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July 1-July 14, 2015 — COLORADO REAL ESTATE JOURNAL — Page 43
Property Description: 58,904-sf ware-
house, twin tee const., YOC 1977
Land Size: 1.5 acres
Sales Price: $2.75M, or $46.69 per sf
Closing Date: 6/15
Reception No.: 03453036
Grantor: Beaver Creek Investments LLC
(Michael E. Seavall, mgr.)
Grantee: Highland Properties 2515 LLC
intermediary for B.F.S.LHoldings
Financing: 1031 exchange, $361,277 pay-
able to Intermediary; $2.31M@ 5.25%, due
8/14/15, payable to FirstBank
Comments: Property listed and sold by
Jason Kruse, CCIM, of Colorado Group,
303-449-2131, Ext. 149. Property listed for
sale at $2.78M or lease at $4-$5.50 per sf
triple net. There is approximately 30,000
sf of cooling in the warehouse. Contact
Includes two
grade-level doors, two dock-high doors,
20-foot ceiling.
Property Location: 9800 N. 119th St.,
Longmont
Property Description: 3,780-sf manufac-
turing building, metal const., YOC 1980
Land Size: 7.6 acres, zoned Industrial with
special use for storage
Sales Price: $825,000, or $2.50 per sf (land)
Closing Date: 5/29
Reception No.: 03451750
Grantor: PDK Investments LLC (Kevin D.
Braly, mgr.) 303-772-2279, c/o Cap Exca-
vating & Demolition
Grantee: Sonia Locke, 303-702-1973 or
Comments: Property sold in October 2014
for $380,000. Buyer is a licensed real estate
broker who purchased the property to use
as a manufacturing facility. Mike Wafer
& Bruce Mawhinney of Newmark Grubb
Knight Frank listed the property for sale
when it sold to PDK in October 2014. The
site was used as a construction landfill, has
some flood plain issues, and is not incor-
porated into Longmont, thus no water
and sewer services are available to the
site. Locke conveyed the property to C &
J Enterprises LLC, based out of Loveland.
Jeffrey E. Johnson is one of the members
of this LLC. Includes two overhead doors
(14’ x 16’).
Property Location: 1 South Main St.,
Longmont
Property Description: Used car lot with
736 sf office & 1,612-sf service garage,
Land Size: 36,327 sf
Sales Price: $560,000, or $15.42 per sf (land
value)
Closing Date: 6/5
Reception No.: 03450662
Grantor: Bruce A. Nerison, Sioux Falls,
South Dakota, 605-338-1078
Grantee: EAT-1508 LLC (Tebo Dev. Co.,
Mike Verhoogen, mgr.) 303-447-8326
Comments: Property is located on south-
west corner of First Ave. and Main St. in
Longmont and has been a used car sales
lot. Property was listed for lease at $5,000
per month triple net. B.A. Nerison Jr., the
seller, handles the business end of auto
sales in Sioux Falls, S.D.
Denver County
Property Location: 1307 7th St. & 1338
First St., Denver, “Elitch Gardens”
Property Description: 53-ride theme park
with 6 roller coasters
Land Size: 62.44 acres
Sales Price: $140M, or $51.48 per sf (land
value)
Closing Date: 6/5
Reception No.: 2015075788
Grantor: CLP Elitch Gardens LLC, c/o
CNL Lifestyle Properties Inc. (Tracey B.
Bracco, VP) 800-522-3863
Grantee: KSE Elitch Gardens/Revesco/
Second City LLLP (Rhys Duggan, pres.)
Comments: See Denver County Assessor
Parcel Number(s) 02335-00-040 & 02338-
00-019. The group consists of Kroenke
Sports & Entertainment and Rhys Duggan
of Revesco Properties. Buyer plans to keep
theme park in operation with Premier
Parks LLC as the current operator of the
park and will upgrade the property with
a multimillion-dollar, six-story water-slide.
Brian Cuje, 303-551-7750, is executive vice
president of the company. The website of
the buyer is
with Kroenke Sports &Entertainment. The
operator of the park pays a guaranteed
lease payment to the new owner. Proper-
ties were originally leased to PARC Man-
agement under a 22.5-year lease with three
10-year options, triple net lease, in April
2007, and CNL terminated its agreements
with PARC in March 2011, appointed Her-
schend Family Entertainment, then trans-
ferred to Premier Parks LLC in 2013.
