grantee: Marletta Properties Two Hold-
ings LLC (Jessica Ramer, mgr.), Sterling
University Peaks LLC (Mark H. Carson,
mgr.), 303-449-3060
Comments: Student housing one block
away from University of Colorado with
bedrooms renting for $825-$850/mo.
Grantor website .
Property Location: 980-1020 & 1100 Ken
Pratt Blvd., SafewayMarketplace &Long-
mont Diagonal Marketplace”
Property Description: (3) retail strip-cen-
ter buildings totaling 36,227 sf, YOC 1995
Land Size: 3.06 acres
Sales Price: $9.99M, or $275.66 per sf
Closing Date: 4/13
Reception No.: 03439182
Grantor: RLET Properties Nova Plaza
c/o Burden Inc., attn: Keith Burden, 303-
246-6393; Niwot 80544
Grantee: Starboard Diagonal DST (Steve
Carlton, VP of 8558 Realty Advisors)
Comments: Tenants include Starbucks
Coffee, Chipotle, Lamplighter, Little Cae-
sar, FedEx Office, Cost Cutters. Shadow-
anchored by Safeway, Advance Auto &
OfficeMax. Rental Rate was quoted at
$22.50 psf NNN for 2,100 sf at 1100 Ken
Pratt Blvd. Property was 10% vacant at
time of sale. Property was negotiated by
Matt Henrichs, 720-528-6308, and Brad
Lyons of CBRE Inc. – Retail Group
Property Location: 3340 Mitchell Lane,
Boulder
Property Description: 9,616-sf, 2-sty.
office building, YOC 1983
Land Size: 26,703 sf
Sales Price: $1.63M, or $168.99 per sf
Closing Date: 4/20
Reception No.: 03440699
Grantor: Coggan Properties LLC (Caro-
line & Peter Coggan, mgrs.), 303-246-6393
Grantee: Westfall LLC (Richard “Jason”
Cormier, mgr.), 303-444-9214
Comments: Sale was negotiated by
Angela Topel, 303-586-5921, and Gregory
Glass, 303-586-5927, of Gibbons White
Inc. The property contains 35 parking
spaces, kitchenettes and showers and is
located on a bike path. Scott Crabtree
of the Colorado Group represented the
buyer.
Denver County
Property Location: 2200 Larimer St., &
2222-2234 Larimer St., Denver
Property Description: 12,138-sf retail
building, YOC 1904, brick construction
and parking lot (land value)
Land Size: 31,384 sf
Sales Price: $5.8M, or $184.81 psf
Closing Date: 3/31
Reception No.: 2015039395 & 2015038205
Grantor: Monkey and the Music Box Inc.
(Jeffrey A. Cox, pres.) & Bohemian Hold-
ings LP (Matthew D. Wolf, ptnr.)
Grantee: 2200 Larimer LLC c/o Valdoro,
(Mike Schilling, Breckenridge)
Comments: Two deeds combined for a
total of $5.8M, or $184.81 per sf. The prop-
erty is on the east corner of Larimer St. &
22nd St.
Property Location: 3301-3385 Walnut St.,
Denver
Property Description: Five industrial
buildings totaling 51,350 sf, YOC 1947-65
Land Size: 50,005 sf
Sales Price: $4.65M, or $92.99 per sf
Closing Date: 3/12
Reception No.: 2015031420
Grantor: RayKasel LLC & Raymond J.
Kasel
Grantee: SilverRino LLC, 303-825-0940,
(Jeff Oberg, mgr.)
Financing: $2.72M payable to Citywide
Banks
Comments: 2-yr. leaseback to the seller;
buyer will upgrade the buildings. The
buyer will hold for redevelopment and
has 3350 Blake St. under contract. Tim
Finholm and Sam Leger of Unique Prop-
erties lLC-TCNWorldwide negotiated the
sale of the property.
Property Location: 4999 E. Kentucky
Ave., Denver “Cherry Creek Eye Center”
Property Description: 17,440-sf, 2-sty.
office/medical building, YOC 1985, reno-
vated in 2012
Land Size: 38,976 sf
Sales Price: $4.6M, or $263.76 per sf
Closing Date: 4/1
Reception No.: 2015040853
Grantor: CCEC LLC, c/o TBT Manage-
ment, Jack Gindi, CCIM, 303-302-6484
Grantee: Jaman Solutions, Steve B. Pham,
14910 W. Evans Pl., Lakewood 80228
Financing: $3.68M due 4/1/22, payable
to First Citizens Bank & Trust
Property Location: 1115 Logan, Denver
“Dresden Apts.”
Property Description : 28-unit, 2-sty. cen-
ter-hall apt. bldg. w/11,825 sf, YOC 1925,
brick construction, 24 one-bedrooms, 4
studios
Land Size: 12,500 sf
Sales Price: $3.5M, or $125,000 per unit, or
$295.98 per sf
Closing Date: 1/30
Reception No.: 2015011245
Grantor: Michael E. Prentiss &Andrea W.
