July 15-August 4, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 45
Closing Date
: 6/19
Recording No.
: 03454981
Grantor
: AEI Income & Growth Fund
XXII, (Robert P. Johnson, pres.)
Grantee
: Tebo Chaknova II LLC, et al. (Ste-
phen D. Tebo, mgr.)
Comments
: Propertywas listedbyAndrew
Dodgen, 720-287-5412, of Fuller Real Estate
LLC,
. Propertywas
also listed for lease at $20 per sf triple net.
Property Location
: 630 S. Emery St., Long-
mont
Property Description
: Vacant land
Land Size
: 2.65 acres
Sales Price
: $1.13M, or $9.75 per sf
Closing Date
: 6/19
Recording No.
: 03454186
Grantor
: Harvest J Land LLC (R. Brian
Watson, mgr.)
Grantee
: Guardian Storage Longmont
LLC (Steven H. Cohen, mgr.)
Comments
: West side of S. Emery St.,
approximately 450’ southof KenPratt Blvd.
Property Location
: 304 2ndAve., Lyons
Property Description
: 2,570-sf bank build-
ing, YOC 1990
Land Size
: 0.76 acres
Sales Price
: $500,000, or $194.55 per sf
Closing Date
: 6/26
Recording No.
: 03455663
Grantor
: Valley Bank & Trust (Michael Van
Norstrand, SVP)
Grantee
: Downtown Lyons Development
LLC, (Craig Charles Ferguson, mgr., pres.
of Planet Bluegrass, 303-823-0848)
Comments
: Property was listed by Rhett
Strom & Robert Hau of Sperry Van Ness/
The GroupCommercial LLC, 970-207-0700.
Denver County
Property Location
: 518 17th St., Denver
“Denver Club Building”
Property Description
: 231,454-sf 21-story
office bldg, YOC 1954, renovated 2010
Land Size
: 15,654 sf
Sales Price
: $30M, or $129.62 per sf
Closing Date
: 6/18
Recording No.
: 2015080392
Grantor
: MLDenver LLC c/o Lowe Enter-
prises Investment Inc. (Alon Kraft, VP)
Grantee
: UPI Denver Club LLC c/o Unico
Investment Group LLC (Jonas Sylvester
COO), Austin Kane, VP – regional man-
ager, Denver,
Financing
: $20.26M payable to Bank of
America, (60.6% LTV) due 7/5/19
Comments
: Building had $10 million
in renovation prior to the time the seller
bought the building in October 2011 for
$20.2M. The sale included Floors 1-16. Riki
Hashimoto andDan Grooters of Newmark
Grubb Knight Frank negotiated the sale of
this 78% occupied building.
Property Location
: 155 S. Madison St.,
Denver
Property Description
: 42,138-sf, three-sto-
ry office building, YOC 1974, brick
Land Size
: 42,275 sf
Sales Price
: $11.45M, or $271.73 per sf
Closing Date
: 6/18
Recording No.
: 2015081394
Grantor
: MAD 155 LLC (Stuart C. Ogilvie,
pres.)
Grantee
: 155 South Madison LLC c/o
Stoltz Real Estate Partners (Michael J. Con-
nolly, principal, Bala Cynwyd, PA) www.
stoltzusa.com, 610-667-5800
Financing
: $6.94M payable to Guaranty
Bank & Trust (60.6% LTV) due in 5 yrs.
Comments
: Space was offered for lease
at $24 per sf from last brochure view
from Cassidy Turley, now DTZ. Building
was renovated in 1995. Stockton Baker,
Bill Lucas and Brian Hutt were the last
brokers who were discovered as listing
brokers from DTZ, 303-292-3700. Patrick
Devereaux& Jason Schmidt of JLLhandled
the transaction. Last sale was May 2012 for
$3.3M.
