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Page 42 — COLORADO REAL ESTATE JOURNAL — July 1-July 14, 2015
WinComps
Adams County
Property Location: 3316-3376 W. 96th Cir-
cle, Westminster, “The Environs Apts”
Property Description: 318-unit rental
community containing 110 apartments, 94
townhomes, 71 patio homes and 43 single-
family, 383,650 sf, YOC 1984
Land Size: 33 acres +/-
Sales Price: $64.92M, or $204,153 per unit,
or $169.22 per sf
Closing Date: 6/10
Reception No.: 2015000044029
Grantor: The Environs LLC, c/o Hamil-
ton Zanze Real Estate Investments, Mark
Hamilton & Tony Zanze, principals, 415-
561-6800
Grantee: Seagate EnvironsAssociates LLC
(Brian Johnson, VP acquisitions,) 303-825-
0660, & Line Leader I & II (Kunz Inv. LLC,
Greg Kunz, 509-744-0400)
Financing : $46.5M payable to CBRE Capi-
tal Markets Inc., due 7/1/25
Comments: DanWoodward, David Potarf
& Matt Barnett of CBRE, Inc.’s multifam-
ily team listed the property. The property
was 95% occupied at time of sale with an
average size unit of 1,206 sf, with rental
rates reflecting $1.15 per sf average. Kurt
Houtkooper of the seller oversees acquisi-
tion and disposition of properties.
Property Location: 475 Russell, Thornton,
“Sunset Peak Apts.”
Property Description: 184-unit, two-story
apt. complex with 15 buildings plus 1,600-
sf rental office, 173,584 sf rentable area,
frame const., YOC 1977
Land Size: 12.06 acres
Sales Price: $26.83M, or $145,815 per unit,
or $154.56 per sf
Closing Date: 6/10
Reception No.: 2015000044725
Grantor: WSV Peak LLC c/o Will Max
Capital, Inc.
Grantee: Capital Real Estate – Sunset Peak
LLC (Dan Levin, managing director, 303-
260-4476, & JasonWine, director of acquisi-
tions, 303-260-4308)
Comments: The propertywas listedby JLL
Denver Multifamily division’s Pat Stucker,
303-260-6518, & Ray White, 303-260-6502.
There are 24 1-bed/1-bath units @ 596 sf;
124 2-bed/1.5-bath townhome style @ 946
sf; 36 2-bed/1.5-baths townhome style @
1,166 sf.
Property Location: 16180 Colorado Blvd.
& 4115 E. 160thAve., “Thornton Gateway”
Property Description: Vacant land
Land Size: 205.98 acres
Sales Price: $5.5M, or $26,703 per acre
Closing Date: 5/27
Reception No.: 2015000043650
Grantor: FirsTier Bank (Michael J. Nelson,
chairman) 402-421-6226
Grantee: Havana and Iliff LLC, (Gary H.
Schlatter, mgr.), 303-783-9499
Financing: $2.67M payable to FirsTier
Bank, amortized over 20 years, balloon in
five years @ 4.5%.
Comments: The property was located on
the NEC of E. 160thAve. &Colorado Blvd.
Brochure by Thornton Gateway Proper-
ties shows the property was 203 usable
acres andwas planned for 3,500 residential
units, 750,000 sf of mixed-use and com-
mercial retail and office space, plus 32
acres of parks and civic space to serve the
community. This property is on the last leg
of the NorthMetro FasTracks line. Transac-
tion was a distressed deal with the bank as
the original developers filed bankruptcy.
The parcel containing 203.85 acres has
been annexed to the city of Thornton. The
2.13 acres on the hard corner of the NEC
of Colorado Blvd. & E. 160th Ave. has not
been annexed.
Property Location: 7626 Brighton Road,
Commerce City
Property Description: 24,539-sf auto deal-
ership showroom and 27,500-sf service
garage, metal const., YOC 1979
Land Size: 7.8 acres
Sales Price : $5.25M, or $100.89 per sf
Closing Date: 6/5
Reception No.: 2015000042928
Grantor: GEP Investments Inc. (George
Eidsness, pres.) 303-227-0575
Grantee: APCO 12 LLC (Bruckner’s Truck
Sales) 877-317-4164
Comments: Vacant building as Transwest
Trucks (grantor) is relocating to new site in
the area. The property was rezoned to I-2
for the entire site. Property is located on
the NEC of E. 76th Ave. & Brighton Road.