Property Location: 1100 15th St., Denver
Property Description: Vacant office land
Land Size: 39,306 sf
Sales Price: $17.97M, or $457.21 per sf, or
$27.15 per sf (buildable sf)
Closing Date: 5/29
Reception No.: 2015069282
Grantor: 1415 Lawrence Arapahoe Ltd.,
by: KAI Brothers, Inc., c/o Global Pacific
Properties, Inc. (Michael Law, VP) 303-694-
0060
Grantee: 1144 Fifteenth Partners LLC 1515
Wynkoop, Ste. 800, Denver, CO 80202 c/o
Hines, Charles Elder & Jay Despard, man-
aging directors, 713-621-8000
Financing: $158.9Mpayable toWells Fargo
Bank, NA, due 5/29/19
Comments: Grantee is planning to build
662,000-sf office tower with 40 stories. The
first floor will contain 6,000-sf ground-floor
retail space, 13 floors of parking plus con-
tain retail, restaurants & fitness center. The
building will contain 25,000-sf floor plates
and 10-foot ceilings. Jones Lang LaSalle
will handle the leasing and the property is
scheduled to be completed in 2018. Hines
Holding Inc. is based out of Houston, with
MarkA. Cover, senior managing director/
CEO. Transaction was handled by Mary
Sullivan, John Jugl & Eric Tupler of HFF.
Property Location: 1730 Blake St., Denver
Property Description: 56,378-sf, four-story
office building, brick const., YOC 1960
(renovated in 2006)
Land Size: 18,772 sf
Sales Price : $17.9M, or $317.50 per sf
Closing Date: 5/29
Reception No.: 2015069135
Grantor: 1714 Blake St LLC (Barry Hamil-
ton, mgr.) 303-864-0556, Ext. 1200 Pennsyl-
vania St., Ste. 100, Denver, CO 80203 c/o
Grantee: 1730 Blake LLC c/o Stoltz, Inc.,
Bala Cynwyd, PA, 610-667-5800
Financing: $9.86M payable to Guaranty
Bank & Trust, due 5/26/20 (55%)
Comments: Concentra – Urgent Care is
located on the first floor, Mulhern Group is
on the fourth floor.
Property Location: 789 Sherman St., Den-
ver
Property Description: 101,149-sf, six-story
office building, YOC 1973 (renovated in
1996)
Land Size: 68,751 sf
Sales Price: $9.95M, or $98.37 per sf, or
$144.73 per sf land
Closing Date: 6/2
Reception No.: 2015071982
Grantor: 789 Sherman Street LLC (Amy
Schuktheis, mgr.) 303-484-8925
Grantee: Sherman Point Ventures LLC,
c/o Centrepoint Properties (Tucker Man-
ion, pres. & managing broker) tmanion@
cpointproperties.com
Financing: $7M due 6/1/25 payable to
Wells Fargo Bank, NA; $1M due 6/10/25
payable to Wells Fargo (total $8M) (80.4%
LTV)
Comments: Grantee is located at 1616 17th
St., Ste. 470, Denver, 303-297-3137. Grantor
works for TimBer LLC and is located at
1350 17th St., Ste. 150, Denver. The proper-
ty was listed with Jon Treter & Ben Gilliam
at Coldwell Banker Commercial Alliance.
Property Location: 3000 Inca St.; 3019
Huron St.; 3103 Huron St., Denver
Property Description: Vacant land, zoned
C-MX-12
Land Size: 70,917 sf
Sales Price: $5.54M, or $78.15 per sf
Closing Date: 5/28
Reception No.: 2015068312
Grantor: Mountain Organic Farms LLC
(Chris Dinsdale, mgr.) 970-522-3766
Grantee: Westfield-Prospect LLLP (Randy
M. Schwartz, Richard G. McClintock,
Kevin McClintock & Richard Wham) 303-
298-1111
Property Location: 840 Cherry, Denver,
“Melrose Place”
Property Description: 17-unit, three-story
apt. building, 8,949 sf, brick const., YOC
1967
Land Size: 6,350 sf
Sales Price: $2.4M, or $141,178 per door, or
$268.19 per sf
Closing Date: 5/22
Reception No.: 2015068562
Grantor: Coco’s Palace LLC (Ryan D.