Prentiss & Norman Veta
Grantee: 1678 Paris LLC (25%) & 1188
Bellaire Partners LLC (65% LTV), Michael
Blackman, mgr., c/o Brownstone Realty,
303-832-8155
Financing: $2.28M payable to JPMorgan
Chase, due 4/1/30 (74.2% LTV)
Comments: Sale includes 15 parking
spaces. The building is master metered
for gas, individual for electric. The trans-
action was negotiated by Kyle Malnati
and Greg Johnson of Madison Commer-
cial Properties, 303-771-3850, on a 1031
exchange. Seller converted property from
a 25-unit (all-studio apt. building) to 24
one-bedroom, 4 studio (28) units, and
rents are $900 per month. Marc Huis-
ken and John V. Winslow purchased this
building in 1982 for $250,000 and the rents
were $175/mo.
Property Location: 3190 W. Louisiana
Ave, Denver “Pinecrest Apartments”
Property Description: 43-unit, 2-sty.
walk-up style apt. bldg. w/37,916 sf, YOC
1960
Land Size: 50,887 sf
Sales Price: $2.92M, or $67,910 per door,
or $77.01 per sf
Closing Date: 4/15
Reception No.: 2015048132
Grantor: LoganApartments LLC (Andres
Osuna Cortes, mbr.)
Grantee: KCK Cinnamon Ridge LLC
(Keith A. Koch, mgr.) & 2055 S. Lincoln St
LLC (Jason M. Koch, mgr.), 303-321-5888
Financing: $2.19M payable to Bellco
Credit Union, due 4/15/25 (90.8% LTV)
Comments: The property was negoti-
ated by Jason Koch of Unique Properties
LLC and the apartment team, 303-321-
5888. The property sold in June 2013 for
$2.05M, or $47,675 per door.
Property Location: 1605 King St., Denver
(NWC King St & W. 16th St)
Property Description: residential
improvements (to be scraped)
Land Size: 37,140 sf of G-MU-3 zoned
property
Sales Price: $2.3M, or $61.93 per sf, or
$100,000 per proposed unit
Closing Date: 3/31
Reception No.: 2015045099
Grantor: Elsie Morales & Cayetano
Morales
Grantee: Sloans LCP LLC c/o Legacy
Capital Partners, 720-310-8988
Financing: $1.68M payable to Investment
Property Exchange Services Inc. based in
Tempe, AZ
Comments: Buyer is Steve Maxwell, VP
of acquisitions and research, & Jake Mutz,
president, of Legacy Capital. Listing bro-
ker was Keller Williams Downtown LLC,
Ernie Duran, 303-919-0077, duranrealty@
hotmail.com. Properties include 3520 W.
17th Ave, 1605 King St. & 3525 W. 16th
Ave. There are 23 units that are proposed
on these three parcels.
Property Location: 2441 S. York St., Den-
ver
Property Description: 17-unit, 3-sty. apt.
bldg. w/8,926 sf, YOC 1967, brick const.
Land Size: 6,250 sf
Sales Price: $2.05M, or $120,588 per unit,
or $229.67 per sf
Closing Date: 3/31
Reception No.: 2015039974
Grantor: Peter Charczenko
Grantee: Cedarbridge Apartments, (Ron-
ald L. Wells, mgr.) Dwellings LLC (Doug
Campbell, mgr.) & C&L Investing LLC
(Kevin Calame & Matt Lewallen, mgrs.)
Financing: $1.86M@ 4%payable to First-
Bank, due 4/1/25 (90.8% LTV)
Comments: 8 parking spaces and build-
ing has been recently updated. Two of the
grantees, Matt Lewallen and Kevin Cal-
ame, are with Pinnacle Real Estate Advi-
sors LLC and represented the grantee in
this transaction.
Property Location: 1536 Williams St.,
Units 101-304, “Park West Apts.”
Property Description: 12-unit, 3-sty. cen-
ter-hall apt. bldg.. w/8,715 sf, YOC 1964,
brick construction. Units have been legal-
ly divided into 12 condo units.
Land Size: 6,250 sf
Sales Price: $1.65M, or $137,150 per unit,
or $188.76 per sf
Closing Date: 4/15
Reception No.: 2015048119
Grantor: Ohana 23 LLC (Lesia Anders
Revocable Trust, mbr.)
Grantee: 1536 Williams LLC c/o Corner-
stone, Jim Lorenzen, pres., 303-333-1999
Financing: $1.09M payable to Centennial
Lending, due 4/1/30 (74.2% LTV)
Comments: Sale includes 6 parking spac-
es and 12 storage spaces. 11 one-bedroom
units@ 580 sf average size per unit and
one studio unit@ 480 sf. The transac-
tion was negotiated by Kyle Malnati and
Greg Johnson of Madison Commercial
Properties, 303-771-3850. The property
sold on a “in-place” cap rate of 5.87% and
expenses are estimated at $3,735 per door
(not including reserves). Some units has
been updated with granite countertops,
wood floors, tile and dishwashers. The
windows, roof, gutters and downspouts
have been recently replaced. Studio rents
for $1,170 per month with one-bedroom
unit commanding $1,395/mo.
