September 2-September 15, 2015 —
COLORADO REAL ESTATE JOURNAL
— Page 25AA
Property Location
: 3540 E. 31st Ave., Den-
ver
Property Description
: 20,127-sf YMCA
building, YOC 1974, & 7,350-sf recre-
ation building, YOC 1956, masonry con-
struction (land value)
Land Size
: 4.25 acres
Sales Price
: $3.65M, or $19.71 per sf
Closing Date
: 8/3
Reception No.
: 2015109190
Grantor
: Blue Rhino Investments Inc.,
Stephen Caragol, pres.
Grantee
: Skyland Village LLC, Patrick
Guinness, mgr., 720-231-1361
Financing
: $6.05M payable to First
National Bank
Comments
: Planned for 60 townhomes
on the remaining site, which contains
2.72 acres. Guinness resold 66,625 sf of
land located on the southern portion of
the original site containing 4.25 acres for
$2.64M, or $36.92 per sf. This transac-
tion was handled by Transwestern's Tom
Wanberg, 303-952-5592, and Stacy Brady,
303-952-5604.
Property Location
: E/S Wilson Ct.,
approx. 150’ N of E. 30th Ave., 3030 Wil-
son Ct. (3530 E. 31st Ave.,) Denver
Property Description
: Vacant land
Land Size
: 66,625 sf
Sales Price
: $2.64M, or $36.92 per sf
Closing Date
: 8/5
Reception No
: 2015109225
Grantor
: Skyland Village LLC, Patrick
Guinness, mgr., Patrick@guinnessdev.
com
Grantee
: Skyland Investment Group
LLC, Guy Brazell, mgr.
Financing
: $1.85M payable to First
National Bank
Comments
: See prior sale with Blue
Rhino to Patrick Guinness for $2.64 mil-
lion, containing 4.25 acres.
Property Location
: 3770 Joliet St., Den-
ver
Property Description
: 24,837-sf ware-
house (includes 3,150-sf office area) YOC
1967, six dock-high doors, 16’ ceiling
height, fenced, paved and lighted yard
Land Size
: 4.25 acres
Sales Price
: $2.85M, or $114.75 per sf
Closing Date
: 8/3
Reception No
: 2015107810
Grantor
: JAG Property LLC, Jonathan
Dougherty, mgr.
Grantee
: 3770 Joliet Street LLC, Thom-
as A. Jakobson, mgr., 212-533-1300, 11
Waverly Place, NYC, NY 10003
Financing
: Cash
Comments
: This property was listed by
Tom Myers, 303-512-1187, & Brandon
Paxton, 303-512-1165, of Unique Proper-
ties LLC-TCN Worldwide
Property Location
: 3800 Dahlia St., Den-
ver
Property Description
: 14,751-sf ware-
house/food storage building, YOC 1959,
food service with freezer/cooler space
and dry storage, floor drains, includes
2,000-sf office area, 12’ to 20’ ceiling
height, three dock-high doors, sprin-
kled, new roof in 2013, security system,
masonry construction
Land Size
: 27,310 sf
Sales Price
: $2.2M, or $149.14 per sf
Closing Date
: 7/13
Reception No
: 2015096359
Grantor
: Bruce & Nora Schrutt, c/o
Altamira Foods Inc., 303-394-4811
Grantee
: Cerrone Enterprises LLC, Mel-
odie Polidori Harris, mgr., 303-455-5701
Financing
: $2M payable to Guaranty
Bank & Trust
Comments
: The seller formerly occu-
pied this building and relocated to 6300
E. 39thAve., Denver. The seller’s website
is
. The buy-
er’s company is called Polidori Meat
Processors. The sellers terminated their
lease agreement with their company,
Altamira Food, via agreement record-
ed 2015096358 on July 13. See 1031
exchange property at 6300 E. 39th Ave.
for the seller.
Property Location
: 6300 E. 39thAve., Den-
ver
Property Description
: 29,376-sf ware-
house (includes 3,150-sf office area), YOC
1971, five dock-high doors, 18’ ceiling
height, one ramp door, fenced yard with
storage, twin-tee construction
Land Size
: 1.41 acres
Sales Price
: $1.95M, or $66.21 per sf
Closing Date
: 8/12
Reception No
: 2015112743
Grantor
: JDJ Investments Inc., John F. Fox,
II, VP, fka International Technifab Inc.
Grantee
: Bruce & Nora Schrutt
Financing
: $353,000 payable to Wells
Fargo Bank, NA, due 1/1/16.
Comments
: This building was listed by
Tom Myers, 303-512-1187 & Brandon Pax-
ton 303-512-1165, of Unique Properties
LLC-TCN Worldwide. The last address of
the seller was in Salt Lake City, UT, 801-
974-7684. The seller formerly occupied
this building and relocated to 4770 Ivy
Street, Denver. Bruce Schrutt (buyer) is
the owner of Altamira Food. The buyer’s
website is
This
was the downleg of the 1031 exchange for
the buyer.