Property Location
: 8314 Northfield Blvd.,
Denver
Property Description
: 7,399-sf restaurant
“Olive Garden,” YOC 2008
Land Size
: 36,127 sf
Sales Price
: $5.27M, or $712.66 per sf
Closing Date
: 6/24
Recording No.
: 2015086707 (APN – 01215-
01-010)
Grantor
: GMRI Inc. (Laurie B. Burns, SVP)
Grantee
: Kit Carson Apartments LLC
(Ronald J. Helten, 303-792-2100)
Financing
: $2.64M payable to First Internet
Bank of Indiana
Comments
: Portfolio sale of Olive Garden
restaurants, with 15-year lease, 1% increase
per year, lease rate is $39.20 per sf triple
net, with in-place cap rate of 5.5%, listed
and sold by The Boulder Group & Lee &
Associates of Chicago.
Property Location
: 1805 S. Bellaire St.,
Denver
Property Description
: 36,310-sf, five-story
office building, YOC 1964, brick
Land Size
: 29,392 sf
Sales Price
: $3.4M or $93.64 per sf
Closing Date
: 6/16
Recording No.
: 2015080799
Grantor
: Bellaire Place 1-2-3 LLC, c/o Rich-
ardson Realty Inc. (Nick Koncilja, pres.)
Grantee
: 1805 S. Bellaire Office LLC c/o
Matrix Group Inc., (John C. Webb, mgr.,)
303-333-7500
Financing
: $2.6M payable to Guaranty
Bank & Trust (76.5% LTV)
Comments
: Space totaling 19,385 sf is
offered for lease at $18-$20 per sf; contact
is Adam Rubenstein for the buyer. Seller’s
no. is 720-580-1780. The building was reno-
vated in 2001 and there are 191 shared
parking spaces.
Property Location
: 1777 S. Bellaire St.,
Denver
Property Description
: 33,963-sf five-story
office building, YOC 1963, brick
Land Size
: 48,384 sf
Sales Price
: $3.4M, or $93.64 per sf
Closing Date
: 6/16
Recording No.
: 2015080798
Grantor
: Bellaire Place 1-2-3 LLC, c/o Rich-
ardson Realty Inc. (Nick Koncilja, pres.)
Grantee
: 1777 S. Bellaire Office LLC c/o
Matrix Group Inc. (John C. Webb, mgr.),
303-333-7500
Financing
: $2.69M payable to Guaranty
Bank & Trust (79% LTV)
Comments
: Space totaling 11,520 sf is
offered for lease at $18-$20 per sf; contact is
AdamRubenstein for the buyer. Seller’s no.
is 720-580-1780. Property was renovated in
2001. There are 191 shared parking spaces
Property Location
: 5100 W. Eighth Ave.,
Denver
Property Description
: 22-unit, two-story
walkup apartment bldg., 16,936 sf, YOC
1973, brick/frame construction
Land Size
: 67,518 sf
Sales Price
: $1.94M, or $87,955 per door, or
$114.25 per sf
Closing Date
: 6/12
Recording No.
: 2015082722
Grantor
: Cottonwood Manor LLC (Shel-
don Spiegelman, mgr.)
Grantee
: Rental Madness LLC (Carolyn B.
Plotkin, mgr.), 303-516-0008
Financing
: $1.45M payable to American-
West Bank, due 30 years
Comments
: There are two one-bedroom,
one-bath units that rent for $550/mo.; 20
two-bedroom, one-bath units that rent for
$705/mo. Expenses are $2,852 per door,
not including reserves. Property was list-
ed by Barbara Currie, 720-839-7300, Gen-
esee Commercial Group, 303-980-0500. The
property sold on a 6% going-in cap rate,
including a 5% vacancy but no reserves.
Property Location
: S/S E. 47th Ave, 216’
East of Yosemite St., Denver
Property Description
: Vacant land
Land Size
: 88,987 sf
Sales Price
: $1.5M, or $16.86 per sf
Closing Date
: 6/26
Recording No.
