Page 24AA —
COLORADO REAL ESTATE JOURNAL
— September 16-October 6, 2015
WinComps
Adams County
Property Location
: 1333 W. 120th Ave.,
Westminster, “One Park Centre”
Property Description
: 70,366-sf three-
story office building, YOC 1983
Land Size
: 3.25 acres
Sales Price
: $9.15M
Closing Date
: 8/30
Reception No
: 2015000072357
Grantor
: One Park Centre RLLP c/o
Prime Management, Andy P. Wolf, SVP,
303-997-2593, Brad Brooks, mgr., 303-
255-4700
Grantee
: NetREIT Westminster LLC,
Gary M. Katz, SVP, 866-781-7721
Comments
: Blake Kahlich, 303-997-2594,
of Prime Management listed building for
lease at $20 per sf prior to closing. Riki
Hashimoto, 303-260-4383, & Dan Groot-
ers, 303-260-4384, of Newmark Grubb
Knight Frank Capital Markets listed and
sold the building. See 1031 exchange for
Grandview Plaza & Reno Place in which
Prime Management purchased this
property. The building is 97% occupied
and contains a recently remodeled lobby
and restrooms. There are two elevators.
Property Location
: 1601 E. 73rd Ave.,
Denver
Property Description
: Vacant industrial
land, zoned I-1
Land Size
: 14.58 acres
Sales Price
: $1.72M, or $2.70 per sf
Closing Date
: 8/18
Reception No
: 2015000068297
Grantor
: Frank Joseph Mazzotti Trust,
George Victor Mazzotti, et al.
Grantee
: 1601 E. 73rd LLC
Comments
: Water & sewer in East 73rd
Avenue. Property listed by Tim Gilchrist
& Brian Wilkes of Cushman & Wake-
field, 303-292-3700. Property is located
on the north side of East 73rd Avenue
and approximately 600 feet west of Race
Street. Gilpin Way enters the southerly
end of the property and traverses the
site and runs along the westerly side of
the property line. Site is rectangular in
shape.
Property Location
: 5720 Holly St.
Property Description
: 50,000-sf ware-
house, YOC 1984, metal construction
Land Size
: 2.93 acres
Sales Price
: $2.6M
Closing Date
: 7/15
Reception No
: 2015000057011
Grantor
: Gannett Peak Investors LLC,
Thomas C. Fries, mgr.
Grantee
: SS Land Holdings 3 Holly
LLC, J. Herzog & Sons, 303-757-8811
Financing
: Cash
Comments
: Mary Herzog is CEO of J.
Herzog & Sons & Mark A. Huttner is
president of the company.
Property Location
: 12885 Quebec St.,
Thornton
Property Description
: Vacant commer-
cial site
Land Size
: 1.36 acres
Sales Price
: $525,000, or $8.86 per sf
Closing Date
: 7/17
Reception No
: 2015000057639
Grantor
: Compass Bank, Robert Fetters,
SVP
Grantee
: Drake Quebec Partners, Jon
Hauser, mgr.
Financing
: Cash
Comments
: Plans to build 8,845-sf, five-
tenant strip center. Property is locat-
ed on the west side of Quebec Street,
approximately 550 feet north of East
128th Avenue. Supercuts and Elvis Nails
have signed leases with two other leas-
es pending. Listing brokers are Scott
Steputis, Rich Otterstetter & Rhonda
Coy of Crosbie Real Estate.
Property Location
: 2140-2160 E. 88th
Ave., Denver
Property Description
: 16,752-sf strip
center, YOC 1970, masonry construction
Land Size
: 2.61 acres
Sales Price
: $1.43M, or $85.06 per sf
Closing Date
: 7/15
Reception No
: 2015000057331
Grantor
: 88th Avenue Professional
Building LLC, Timothy Losier, mgr.
Grantee
: LMD II LLC, Hyla & Daniel
Sloane, mgrs.
Financing
: $1.07M payable to Citywide
Banks
Comments
: Brandon Gouker of Pinnacle
Real Estate Advisors negotiated this sale
on behalf of the seller. Craig Michalik of
Re/Max represented the buyer.
Arapahoe County
Property Location
: 9000 E. Nichols Ave.,
Centennial, “Highland Court”
Property Description
: 93,055-sf, two-
story office building, YOC 1984
Land Size
: 5.52 acres
Sales Price
: $13.05M
Closing Date
: 8/21
Reception No
: 2015000072357
Grantor
: New Highland Court I LLC,
Gary F. Wilson & Christopher R. King,
mgrs., c/o DPC Co.,
-
nies.com, 303-796-8288
Grantee
: NetREIT Highland LLC, Ken-
neth W. Elsberry, CFO, 760-471-8536
Financing
: $7M due 9/1/22, payable to
CMFG Life Insurance Co.
Comments
: Riki Hashimoto, 303-260-
4383, & Dan Grooters, 303-260-4384, of
Newmark Grubb Knight Frank Capi-
tal Markets listed and sold the build-
ing. Blytheco LLC is major tenant along
with Cattlemen's Beef Promotion and
Research Board, Gomerdinger & Asso-
ciates. Last rental rate was quoted by
NGKF listing on 4,292-sf space @ $22
per sf full service. The property was 95%
occupied at time of closing.