Geiser, mbr.)
Grantee: BPS NV III LLC (Susan Payne,
mgr.)
Financing: $1.42M payable to JPMorgan
Chase, due 6/1/45
Comments: The property was listed and
sold by Kyle Malnati, -
props.com, & Greg Johnson, gjohnson@
madisonprops.com, of Madison Commer-
cial and a 1031 exchange was facilitated.
The property previously sold inApril 2014
for $1.61M. There are 11 parking spaces.
Property Location: 1) 2440-2450 Ogden
St., 2) 3501-3549 High St, Denver
Property Description: 1) six-unit, two-
story apt. building, 4,328 sf, brick const.,
YOC 1956; 2) 11-unit, one-story apts., 8,060
sf, brick/frame const., YOC 1960
Land Size: 1) 6,250 sf 2) 33,700 sf
Sales Price: $1.45M, or $85,294 per door, or
$117.05 per sf
Closing Date: 5/22
Reception No.: 2015067883
Grantor: Denver Northeast Associates LP,
(Bertram A. Bruton, GP) c/o
sociates.net or
303-388-4314
Grantee: Denver NE LLC (21.5%) & TIC
SP 135 LLC, Benjamin O. Agin, mgr.)
Financing: $1.13Mpayable to TCF Nation-
al Bank, due 5/27/22
Comments: The two properties were list-
ed by Craig Stack, 720-833-4602, & Bill
Morkes, 303-283-4583, of Colliers Interna-
tional. The property is encumbered with
a project based Housing Assistance Pay-
ment (HAP – Section 8) contract through
February 2016 and was assumed by the
grantee. Total of 17 units, 12,388 sf.
Property Location: 2426 S. Federal Blvd.,
Denver
Property Description: 5,538-sf retail build-
ing, YOC 1956
Land Size: 33,594 sf
Sales Price : $1.2M, or $216.69 per sf
Closing Date: 5/22
Reception No.: 201506153
Grantor: Star-Tek Holdings LLC (Kim-
berly Gaetano, mgr.)
Grantee: 2426 S. Federal LLC (Donald
Friend II, mgr.) 913-213-5402
Comments: 420 Wellness, a marijuana dis-
pensary, is located at this address and
buyer acquired the property for invest-
ment purposes. According to the state-
ment of authority recorded, the principal
contact is an attorney, Donald Friend II,
based out of Prairie Village, Kansas.
Property Location : 3220 W. 20th Ave. &
3201 W. 19th Ave., Denver
Property Description: 4-unit apt., 2,386 sf,
YOC 1954 (and vacant land)
Land Size: 18,380 sf
Sales Price : $1.1M, or $59.85 per sf land
Closing Date: 6/1
Reception No.: 2015071954
Grantor: Florence D. Pierson
Grantee: 1920 LLC (Jesse R. Truman, mgr.)
303-653-6006
Financing: $777,000 due 6/1/25 payable to
Commerce Bank
Comments: Grantee is located at 1780 S.
Bellaire St., Ste. 500, Denver, CO 80222.
Property Location : 2035 S. Broadway,
Denver
Property Description: 5,538-sf retail build-
ing, YOC 1956
Land Size: 12,500 sf
Sales Price : $1M, or $180.57 per sf
Closing Date: 5/28
Reception No.: 2015068191
Grantor: Constantino Mavrocefalos Trust
Grantee: 2035 SB LLC (Jon C. Cook, mgr.)
Financing: $800,000 seller finance @ 5%
amortized over 20 years, due 2025
Comments: Property listed by Axio Com-
mercial Real Estate’s John Livaditis.
Property Location : 1551 S. Pearl St., Den-
ver
Property Description: 1,257-sf (restaurant
conversion), masonry const., YOC 1918
Land Size: 6,250 sf
Sales Price : $930,000, or $739.86 per sf
Closing Date: 5/18
Reception No.: 2015068010
Grantor: Rita Beth Quinn Marshall &
Continued from Previous Page
John V. Winslow, CRE, is president of Win-
Comps LLC and has more
than 40 years’ experi-
ence in commercial real
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 list-
ing/selling brokers.
John V. Winslow,
CRE A Hines partnership paid $17.97 million for the property where it is building 1144
Fifteenth.