Page 44 —
COLORADO REAL ESTATE JOURNAL
— July 15-August 4, 2015
WinComps
Adams County
Property Location
: NEC & NWC of Mon-
roe Dr. & E. 124thAve., Thornton
Property Description
: Vacant land, 140
units proposed for 55 years old & older
Land Size
: 24.02 acres
Sales Price
: $4.6M, or $4.40 per sf, or
$32,857 per unit
Closing Date
: 6/1
Recording No.
: 2015000041235
Grantor
: Colorado Oaks LLC (Rebecca
Macsovits, mgr.)
Grantee
: BC Encore Eastlake LLC (Steven
Erickson, mgr. & pres. of Boulder Creek
Builders), 720-626-7088
Legal
: Lots 1-4, the Oaks at Eastlake, see
plat 2007000061458.
Comments
: See memorandum of agree-
ment recorded 2015000040991. Proposed
35 four-plexes, totaling 140 units, with each
unit containing a 2-car garage back to back.
Builder began preselling these units, with
pricing in the high $200,000s, and contain-
ing 1,300 to 1,500 sf, in June.
Property Location
: 11852 E. 16th Ave.,
Aurora, “ElmGrove Apartments”
Property Description
: 58-unit three-story
apartments, 40,859 sf, YOC 1973, stucco
construction
Land Size
: 1.3 acres
Sales Price
: $3.4M, or $58,621 per door, or
$83.21 per sf
Closing Date
: 6/2
Recording No.
: 2015000042008
Grantor
: 11852 East 16th Avenue Partners
Ltd., by: Kurtex Management Company
Inc. (Kurtis L. Lochmiller, pres.)
Grantee
: Vukota Elm Grove Apartments
LLLP, (TomVukota, ptnr., 303-261-8584)
Comments
: There are 55 one-bedroom
units and three studio units.
Property Location
: Vicinity NWC N. 45th
Ave. & E. Bridge St., Brighton
Property Description
: 50 residential lots
Sales Price
: $263M, or $52,500 per lot
Closing Date
: 6/1
Recording No.
: 2015000041325
Grantor
: Brighton East Land LLC (Heath
A. Herber, mgr.)
Grantee
: Elacora Brighton East LLC, Real
Capital Solutions (Sharon K. Eshima &
Marcel J. C. Arsenault, pres.) 303-466-2500
Financing
: $20M payable to Vectra Bank
(security agreement) 720-947-8523
Comments
: Lots 8-31, Blk 1, Lots 5-8,
10,11,13, Blk 2, Lots 1-8, Blk 4, Lots 1-11, Blk
6, Brighton East Farms Filing No. 1. Con-
tractor is Mountain Vista Builder Services,
303-662-9700. See parcel number beginning
with 01569-033-12-024.
Property Location
: 4304 E. 60thAve., Com-
merce City
Property Description
: 14,326-sf auto ser-
vice buildings (3), YOC 1988, 2,500-sf office
building, YOC 1988, & 1,400-sf office, YOC
1997 (total of 18,226 sf)
Land Size
: 5.65 acres
Sales Price
: $2.6M, or $142.65 per sf
Closing Date
: 6/29
Recording No.
: 2015000051016
Grantor
: CFS Investments LLC, c/o Com-
plete Fleet Services Inc., 303-289-6121
Grantee
: Hooper Investments LLC,
(AndrewHooper, mgr.) 303-435-9386
Comments
: There are five buildings on the
5.65-acre property, which includes a large
storage yard. Buyer was an occupant/ten-
ant in the building. Tenants include Mobile
Container Service Inc. (MCS) & Complete
Fleet Services Inc. Hooper Investments is
a subsidiary of MCS with Andrew Hoop-
er president of both companies. Buyer
verified this was an arm’s-length transac-
tion, but there were no real estate brokers
involved in the transaction. The property
was appraised by a licensed certified gen-
eral appraiser to assist with establishing the
sales price.