Property Location: 650 W. 106th Ave.,
Northglenn
Property Description: 30,002-sf ware-
house, includes 3,500-sf office area, precast
rock const., YOC 1973
Land Size: 2.77 acres
Sales Price : $4.24M, or $141.41 per sf
Closing Date: 6/5
Reception No.: 2015000043632
Grantor: Cross Development CC North-
glenn LLC (Steve Rumsey, pres.)
Grantee: West Coast Highway LLC,
(Debra Lynn Barlow, mgr.)
Financing: $2.76M payable to Bank of the
West
Comments: Kent McNaughton of
McNaughton Cos. purchased the prop-
erty for an investment as Caliber Collision.
New 15-year lease with a going-in cap rate
of 7%. Marcus and Millichap – Mansour
& Associates (Alvin Mansour), 858-373-
3187, negotiated the transaction. Includes
3 ramped dock doors, 3 drive-in doors
and 1 oversized door, sprinkled with floor
drains, exhaust system and paint booth.
Arapahoe County
Property Location: 15400 E. Evans Ave.,
Aurora, “Bella Terra @ City Center”
Property Description: 304-unit, two- and
three-story apt. complex, 205,432 sf (net
rentable area), frame const., YOC 1980,
renovated in 2011
Land Size: 10.55 acres
Sales Price: $37.6M, or $123,684 per unit,
or $183.03 per sf
Closing Date: 1/15
Grantor: GPPCountryside LLC, c/oGran-
ite Peak Partners, Inc., by: Lormac Proper-
ties LLC (Bruce Savett, mgr.) 805-259-3040
(direct) Santa Barbara CA
Grantee: Star Bella Terra LLC, c/o Stead-
fast Cos., (Kevin J. Keating)
Financing: $26.3M payable to PNC Bank
(70% LTV)
Comments: There are 64 studiounits@400
sf that rent for $702/mo. (projected $780/
mo); 72 1-bed/1-bath units @ 610 sf rent for
$833/mo. (projected $910-$1,020/mo.); &
168 2-bed/1.5-bath units @ 809 sf rent for
$955/mo. (projected $1,020-$1,030/mo.)
Grantor company phone is 825-892-4900,
. Seller has
spent approximately $21,385 per door in
capital expenditures from 2008 to date of
closing. Estimated operating expenses for
this property is $3,875 per door, not includ-
ing reserves, capital expenses or vacancy,
while the average rental rate is $1,017/mo.,
or $1.51 per sf. This is the third property
the grantee has purchased in Colorado
(Orchard Hills Senior, an 88-unit in Thorn-
ton & The Oasis, a 252-unit apartment
complex in Colorado Springs). There are
488 parking spaces including 58 carports.
Property Location: 2220 S. Peoria St.,
Aurora, “Iliff Commons”
Property Description : 75,459-sf neighbor-
hood shopping center, masonry const.,
YOC 1980
Land Size: 6.99 acres
Sales Price: $11.2M, or $148.43 per sf
Closing Date: 6/4
Reception No.: D5058711
Grantor: Bass Cahn Properties LLP (Harris
A. Cahn, mgr.)
Grantee : IC Investments LLC (Richard O.
Campbell II, mgr.)
Financing: $7.9M payable to Wells Fargo
Bank, NA, due 6/5/18
Property Location: 501W. HampdenAve.,
Englewood, “Former Bank of West”
Property Description: 7,690-sf retail build-
ing, YOC 1968, renovated in 2015 into a
two-tenant retail building with 24 parking
spaces
Land Size: 22,521 sf
Sales Price: $4.5M, or $457.21 per sf, or
$27.15 per sf (buildable sf)
Closing Date: 5/29
Reception No.: D5062094
Grantor: Drake 501 West Hampden Part-
ners LLC (c/o Sawbuck Properties LLC,
Jonathan H. Hardy, pres.) 303-825-5525 or
Grantee : 501 Hampden LLC (Dr. Louis N.
Ashkar & Georgette Ashkar, mgrs.)