Property Location
: 1859 York St., Denver
“Parkside Manor”
Property Description
: 11,247-sf, three-sto-
ry office/event center, YOC 1905, masonry
construction (3,000 sf was added in 1984)
Land Size
: 18,750 sf
Sales Price
: $2M, or $177.83 per sf
Closing Date
: 7/29
Reception No
: 2015111511
Grantor
: Indigena LLC (Davis B. Weidner,
mgr.)
Grantee
: 1859 York LLC, Cordell Pearce,
mgr.) 2300 Vine St., Denver
Financing
: $1.7M payable to grantor
Comments
: Onsite parking (32 spaces
allowed during the day and 70 spaces
available for evening events. This property
was listed by Keith Gantenbein of Mon-
terey Real Estate, 303-424-2231, while the
buyer was represented by Mike Tilley of
Tradewind Real Estate LLC, 303-629-0199.
Property Location
: 3101 W. 31st Ave. &
3055 N. Speer Blvd., Denver
Property Description
: 17,090-sf church,
YOC 1920, & 11,492-sf, 73-space parking
lot. The property was listed on the Nation-
al Register of Historic Places inApril 2004.
Land Size
: 26,542 sf
Sales Price
: $1.8M, or $105.35 per sf
Closing Date
: 8/7
Reception No
: 2015110549
Grantor
: Zen Center of Denver, Margaret
Sheehan, pres.
Grantee
: The Sanctuary Property Com-
pany LLC, Peter Hiett, 720-341-5060
Financing
: $1.25Mpayable to CoBiz Bank,
due 8/31/20, second deed of trust of
$150,000 @ 5% due 8/6/20
Comments
: Listed by Bill Riesing of Pin-
nacle Real Estate, 303-847-5179, and Alex-
ander Becker of Real Estate Consultants
of Colorado represented the buyer. The
buyer will use it for its church, Sanctuary
of Downtown. This property sold in 1998
for $460,000. Buyer’s website is www.
tsdowntown.com
Property Location
: SWC Argonne St. &
High Point Blvd., E/S Tower Rd., Denver
Property Description
: Vacant hotel/motel
land, zoned C-MU 20
Land Size
: 124,581 sf
Sales Price
: $1.49M, or $12 per sf
Closing Date
: 8/6
Reception No
: 2015110072
Grantor
: LNRCPI High Point LLC, Ricard
Kern, VP, 303-218-9500
Grantee
: Bronzite Investors LLC, Hamant
L. Patel, Dipakkumar Patel
Comments
: Proposed hotel. Buyer owns
Best Western Gateway at 800 S. Abilene
St., Aurora, 720-748-4800 or 303-332-8105.
Property Location
: E/S Tower Rd., north
of E. 68th Ave. (6792 Tower Rd.), Denver
Property Description
: Vacant hotel site,
zoned C-MU-20
Land Size
: 89,875 sf
Sales Price
: $1M, or $11.13 per sf, or $9,091
per room
Closing Date
: 7/29
Reception No
: 2015105544
Grantor
: LNRCPI High Point LLC, Ricard
Kern, VP, 303-218-9500
Grantee
: DIA Tower Road LLC, (Kausnik
N. Naik, pres.), c/o BaywoodHotels Texas
Financing
: $8.84M payable to Centennial
Bank (construction loan)
Comments
: Buyer is based in San Anto-
nio, TX, 210-340-9991, Cushman & Wake-
field, Steve Hager, 303-813-6446, was list-
ing broker. Plan to build 110-room hotel.
Property Location
: SWC E. 47th Ave. &
Tower Rd., Denver
Property Description
: Vacant restaurant
site, zoned C-MU-20
Land Size
: 43,996 sf
Sales Price
: $575,000, or $13.07 per sf
Closing Date
: 8/14
Reception No.
: 2015113618
Grantor
: C.P. Bedrock LLC, Steven I.
Honig, VP
Grantee
: United States Beef Corp., c/o
Arby's
Comments
: Buyer is based in Oklahoma
City and is planning anArby’s Restaurant.
Douglas County
Property Location
: 630 Plaza Dr. & 640
Plaza Dr., Highlands Ranch
Property Description
: 71,430-sf net rent-
able, two-story office building, YOC 2000;
84,043-sf three-story office building, YOC
2001, concrete panel construction, 155,472
sf total for both buildings “Highlands
Ranch Plaza I & II
Land Size
: 10.29 acres
Sales Price
: $17.7M, or $113.85 per sf
Closing Date
: 8/4
Reception No.
: 2015055277
Grantor
: IRET Properties, Michal A. Bosh,
EVP, 1400 31st Ave. SW, Suite 60, Minot,
ND 58701, 701-837-4738
Grantee
: LSREF4 Bison LLC, Bob Ricci,
mgr., c/o Lone Star Real Estate Funds
Comments
: Latest listing brochure shows
Matt Smith, 303-996-8460, of Vector Prop-
erty Services LLC listing 8,208 sf (non-con-
tiguous space) for $25 per sf. Smith also
has 22,918 sf for lease at 630 Plaza Drive.
Buyer has offices in several cities in the
world with corporate office in New York
City, 917-286-3300. Seller EVP and CFO is
Ted E. Holmes.