: 2015086634
Grantor
: FC Stapleton II LLC (Brian Fen-
nelly, VP)
Grantee
: R.I. Heritage Inn of Stapleton
LLC (Diversified Real Estate Group, Curtis
A. Bunce, mgr.,) 702-385-4988, Ext. 202
Comments
: Proposed Drury Hotel
Property Location
: SEC Newport St. & E.
First Ave., Denver
Property Description
: 10 vacant lots
Land Size
: 45,248 sf
Sales Price
: $1.15M, or $115,000 per lot, or
$25.41 per sf
Closing Date
: 6/18
Recording No.
: 2015080962
Grantor
: Lowry Economic Redevelopment
Authority (Montgomery C. Force)
Grantee
: B-One Lowry LLC, c/o Berkeley
Homes Inc., 303-756-8500
Comments
: Lots 1-6, Block 4 = 23,294 sf;
Lots 12-15 Block 4 = 21,954 sf, Boulevard
One Filing No. 1.
Property Location
: 5195 E. 39th Ave, Den-
ver
Property Description
: 10,250-sf warehouse
(2,553-sf office area), YOC 1965, masonry
construction, 2 dock-high doors facing E.
39thAve.
Land Size
: 18,500 sf
Sales Price
: $1M, or $97.56 per sf
Closing Date
: 6/12
Recording No.
: 2015082704
Grantor
: RMK Investments LLC (Michael
Aragon, mgr.)
Grantee
: Bosch 39 LLC (Aidan McGuire,
mgr.) 303-388-8416
Comments
: Jeff Kummer of Altitude Com-
mercial Realty LLC, 303-885-4725, was the
listing broker on this property. Albert M.
Kummer sold the property to RMK Invest-
ments (Michael Aragon, mgr.) on May 29
for $850,000, as shown via ReceptionNum-
ber 2015082546.
Property Location
: SEC E. Fifth Ave &
Lincoln St. (490 Lincoln St.), Denver
Property Description
: Parking lot, zoned
C-MX-8
Land Size
: 14,170 sf
Sales Price
: $1M, or $70.57 per sf
Closing Date
: 6/23
Recording No.
: 2015085197
Grantor
: Fox TelevisionHoldings Inc. (Lisa
R. Rafferty, signatory)
Grantee
: Lincoln Street Investments LLC
c/o Resolute Investments Inc.
Comments
: Buyer purchased site for addi-
tional parking and/or development poten-
tial adjacent to a building it owns at 450
Lincoln. The grantee purchased this build-
ing for $1.23M in June 2013.
Property Location
: 3930W. 38thAve., Den-
ver “El Chapultepec Too”
Property Description
: 2,927-sf restaurant,
YOC 1978
Land Size
: 11,986 sf
Sales Price
: $900,000, or $88.73 per sf (land
value)
Closing Date
: 6/17
Recording No.
: 2015081177
Grantor
: Highland Properties 5514 LLC
Grantee
: Sonrisa Holdings LLC (Gene
Lucero, mgr) 303-458-3800
Comments
: See first part of the 1031
exchange from Krantz Properties to High-
land Properties 5514 on 12/23/14, record-
ed 2014156672.
Property Location
: 4805 Kingston St.,
Denver
Property Description
: 8,400-sf manufac-
turing building, YOC 1972
Land Size
: 33,000 sf
Sales Price
: $975,100, or $116.08 per sf
Closing Date
: 6/16
Recording No.
: 2015081068
Grantor
: James Michael Redmond
Grantee
: VK Management Solutions LLC
(Andrew Schrot, mbr.) 720-583-1216
Financing
: $487,567 payable to Investment
Property Exchange Services Inc.
Comments
: The property was listed by
Steve Serenyi of Colliers International, 303-
283-4578. Buyer will use the building for
the manufacturing of his marijuana edibles
business. BlueKudu specializing in mari-
juana edibles,
Douglas County
Property Location
: 1060 Plaza Dr., High-
lands Ranch
Property Description
: 35,297-sf fitness/
medical center, YOC 2014
Land Size
: 6,250 sf
Sales Price
: $10.13M, or $298.81 per sf
Closing Date
: 6/11
Recording No.