Property Location
: 4860 W. 120th Ave.,
Westminster
Property Description
: 3,640-sf fast-food
restaurant, YOC 2001
Land Size
: 1.27 sf
Sales Price
: $2.01M, or $552.10 per sf
Closing Date
: 6/23
Recording No.
: 2015000050312
Grantor
: Bodan Inc., (Daniel K. O’Brien,
pres.)
Grantee
: SP Colorado Food Service LLC,
c/o Starpoint Commercial Properties, Bev-
erly Hills, CA90210
Comments
: Buyer purchased four prop-
erties from the same operator. Wendy’s
restaurants has been updated with new
façade and exterior finish.
Property Location
: SE/S of Grant St.,
approx. 300’ S of E. 120thAve., Northglenn
Property Description
: Vacant land
Land Size
: 5.76 acres, or 250,906 sf
Sales Price
: $1.5M, or $5.98 per sf
Closing Date
: 6/2
Grantor
: City of Northglenn, (Joyce Down-
ing, mayor)
Grantee
: DR Northglenn Development
LLC c/o Duke Realty Corp.
Comments
: The buyer is planning on
developing a 60,000-sf hospital and medi-
cal office building. The ground floor and
approximately 8,000 sf of the second floor
(28,000 sf+/-) will be used for the hospital
area. The remainder of the second and the
entire third floor will be used for medical
offices. The developer also will have 130
parking spaces. The zoning for this site is
C-5, Northglenn. The address will be 11990
Grant St., Northglenn.
Arapahoe County
Property Location
: 15400 E. Evans Ave.,
Aurora “Bella Terra @ City Center” & 932
S. Helena Way, Aurora, “Hearthstone @
City Center”
Property Description
: 304-unit two- and
three-story apartment complex, 205,432 sf
(net rentable area), YOC 1980, renovated
in 2011, frame construction. There are 488
parking spaces, including 58 carport spac-
es. The second building located at 932 S.
Helena Way is a 360-unit apartment com-
plex, 314,668 sf (net rentable area), 41 build-
ings, YOC 1984; partially renovated in 2011,
frame construction. There are 655 parking
spaces including 57 carport spaces.
Land Size
: 10.55 acres & 18.25 acres, respec-
tively
Sales Price
: $91M, or $137,048 per unit, or
$174.97 per sf
Closing Date
: 1/11 & 6/23
Recording No.
: D5061359 & D5068353
Grantor
: GPPCountryside LLC, c/o Gran-
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 Companies, (Kevin J. Keating, mgr.)
Financing
: $63.7M payable to PNC Bank
(70% LTV, two separate notes and TDs)
Comments
: Grantor’s phone no. is 825-
892-4900,
Seller has spent approximately $21,385 per
door in capital expenditures from 2008 at
15400 E. Evans Ave. & $14,725 per door for
932 S. Helena Way. These two transactions
were handled by ARA of Denver, led by
Jeff Hawks & DougAndrews.
Property Location
: 14001 E. Iliff Ave.,
Aurora “Forum Building”
Property Description
: 168,167 seven-story
office building, YOC 1981, brick/glass con-
struction
Land Size
: 7.5 acres
Sales Price
: $14M, or $83.25 per sf
Closing Date
: 6/18
Recording No.
: D5064465
Grantor
: Forum Investors LLC, c/o West-
side Investments Partners Inc. (Andrew R.
Klein, pres.) 303-984-9800
Grantee
: Forum Three LLC (Blair E. Rich-
ardson, mgr.) 303-861-8466
Financing
: $10.5M payable to Barclays
Bank
Comments
: Building was renovated in
2008 and has 24,950-sf floor plates.
Property Location
: 2369-2422-2452 S. Tren-
ton Way & 7800 E. Iliff Ave., Denver
Property Description
: 128,027-sf industrial
flex complex (four buildings), YOC 1980-
1984, fractured block construction
Land Size
: 9.12 acres
Sales Price
: $12.2M, or $95.29 per sf
Closing Date
: 6/23
Recording No.