Financing: $3.45M payable to Guaranty
Bank & Trust
Comments: Seller renovated the space
into two suites, one is the Corner Bakery
restaurant and the other is Brident Dental
Office.
Property Location : 7193 S. Dillon Court,
Englewood
Property Description : 22,680-sf, two-story
office/warehouse, masonry const., YOC
2002
Land Size: 1.46 acres
Sales Price: $2.5M, or $110.43 per sf
Closing Date: 6/2
Reception No.: D5058072
Grantor: Belt Investments LLC (Hayle Belt
Jr., pres.)
Grantee: Freedom Service Dogs, Inc.
(Sharan Wilson, exec. director) 303-922-
6231, swil-
Comments : Property was listed and sold
by CBRE, Inc. Building has 57% office fin-
ish and 43%warehouse finish, sprinklered.
Tyler Reed of JLL represented the buyer.
The buyer also purchased the site located
to the north that was listed by Greg Knott
of Unique Properties LLC. A board mem-
ber purchased the site for the buyer and
will subsequently sell it to Freedom Ser-
vice Dogs. The lot was listed for $225,000
and contains 1.15 acres. At the time of
publication, this transaction had not been
transferred. Lot will be combined with
7193 S. Dillon Court and will be one prop-
erty, giving the buyer a total of 2.6 acres for
its use. Buyer will relocate to this property
once renovation is complete.
Property Location: 6750 S. Emporia St.,
Centennial
Property Description: 7,226-sf, two-story
office/warehouse, masonry const., YOC
1967
Land Size: 20,962 sf
Sales Price : $875,000, or $121.09 per sf
Closing Date: 6/15
Reception No.: D5062874
Grantor: Capra Investment Company
LLLP
Grantee: Emerald
Comments: Phil Yeddis with Unique
Properties LLC negotiated the sale for the
seller, Tony Capra. Justin Soliman, with
Executive Realty & Investments - MB, rep-
resented the buyer. The seller has been in
the building for 23 years and will stay for
six months until it finds an exchange prop-
erty for Capra’s plumbing business. The
buyer will gut the building and/or expand
the building for his jewelry business. His
location is directly across the street from
his competitor, The Shane Co.
Boulder County
Property Location: 5450 Western Ave.,
Boulder
Property Description: 25,432-sf, two-story
office building, YOC 1984
Land Size: 42,251 sf
Sales Price : $4.43M, or $173.99 per sf
Closing Date: 6/1
Reception No.: 03449671
Grantor: Square Six LLC (S. John Archul-
eta, mgr.)
Grantee: Boulder Community Health
Property Location: 7915 Plateau Road,
Longmont
Property Description : Misc. improve-
ments (land value), 80 homes planned
Land Size: 18.91 acres
Sales Price: $3.1M, or $3.76 per sf, or
$38,750 per lot
Closing Date: 6/5
Reception No.: 03450647
Grantor: Clover Basin Ranch II LLC (Jack
D. Kelly & Rudy C. Bruehsel, mbrs.)
Grantee: DFH Clover LLC c/o Dream
Finders Homes (Patrick Zalupski, pres.)
Financing: $2.5M payable to seller, due
6/1/16
Comments: Property is located on the
east side of Plateau Road, directly south
of Renaissance filing No. 4; ½ mile north
of 79th St. & Plateau Road intersection.
Property is raw land without entitlements
or utilities.
Property Location : 75 Manhattan Dr.,
Boulder
Property Description: 23,178-sf, two-story
office building, brick const. with balconies,
YOC 1973
Land Size: 1.34 acres
Sales Price : $3M, or $129.43 per sf
Closing Date: 6/8
Reception No.: 03451183
Grantor: Manhattan Plaza LLC (David A.
McMahon & Dawn M. Suitts, mbrs.)
Grantee:ManhattanFortress LLC (Charles
P. Rahe & Emily R. Greenberg, mgrs.)
Financing: $2.25M payable to FirstBank,
due 6/15/25
Comments: Property listed and sold by
GaryA.Abousssie, Jessica Cashmore, Scott
Reichenberg & Neil Littmann of Colo-
rado Group, 303-449-2131. Listing broker’s
information reflected a 7.1% cap rate based
on 4% actual vacancy and expenses at
$4.63 per sf.
Property Location: 1850 Lefthand Circle,
Longmont
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