Property Location
: 13055 E. Briarwood
Ave., Centennial
Property Description
: 121,430-sf, two-
& three-story miniwarehouse storage
buildings (3), stucco construction, YOC
1999
Land Size
: 3.1 acres
Sales Price
: $11.3M, or $93.06 per sf
Closing Date
: 8/19
Reception No
: D5095680
Grantor
: Riordan Colorado SP LLC,
Richard J. Riordan, mgr., et al., c/o Wil-
liam Warren Properties, Clark W. Porter,
CFO, 310-451-2130
Grantee
: PS Mountain West Two Inc.
c/o Public Storage Inc., Edward John
Reyes, CFO, David F. Doll, pres. of real
estate group at Public Storage, 818-244-
8080
Financing
: Assume balance of $8.37M
(as of 8/12) payable to U.S. Bank, NA, by
LNR Partners LLC. Deed of trust encum-
bered Westminster property also.
Comments
: Buyer paid a 1% assump-
tion fee, which was $83,705.19.
Property Location
: SWC South Dallas
Street & South Dayton Court, Aurora*
(3668 S. Dallas St.)
Property Description
: Vacant Land,
TOD site, planned high-density multi-
family
Land Size
: 8.85 acres
Sales Price
: $7.5M, or $19.45 per sf
Closing Date
: 8/21
Reception No
: D5095496
Grantor
: Nova Plaza LLC, 6897 Pai-
ute Ave., Suite ID, Niwot 80503, David
Chaknova, mgr., 303-440-6057
Grantee
: Dayton Station Investors LLC,
7100 E. Belleview Ave., Suite 304, Green-
wood Village, 80111, attn: Lawrence
Jacobson, mgr., 303-748-5466
Comments
: 3.08 acres sold for $2.5 mil-
lion, or $18.63 per sf, and are located
in the city of Aurora; 5.77 acres sold
for $5 million, or $19.88 per sf, and are
located in Greenwood Village, approxi-
mately 500 feet north of Interstate 225.
The blended price is $19.45 per sf. *This
property has been studied by both Auro-
ra and Greenwood Village and is located
approximately 700 feet north of the light-
rail station. The southerly site located
in Greenwood Village is directly north
of the RTD parking structure and the
owners have been in discussion with
city planners since they did their due
diligence on the property. Listing broker
was David E. Chaknova of Nova Realty,
303-440-6057.
Property Location
: 6089 S. Southlands
Parkway, Aurora
Property Description
: 7,399-sf restau-
rant, YOC 2007, masonry & rock const.
Land Size
: 1.83 acres
Sales Price
: $3.53M, or $477.50 per sf
Closing Date
: 8/19
Reception No
: D5095044
Grantor
: GMRI Inc., c/o Darden Restau-
rants, Laurie B. Burns, SVP, 407-245-4000
Grantee
: D & G Olive LLC c/o Corpo-
rate Offices, 133 Randolph St., Brooklyn
NY 11237, c/o Montbello Food Corp.,
800-935-8227
Comments
: The Boulder Group, Randy
Blankstein @ 847-562-0003, & Lee &
Associates, Daniel Barnes, principal,
314-400-4004, are representing the seller
on a portfolio of restaurant chains that
includes Olive Gardens throughout the
United States. Each property is listed
separately and has its own marketing
brochure. The list price on this property
was $3.56M and the price paid at clos-
ing by the purchaser was $31,973 less
the listing price, which reflected an “in-
place” cap rate of 5.55%. The lease term
is 15 years with five five-year options
with 1 percent annual increases per year.
Boulder County
Property Location
: South side of Can-
yon Boulevard, 410 feet east of Folsom
Street, Boulder
Property Description
: Vacant hotel site
Land Size
: 1.65 acres
Sales Price
: $4.35M, or $60.38 per sf
Closing Date
: 8/26
Reception No
: 03469921
Grantor
: GRI Village LP, Thomas A.
Gart, mgr.
Grantee
: Boulder Lodging LLC, Navin
C. Dimond, mgr., 303-785-3100, or ndi-
Financing
: Cash
Comments
: Buyer is with Stonebridge
Cos. and has developed thousands of
hotel units in the Denver metro area,
including a Courtyard hotel in Cherry
Creek, Hampton Inn hotel in Golden,
Doubletree Hotel in the DTC and many
others. According to Chris Manley,
COO of the company, no plans have
been determined. There was no broker
involved in the transaction.
