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June 17-June 30, 2015 — COLORADO REAL ESTATE JOURNAL — Page 23AA
PROPERTY AVAILABLE
For Sale For Lease Wanted
office • industrial • retail • multifamily • land • medical office • hospitality • restaurants • senior housing & care
“This sale will allow us to
continue to focus on our office/
flex and industrial product
which is the core of our portfo-
lio,” Grogan said.
Other News
n A limited liability company,
4100 South Bellaire, paid $8.75
million for a 23,939-square-foot
building at 4100 E. Mexico Ave.,
in Denver, anchored by a DSW.
That equates to about $362 per
sf. The brokers in the transac-
tion were Ryan Higgins of AIC
Commercial Real Estate LLC
and Mark Ernster of Sullivan-
Hayes.
n An unidentified buyer from
Arizona paid $6.15 million, or
$150.82 per sf, for the 40,778-sf
Lake Plaza retail center at 9000-
9180 W. 88th Ave. in Arvada.
There were multiple offers for
the property, which sold for 96
percent of the list price.
The property was 92 percent
occupied at the time of sale and
has rents below the market.
Rob Edwards and Tom
Ethington, both senior advis-
ers and Pinnacle Real Estate
Advisors LLC, represented the
local seller.
Pete Foster, also a senior
adviser at Pinnacle, represented
the buyer.
“We were able to increase
the seller’s net proceeds by
$388,000,” Edwards said.
“The seller received an unso-
licited offer prior to listing the
property and our effective mar-
keting was able to meet our
client’s expectations," he added.
He said he isn’t surprised that
the property received numer-
ous offers.
“The Denver metro (area) is
experiencing strong rent growth
and the opportunity to acquire
a value-add play drew interest
from many investors across the
U.S.,” Edwards said.
“There is a lot of demand for
these types of deals,” he said.s
Property Location: NE and MW corner of
McMurdo Ct &McMurdo Trail, also fronts
south side of Valley ViewDr, Castle Rock
Property Description: 55 vacant lots
Land Size: 7.1 acres
Sales Price: $1.65M, or $5.33 per sf, or
$30,000 per lot
Closing Date: 5/14
Reception No: 2015031733
Grantor: SLV Castle Oaks LLC (Craig K.
Campbell, signatory)
Grantee: Taylor Morrison of Colorado, Inc
Comments: Lots 1-16, Blk 5, (101,641 sf)
Lots 1-22, Blk 6, Lot 1-17 Blk 7, Castle Oaks
Estates Filing No. 5, Town of Castle Rock.
Property Location: 1 Oakwood Dr, Castle
Rock
Property Description: 9,860-sf garden (2
levels) office bldg, brick const, YOC 1978
Land Size: 0.75 acres
Sales Price: $1.6M, or $162.27 per sf
Closing Date: 5/7
Reception No: 2015030410
Grantor: Oakwood Park Ventures LLC
(Kathleen Kriebel, mgr)
Grantee: One Oakwood LLC (Edward
Shaw and Eric Shaw, mgrs) 303-962-9551
Financing: $1.12M due 5/1/16 payable to
Bank of the West, (70% LTV)
Comments: Listing brokers were Tom
Ethington and Rob Edwards of Pinnacle
Real EstateAdvisors LLC; Eric Shawof Pin-
nacle represented the buyer. The property
sold on an in-place cap rate of 7.3% and a
cash-on-cash return of 7.9% based on 5%
vacancy, as per listing broker’s brochure.
Property Location: 16990 Village Center
Dr, Parker
Property Description: 3,084-sf fast-food
restaurant, YOC 1999 (vacant restaurant)
Land Size: 1.03 acres
Sales Price: $1.3M, or $421.53 per sf
Closing Date: 5/14
Reception No: 2015031733
Grantor: Roo and Wang LLC (Jack H.
Wang, mgr)
Grantee: MPT of Parker FCER LLC
(Medical Properties Trust, Inc, Emmett E.
McLean, VP & COO, R. Steven Hamner,
EVP & CFO) 205-969-3755
Comments: Newmark Grubb Knight
Frank listed this this property.
Property Location: NW Side of S Perry St,
approx 400’ NE of E. PlumCreek Parkway,
Castle Rock
Property Description: Vacant commercial
land
Land Size: 1.41 acres
Sales Price: $875,000, or $14.25 per sf
Closing Date: 4/29
Reception No: 2015032418
Grantor: G and B Holdings (R. Andrew
Girardot and Joan K. Heid, mgrs)
Grantee: South Perry Street LLC (Walter
”Wally” B. Hultin, mgr) 303-458-5747
Comments: Retail buildings planned,
transaction handled by Brad Brown of Cas-
tleCenterstone Real Estate&Development,
303-688-2520.
Property Location: 8 N Wilcox St, Castle
Rock, “Meineke Car Care Center”
Property Description: 4-bay auto service
garage, 2,730 sf, YOC 1994
Land Size: 0.32 acres
Sales Price: $850,000, or $311.36 per sf
Closing Date: 5/19
Reception No: 2015032418
Grantor: Classic South Broadway LLC (Jon
C. Cook, mgr)
Grantee: YADi4 LLC (Ryan Tracy, mgr)
Comments: Buyer appears to be owner-
operator of the Meineke Car Care Center.
Buyer also operates one located at 1254 S
Hover, Longmont, 303-485-5999.
Property Location: SEC Castle Oaks Dr &
Autumn Sage Dr, Castle Rock
Property Description: 88 vacant lots
Land Size: 16.85 acres
Sales Price: $2.99M, or $4.08 per sf, or
$34,000 per lot
Closing Date: 5/14
Reception No: 2015031733
Grantor: SLV Castle Oaks LLC (Craig K.
Campbell, signatory) 385 Inverness Pkwy,
Ste 310, Englewood, CO 80112
Grantee: Melody Homes, Inc, 9555 S.
Kingston Ct, Ste 200, Englewood, CO 80112
Comments: Lots 1-40, Blk 1, Lots 1-14, Blk
2, Lot 1-26 Blk 3, Lots 1-8, Blk 4, Castle Oaks
Estates Filing No. 5, Town of Castle Rock,
see 2015023816 for file plat.
Property Location : 8351 Southpark
Lane, Littleton, “Crystal Rose”
Property Description: 7,617-sf restau-
rant, YOC 1983
Land Size: 2.02 acres
Sales Price: $1.25M, or $164.11 per sf
Closing Date : 5/12
Reception No: 2015033437
Grantor : Crystal Rose Management
Company, Inc (John Jay Byerly, pres)
Grantee : Lovelace Sporkin Property 2
LLC, 941 East 17th Avenue, Denver
Comments: This property was listed
and sold by Bob Leino, 303-534-4822,
and Andrew Dodgen, 800-754-0544, of
Fuller. Seating is up to 400 guests. Buyer
will use the building for a luxury day
spa.
Continued from Previous Page
John V. Winslow, CRE,
is president of WinComps
LLC and has more than
40 years’ experience in
commercial real estate.
He can be reached at
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
listing/selling brokers.
John V. Winslow,
CRE