Property Location: 1877 S. Federal Blvd,
Denver “Tangiers Apts.
Property Description: 24-unit, 3-sty. apt.
bldg. w/13,894 sf, YOC 1962, brick const.
Land Size: 15,625 sf
Sales Price: $1.47M, or $61,250 per unit, or
$105.80 per sf
Closing Date: 4/6
Reception No.: 2015043495
Grantor: TIC-02-2005, et al., c/o William
J. Cormier, et al.
Grantee: Tangiers 24 LLC, (Jeffrey Kramp
& Tom Payn, mgrs..) Pompano Beach, FL
Financing: $1.09M payable to Centennial
Lending, due 4/1/30 (74.2% LTV)
Comments: 24 one-bedroom units@ 575
sf average size per unit, master metered
for gas, individual for electric.
Property Location: 11975 E. 40th Ave.,
Denver
Property Description : 16,998-sf ware-
house, YOC 1969. Misc. improvements
(land value, zoned R-MU-30)
Land Size: 42,527 sf
Sales Price : $1.53M, or $89.72 per sf
Closing Date: 4/1
Reception No.: 2015041424
Grantor: Lightshade Labs LLC, 3950
Holly St. (John Fritzel, mbr.), 303-468-6100
Grantee: 11975 E. 40th Street, 26050
Mureau Rd., Ste. 101, Calabasas CA91302
Financing: $920,000 due 3/31/17, pay-
able to Montegra Capital
Comments: Grow operation at this loca-
tion. This is a sale-leaseback as the buyer
is an investor from California. Buyer con-
tact is Jeff McGuire of Lee & Associates,
818-444-4960, or 818-335-4332. Original
seller was Frank C. Torres and he sold the
property to Lightshade Labs for $1.2M,
recorded via 2015041384 and dated
4/1/15.
Property Location: E/S Fairfax St (235’
frontage), 90’ north of E. 8th Ave., also
fronts west side Forest St. (31’ frontage)
Property Description: Vacant land
Land Size: 35,910 sf
Sales Price : $1M, or $27.85 per sf
Closing Date: 4/9
Reception No.: 2015045795
Grantor: Friendship Baptist Church of
Christ Jesus (Rev. Paul Burleson), 303-
321-5529
Grantee: Mark Kelley, c/o Re/Max Alli-
ance Central
Financing: $975,000@ 13%, due 12-9-15,
payable to Luis Ventoza, Tempe AZ*
Comments: *There is a $78,000 origina-
tion fee of the note. The property was
quit-claimed to 800 Fairfax LLC, which is
Mark Kelley’s LLC. Buyer is a real estate
broker with Re/Max Alliance Central
Property Location: 4929 Ironton St., Den-
ver
Property Description: 7,200-sf industrial
building, YOC 1972, block/brick const.
Land Size: 27,610 sf
Sales Price : $870,000, or $120.83 per sf
Closing Date: 3/30
Reception No.: 2015040273
Grantor: 4929 Ironton LLC (Rebecca A.
O’Guin, mgr.), 303-232-0670
Grantee: Calebra LLC 4949 N. Broadway,
Ste. 105, Boulder, c/o Emerald Manage-
ment, 303-444-4552, Jim York, pres.
Comments: Fenced storage yard, 14’-clear
ceiling. Property is leased to new tenant
and buyer purchased for investment.
Property Location: 4745 W. 38th Ave.,
Denver
Property Description: 2,582-sf retail
building, YOC 1913, masonry const.
Land Size: 5,565 sf
Sales Price : $585,000, or $226.57 per sf
Closing Date: 3/27
Reception No.: 2015038805
Grantor: Daniel A. Florez
Grantee: CP Interest LLC, 4200 E. Cedar
Ave. 80246 (Corinna S. Carlsgaard)
Comments: Retail building with 6 park-
ing spaces.
Property Location: 3700 Tennyson St.,
Denver “Alcott U.S. Post Office”
Property Description: 5,263-sf post office
building, YOC 1965, masonry const.
Land Size: 18,195 sf
Sales Price : $550,000, or $104.50 per sf
Closing Date: 3/30
Reception No.: 2015038895
Grantor: CFF LLC (JoBelle Fischer, Kathy
Peterson & Lynne Isles, mgrs.)
Grantee: RMF Holdings LLC (Ryan M.
Floyd & RTH LLC (Andrew Toole, mgr.)
Comments: Located at northeast corner
of W. 37th Avenue & Tennyson St., the
property is the post office building. One of
the buyers (Ryan M. Floyd, 303-321-5888)
is a Colorado real estate broker employed
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