: D5069688
Grantor
: TPP 201 Iliff LLC, 1601 Elm St.,
Unit 350, c/o Trigate Capital LLC, Dallas
72001-4733 (Jay Henry, 214-615-3354, or Jon
Pettee, 214-615-3349)
Grantee
: Iliff Business Park 7800 LLC c/o
MIG Capital, Greg Merage, CEO, 949-474-
5800, Newport Beach, CA
Financing
: $8M payable to Everbank, due
7/1/20, (65.6% LTV)
Comments
: 1973-28-3-20-001, or 2369 S.
Trenton, contains 2.34 acres and has 32,943
sf; 1973-28-3-01-035, or 7800 E. IliffAve., has
1.45 acres, contains 21,332 sf and was con-
structed in 1980; 1973-28-3-26-004, or 2452
S. Trenton Way, has 3.47 acres, contains
46,754 sf andwas constructed in 1984; 1973-
28-3-26-003, or 2422 S. Trenton Way, has
1.67 acres and contains 26,998 sf. Two of the
buildings are on the east side of S. Trenton
Way and two are on the southwest corner
of S. TrentonWay&E. IliffAve. Kevin Stiles
is director of office and office/flex invest-
ments,
& Dave Patty
is senior director of investments, dpatty@
migref.com. Lease rates are quoted from
$7.50 to $8.25 per sf triple net with expenses
of $3.28 per sf. T. J. Smith was one of the
brokers involved in the sale, Colliers Inter-
national.
Property Location
: 5579 S.Windermere St.,
Littleton, “LynnewoodApartments"
Property Description
: 57-unit six-story
apartment building, 45,668 sf, YOC 1972,
brick & concrete construction
Land Size
: 1.1 acres
Sales Price
: $6.6M, or $115,789 per unit, or
$144.52 per sf
Closing Date
: 6/30
Recording No.
: D5070861
Grantor
: Lynnewood Partners LLC (Wil-
liamD. Evan Jr., mgr.)
Grantee
: Coco’s Palace LLC, (Ryan D.
Geiser, mgr.) 303-778-5472
Financing
: $4.95M payable to JPMorgan
Chase, due 7/1/45, (75% LTV)
Comments
: Two floor plans with 34 one-
bedroom units with 600 sf that rent for
$900/mo.; 22 two-bedrooms are 800 sf and
rent for $1,100/mo. There is one studio
unit. This is a 1031 exchange for 840 Cherry
St., which Ryan Geiser sold in May for
$2.4M. JoshNewell, 303-962-9559, of Pinna-
cle Real Estate Advisors LLC represented
the parties in the Lynnewood transaction.
Property Location
: 5594 S. Gibraltar St.,
Centennial, “Brakes Plus”
Property Description
: 6,948-sf auto service
center, YOC 1999, masonry const.
Land Size
: 1.08 acres
Sales Price
: $1.92M, or $276.34 per sf
Closing Date
: 6/16
Recording No.
: D5063828
Grantor
: Chi-Chi’s of Colorado Springs,
(Larry F. Pisciotta, pres. of Brake Plus)
Grantee
: Highland Properties 2215 LLC –
Intermediary for Robert J. Walker Tr.
Financing
: $1.93M payable to Bank Colo-
rado, due 12/13/15 months
Comments
: 1031 exchange, handled by
Chris Doty, 602-687-6700, & John Glass,
415-625-2114, both of Marcus & Millichap.
There is a new 15-year lease that com-
menced June 16. Lease rate is $18.65 per
sf triple net and reflects a 6.75% going-in
cap rate, which does not factor vacancy or
reserves.
Property Location
: N/S. Grant Way,
approx. 500’ east of S. Lincoln St. (Littleton)
Property Description
: Vacant land
Land Size
: 3.1 acres
Sales Price
: $837,889, or $6.21 per sf
Closing Date
: 5/29
Recording No.
: D5057219
Grantor
: Koelbel Broadway LLC (BuzKoe-
bel, pres. of Koebel & Co.)
Grantee
: The GarageCondos on Grant
Way Ltd. (Glenn McWilliams, mgr.) 303-
518-2353,
Comments
: Buyer plans to build condo-
minium storage/industrial space.