: 2015041037
Grantor
: TKC-DP Denver LLC, The Keith
Corp., (Ken Beuley, CFO) 704-365-6000
Grantee
: MMAC HT 1 Denver DP LLC
c/oHarpeth on the Green II, 109West Park
Dr., Ste. 260, Brentwood, TN 37027, attn:
Paul Sandler, 615-921-3850
Comments
: Chris Conk, 615-921-3847, is
acquisitions manager and principal for the
buyer, Montecito Medical Property Co. DI
Sports Holding, co-owned by former NBA
star Chauncey Billups along with Denver
Broncos Brandon Stokley & Chris Kuper,
opened Panorama Orthopedics and Spine
Center inApril 2015 at this location.
Property Location
: 8878 Barron Blvd.,
Highlands Ranch
Property Description
: 61,354-sf two-story
office building, YOC 1994, concrete
Land Size
: 3.32 acres
Sales Price
: $5.3M, or $86.38 per sf
Closing Date
: 6/29
Recording No.
: 2015044619
Grantor
: Barrons Boulevard LLC (Mark
Johnson of Johnson Moving, 303-690-2600)
(78.11%), PLWBarrons, BrianWatson, mgr.
4.47%, ElbowroomLLC, StevenW. Hickox,
intermediary 17.42%)
Grantee
: Highlands Office LLC (Dennis
Coughlin, mgr.) 303-863-1900
Financing
: $1.8M payable to MidFirst
Bank, due 6/28/22
Comments
: New roof installed in 2013,
24-inch raised floor with 5,000-sf data cen-
ter on first floor, heavy broadband, 9-foot
ceiling; listed by Gabe Uhrig of Northstar
Commercial, 720-249-2249. Buyer’swebsite
is:
Property Location
: 17002 Main St., Parker,
“Shops at Olde Town”
Property Description
: 21,516-sf strip cen-
ter, YOC 2008, masonry
Land Size
: 2.37 acres
Sales Price
: $5.13M, or $238.20 per sf
Closing Date
: 6/26
Recording No.
: 2015043321
Grantor
: Spasco of Colorado LLC (Sanford
P. Aron, mgr.) 713-623-6944
Grantee
: Shops at Old Town Parker LLC
(Atulkumar R. Amin, mgr.)
Financing
: $3.5M payable to Everbank,
Jacksonville, FL, due 7/1/25
Comments
: Seller’s company is Hunting-
ton Properties based out of Houston. Ten-
ants include Kurosawa Japanese Dining,
Cornerstone Dental, Advanced Pet Care,
Hair Salon & UFC Gym. Lease rates are
$18 per sf triple net, with expenses at $6.50
per sf. Matt Call and Heather Taylor of
NavPoint Real Estate Group, 720-420-7530,
negotiated this transaction. Property sold
on a 6.9% cap rate with actual 9% vacancy
rate.
Property Location
: 2550 E. County Line
Rd., Highlands Ranch
Property Description
: 40,250-sf retail store
building, YOC 1986, masonry
Land Size
: 2.44 acres
Sales Price
: $3.4M, or $84.99 per sf
Closing Date
: 6/26
Recording No.
: 2015043826
Grantor
: Route III Hauppauge LLC (Rich-
ard Kolsch, mgr.)
Grantee
: Jason Joy LLC (Brent J. Simon,
mgr.) 303-741-4240
Comments
: Buyer is using the building for
his business, Colorado Style Home Fur-
nishing.
The Winslow Report
Continued from Previous Page
John V. Winslow, CRE, is president of Win-
Comps LLC and has more than 40 years’
experience in commercial
real estate. He can be
reached at 720-612-7878
or Colprop2012@gmail.
com. 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