Property Location
: N/S Barranca Dr., 200’
east of Trail Boss Dr., Castle Rock
Property Description
: Vacant commercial
sites (two contiguous lots)
Land Size
: 2.95 acres
Sales Price
: $1.08M, or $8.37 per sf
Closing Date
: 8/14
Reception No.
: 2015113618
Grantor
: Crowfoot No. 2 LLC, c/o Park
Land Co.
Grantee
: Berengaria Castle Rock LLC, Jay
Peirick, partner, Chris Nolte, co-founder
Comments
: Buyer plans to facilitate a
build-to-suit for Goodwill Industries of
Denver. Dan Sisel is director of develop-
ment; Berengaria Development can be
reached at 414-585-8870.
Jefferson County
Property Location
: 1) 1606 Iris St.; 2) 9620
W. 16th Ave., 3) 9625 W. 25th Ave., Lake-
wood, “Elmwood Manor Apartments”
Property Description
: 48 units (two
buildings of 24 units each) with 44,180 sf,
YOC 1961, 22-unit apartment complex
with 20,578 sf, 23-unit apartment complex,
w/21,899 sf, YOC 1960 & 1955, masonry,
total 93 units w/86,657 sf
Land Size
: 4.14 acres
Sales Price
: $10.1M per unit, or $108,602
per unit, or $116.55 per sf
Closing Date
: 8/10
Reception No.
: 2015084120
Grantor
: Asher Ct Ltd., Michael L. Asher,
mgr., 303-971-0018
Grantee
: ElmwoodManagement, Bill Biv-
ens, mgr., c/o Gibraltar PropertyManage-
ment, 303-298-8993, et al.
Comments
: The listing broker was CBRE,
Inc. apartment team consisting of David
Potarf, 303-628-7414, Dan Woodward,
303-628-7417, Matt Barnett, 303-628-7422,
& Jake Young, 303-628-7426. The selling
broker representing Bivens and the other
buyers was Unique Apartment Group,
headed by Marc Lippitt, Scott Shwayder,
Kevin Higgins, Ryan Floyd, AdamRiddle,
Jason Koch and six other team mem-
bers, 303-321-5888. These two transactions
located at Iris & 16th for $10.1M and 4490
Yukon St. for $9.5M totaled $19.6 million
with 189 units, or $103,704 per unit, and
176,861 sf, or $110.82 per sf. Information
on these properties was taken from public
records only and income and expenses
were not available. The size of the build-
ings is considered gross building area vs.
rentable area.
Property Location
: 4490 Yukon Court,
Wheat Ridge “Yukon Court Apartments”
Property Description
: One 16-unit apart-
ment building, 15,334 sf, YOC 1961,
masonry construction; five 16-unit apart-
ment buildings, 14,974 sf each (74,870 sf),
total of 96 units with 90,204 sf, YOC 1961,
masonry, all two stories
Land Size
: 4.31 acres
Sales Price
: $9.5M, or $98,958 per unit, or
$105.32 per sf
Closing Date
: 8/10
Reception No.
: 2015084120
Grantor
: 4490 LTD LLC, Asher Manage-
ment, Michael L. Asher, 303-971-0018
Grantee
: ElmwoodManagement, Bill Biv-
ens, mgr., c/o Gibraltar PropertyManage-
ment, 303-298-8993, et al.
Comments
: The listing broker was CBRE
Inc. apartment team. The selling broker
was Unique Apartment Group. These
two transactions located at Iris & 16th
for $10.1M and 4490 Yukon St. for $9.5M
totaled $19.6M with 189 units, or $103,704
per unit, and 176,861 sf, or $110.82 per sf.
Property Location
: 7600-7674 Grandview
Ave. & 5601 Wadsworth Blvd.
Property Description
: 35,222-sf, three-
building, two-story office/retail complex,
includes office, retail and restaurant use,
YOC 2007, masonry construction
Land Size
: 1.81 acres
Sales Price
: $9M per unit, or $255.52 per sf
Closing Date
: 8/7
Reception No.
: 2015084120
Grantor
: Grandview Plaza Partners LLC
&Reno Place Partners, Richard R. Landon,
mgr., 303-394-3300, or richard@landonen-
terprises.net
Grantee
: One Park Centre RLLP, c/o
Sidwell Capital & Prime Management,
Bradley P. Brooks, brad@sidfordcapital.
com &Andy Woolf, SVP, 303-997-2593
Comments
: This was a 1031 exchange
handled by Carol Croft of Highlands 3815
LLC. RenoPlace sold for $1.98M, or $212.65
per sf, to Sidwell Capital and contained a
two-story brick office building constructed
in 2007, containing 9,311 sf. The tenants
includeArvada Urban Renewal Authority,
McMillan Claim Service. The 7600-7674
Grandview property sold for $7.02M, or
$270.93 per square foot, and contains two
buildings totaling 25,911 sf, on 1.68 acres.
This includes retail, restaurant and office
use. The three buildings share 91 parking
spaces. The property was 100% occupied
at time of sale. The 11.2-mile Gold Line
extends through Olde Town Arvada to
Ward Rd., originating from Union Station.
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