Boulder County
Property Location
: 1000-1100 McCaslin
Blvd, “Superior Pointe”
Property Description
: 91,488-sf, three-sto-
ry office building & 62,618-sf office build-
ing, YOC 1999, painted precast construc-
tion, total 154,106 gross square feet
Land Size
: 14.19 acres
Sales Price
: $25.8M, or $167.42 per sf
Closing Date
: 6/17
Recording No.
: 03453753
Grantor
: Sequoia Properties LLLP by PBL
Investments LLC (L. Ted Prosser, pres.),
c/o Landmark Asset Management, North
Carolina, 828-242-4722
Grantee
: CIO Superior Pointe LP, c/o Sec-
ond City Real Estate, Jamie Farrar, pres.,
1075 West Georgia Street, Suite 2600, Van-
couver, BC V6E 3C9, 604-806-3350
Financing
: $150M credit agreement, pay-
able to KeyBank National Association
Comments
: The original developer was
Cliff Investors LLC, Randy Myers. There
are 357 parking spaces, including 8 handi-
cap spaces for Lot 2, which contains 8.82
acres; & 223 parking spaces, including 6
handicap spaces, for Lot 1, which contains
5.37 acres. Merrick Egan is executive vice
president of Second City Real Estate and
responsible for acquisitions. He is based in
the Dallas office.
Property Location
: 329 Exempla Circle,
Lafayette, “PowerBack Rehabilitation”
Property Description
: 99-bed, 69,643-sf
medical rehabilitation hospital, YOC 2015
Land Size
: 4.27 acres
Sales Price
: $21.61M, or $310.32 per sf
Closing Date
: 6/25
Recording No.
: 03455363
Grantor
: MS Lafayette Colorado LLC, by
Mainstreet Asset Management Inc. (Adlai
Chester, CFO, & Zeke Turner, CEO) 317-
582-6200
Grantee
: Element Acquisition Sub. 4 LLC,
c/o Health Care Reit Inc., 419-247-2800,
4500 Door St., Toledo OH 43615
Comments
: PowerBack Rehabilitation cen-
ter is a short-term hospital that includes
post-acute continuum of care. There are
private suites, restaurant-style dining, a
large movie theater, a game room and
walking trails. The press release indicated
the development cost the seller approxi-
mately $16.6M. See file plat via reception
number 03347541.
Property Location
:Northwest cornerHwy.
119 & East County Line Rd., Longmont
Property Description
: Vacant land, pro-
posed “UC Health Longmont Medical
Center”
Land Size
: 44 acres
Sales Price
: $9.58M, or $5 per sf
Closing Date
: 6/12
Recording No.
: 03452493
Grantor
: FHC Investors LLC (Richard M.
Groves, mgr.)
Grantee
: University of Colorado Health,
Dan Weaver, spokesman
Comments
: The buyer plans to build
a new 50- to 75-bed hospital to be com-
pleted at the end of 2016 or in early 2017.
The preliminary plans call for the devel-
opment of 32 acres of the site. The facility
would include a three-story 172,000-sf hos-
pital/medical center.AlecWynne atAvison
Young negotiated the sale of this property.
Property Location
: 455 W. South Boulder
Road, Lafayette
Property Description
: 3,387-sf fast-food
restaurant, YOC 1994
Land Size
: 41,800 sf
Sales Price
: $2.25M, or $664.31 per sf
Closing Date
: 6/23
Recording No.
: 0345516
Grantor
: Bodan Inc., (Daniel K. O’Brien,
pres.)
Grantee
: SP Colorado Food Service LLC,
c/o Starpoint Commercial Properties, Bev-
erly Hills, CA90210
Comments
: Buyer purchased four prop-
erties from the same operator. Wendy’s
restaurants has been updated with new
façade and exterior finish.
Property Location
: 2033 Ken Pratt Blvd.,
Longmont, “former Johnny Carino’s”
Property Description
: 6,938-sf restaurant
YOC 1999
Land Size
: 1.46 acres
Sales Price
: $1.25M, or $180.17 per sf
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