Property Location
: W/S County Line
Road, approx. 1,044 feet north of High-
way 119, Longmont
Property Description
: Vacant commer-
cial and industrial land PUD-C & PUD-I
Land Size
: 23.79 acres
Sales Price
: $3.26M, or $3.14 per sf
Closing Date
: 8/21
Reception No
: 03468781
Grantor
: Jean E. Cowles, S. Reid Ludlow
& Gregory T. Ludlow, 1909 Sundance
Drive, Longmont CO 80504 c/o Greg
Ludlow, 303-675-1146, or ludlowgreg@
comcast.net
Grantee
: FHC Investors LLC, Richard
M. Groves, mgr., 303-678-0426
Comments
: There is an option or cov-
enant between FHC Investors LLC (sell-
er) and University of Colorado Health
(buyer) dated 6/12/15 and referring
to purchase and sale agreement dated
2/27/15. University of Colorado Health
plans to construct an approximately
50-bed, 150,000-sf hospital on the land.
See related sale of 44 acres that adjoin
this site directly to the south that FHC
Investors LLC sold to University of Col-
orado Health June 12 for $9.58M.
Property Location
: 1449 S. Public Road,
Lafayette
Property Description
: Vacant land
Land Size
: 3.9 acres
Sales Price
: $480,000, or $2.82 per sf
Closing Date
: 8/26
Reception No
: 03469981
Grantor
: SQ Venture LLC by: Sage Capi-
tal Corp., William B. Mark, pres.
Grantee
: Realty Consultants Inc., 1942
Broadway, Ste. 314, Boulder
Comments
: Located on northwest cor-
ner of South Public Road &Miners Drive
in Lafayette. Property was sold by Eric
Rutherford & Tom Hill of Wright King-
dom Real Estate.
Denver County
Property Location
: West Corner 18th &
Wewatta streets (1712 Wewatta St.)
Property Description
: Vacant land
Land Size
: 43,849 sf
Sales Price
: $20M, or $456.11 per sf
Reception No
: 2015117861
Grantor
: B Block Land Company LLC
by East West Partners Inc., Jay Dambi-
otte
Grantee
: The Coloradan Development
Company LLC, c/o Amstar, Gabe L.
Finke, CEO. & Kimberly J. Sperry, man-
aging director
Comments
: Lots 1-15, Block F, East Den-
ver, sold for $10 million in July 2014;
see 2014091181. Amstar has developed
properties in countries including India,
Turkey, Uruguay, Mexico, Ukraine, Rus-
sia and Poland as wells as cities in the
United States, including 10600 Westmin-
ster Blvd. (The Westin) in Westminster &
2785 N. Speer Blvd. in Denver. It owns
11.4 million square feet throughout the
world. It sold the Verve, located at 1490
Delgany St., and the Retreat at City
Center.
Property Location
: 7200 E. Quincy Ave.,
Denver
Property Description
: 59,986-sf, three-
story residential nursing and care center,
YOC 1998, masonry construction, with
assisted living
Land Size
: 3.59 acres
Sales Price
: $22.78M, or $379.80 per sf
Closing Date
: 8/12
Reception No
: 2015117315
Grantor
: Denver Retirement Residence
LLC by: Harvest Managing LLC, Scott
Shanabergter, CFO, 5885 Meadows
Road, Suite 500, Lake Oswego, OR 97035
Grantee
: SNR 27 Quincy Place Owner
LLC c/o Fortress Investment, 1345 Ave-
nue of the Americas, New York City, NY
10105, Attn: Justine Cheng
Financing
: $16.44M due 9/1/25, pay-
able to Walker & Dunlop
Property Location
: Southeast corner
Lowell Boulevard & West 38th Avenue,
3460-3480 W. 38th Ave., 3770 Lowell,
Denver
Property Description
: Misc. improve-
ments, land value
Land Size
: 126,369 sf
Sales Price
: $11.29M, or $89.35 per sf
Closing Date
: 6/11 & 5/22
Reception No
: See below
Grantor
: Sonrisa Holdings LLC, Eugene
R. Lucero, mgr., Living Trust Agreement
of Melody L. Ortega
Grantee
: 38th Street Apartments LLC,
CH Residential GP LLC, Sue O'Bannon,
VP, & Matthew D. Schildt, VP, c/o Tram-
mell Crow Residential, 3819 Maple Ave.,
Dallas
Financing
: $49.99M construction loan
payable to State Farm Life Insurance
Comments
: Three deeds recorded via
Reception Nos.: 2015066156, 2015078038,
2015078039; $340,000, $9.01M & $1.94M,
or a total of $11.29M. Also included
in the total area square footage is the
vacated alley, which contains 10,065 sf.
Property Location
: 1298 W. Alameda
Ave., 1304-1394 W. Alameda Ave., 1373
W. Nevada Place, Denver, “Best Car
Buys Ltd.”
Property Description
: 1) 13,750-sf
retail/warehouse, 10 8-by-10-foot and
two 10-by-12-foot drive-in doors, fenced
yard, YOC 1970, with 7,000-sf office area,
metal &masonry construction on 32,824-
sf fenced yard; 2) 20,645-sf two-story
auto dealer building, YOC 1980, mason-
ry construction & 37,500-sf parking lot
on 1373 W. Nevada Place
Land Size
: 142,724 sf
Sales Price
: $8.3M, or $241.31 per sf
Closing Date
: 8/21
Reception No
: 2015121346
Grantor
: BCB Real Estate Holdings Inc.,
The Winslow Report
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