Page 14AA —
COLORADO REAL ESTATE JOURNAL
— October 21-November 3, 2015
WinComps
Adams County
Property Location
: 10000 Grant St., Thorn-
ton, “Shoppes on Grant”
Property Description
: 19,320-sf strip center,
YOC 2008, brick/stucco construction
Land Size
: 4.01 acres
Sales Price
: $6.36M, or $329.03 per sf
Closing Date
: 9/22
Reception No
: 2015000079001
Grantor
: Steel Properties LLC
Grantee
: CHRetail Fund I Thornton Shop-
pes On Grant LLC, Matt Schildt, managing
director for Trammell Crow
Comments
: The property is a shadow-
anchored center of Wal-Mart. Seller was
represented by Matt Ritter & Jeff John-
son of Pinnacle Real Estate Advisors LLC.
The tenants include Buffalo Wild Wings,
Qdoba, Firehouse Subs & Cricket, with
4,000 sf available for lease. The buyer was
represented by SRS Real Estate Partners
and the property is listed for lease; contact
Eric Diesch or Molly Bayer @ 303-572-1800.
Property last sold for $5.26M, or $272.39
per sf. The property showed a growth rate
in value of 20.8% since the last transaction
nearly 34 months ago.
Property Location
: 6400 Broadway, Den-
ver
PropertyDescription
: 70,141-sfwarehouse,
YOC 1984, twin-tee construction
Land Size
: 4.01 acres
Sales Price
: $5.55M, or $79.94 per sf
Closing Date
: 9/25
Reception No
: 2015000080104
Grantor
: Westcore Broadway LLC, c/o
Westcore Properties, Donald Ankeny, 858-
Grantee
: 6400 Broadway Street Investors
LLC, c/o UBS Realty Investors LLC, 415-
538-4800
Comments
: This property sold two years
ago for $4.28M, thus reflecting growth of
29.82% for the current sold price. The par-
ties were involved in three transactions
totaling $37.5M for 485,316 sf in six build-
ings located in Denver, Jefferson & Adams
counties, reflecting a weighted price of
$77.27 per sf or a cumulative growth of
28.9% for all three properties as of Septem-
ber.
Property Location
: 12900 E. Smith Road,
Aurora
Property Description
: Vacant industrial
land
Land Size
: 22.018 acres, zoned M-1
Sales Price
: $4.19M, or $4.37 per sf
Closing Date
: 9/28
Reception No
: 2015000081271
Grantor
: Furniture Row Colorado LLC,
GregoryA. Ruegsegger, mgr.
Grantee
: BCP Aurora LLC, c/o Brook-
wood Capital, Joseph McSweeney & Lind-
say Sewell, mgrs., 919-239-4665
Financing
: $20.25M (construction loan) due
9-29-17, payable to UBS Realty
Comments
: Property is on the northeast
corner of Baranmor Parkway & Scranton
Street, fronting on the south side of Smith
Roadwith 1242.7’ of frontage. Propertywas
listed byMikeWafer, SIOR, BruceMawhin-
ney & Michael Wafer Jr. of Newmark
GrubbKnight Frank.A290,132-sf industrial
building is proposed (BTS), with 37 dock-
high doors (9’x10’) and two drive-in doors
(12’x14’), with 32’ clear height and 73 trailer
parking spaces. Property has been replatted
to Lot 1, MBT Subdivision Filing No. 7. See
2015000081272.
Property Location
: 2475 W. Second Ave.,
Denver
Property Description
: 152,890 sf; four
warehouse buildings, YOC 1971, twin-tee
construction
Land Size
: 7.12 acres
Sales Price
: $11.45M, or $74.89 per sf
Closing Date
: 9/25
Reception No
: 2015135359
Grantor
: Westcore Broadway LLC, c/o
Westcore Properties, Donald Ankeny, 858-
625-4100, or Denver office, John Fefley, jfef-
303-721-7600
Grantee
: 6400 Broadway Street Investors
LLC, c/o UBS Realty Investors LLC, 415-
538-4800
Comments
: The four buildings contain
20,930 sf, 41,004 sf, 50,240 sf & 40,716 sf.
The seller’s website shows the building
addresses to be: 2390 W. Fourth Ave.,
2475 W. Fourth Ave., 2480 W. Fourth Ave.,
2500 W. Fourth ve., Denver, Bryant Street
Quad, while the Denver Assessor shows
one address as 2475 W. Second Ave., Den-
ver. This property sold for $8.75M, or $57.23
per sf, two years ago, reflecting an increase
of 30.86% in the value.
Arapahoe County
Property Location
: 161 Inverness Drive
East, Englewood
Property Description
: Four-story, 214,139-
sf office building, YOC 1982, aggregate
siding and glass panels with a two-story
parking garage with 149,112 sf
Land Size
: 7.08 acres
Sales Price
: $35.98M, or $168 per sf
Closing Date
: 10/1
Reception No
: D5112510
Grantor
: Legacy Partners II Inverness LLC,
Rick Wada, VP
Grantee
: 116 Inverness Drive East LLC,
c/o Cordia Capital Management LLC,
Kathleen Briscoe, chief real estate invest-
ment officer, 310-414-0006
Comments
: Exterior upgrades completed
in 2006, with on-site fitness center and
3.7:1,000 parking ratio with covered park-
ing. Lease rates quoted at $22 to $24 per sf
full service. Nick Nkioghosyan is involved
with acquisitions for the firm. Most recent
CBRE leasing brochure shows a vacancy
rate of 6.3%.
Property Location
: NWC South Logan
Street & East Dry Creek Road
Property Description
: Vacant land, 352
units planned
Land Size
: 7.48 acres
Sales Price
: $9.9M, or $30.39 per sf, or
$28,125 per unit
Closing Date
: 9/17
Reception No
: D5106416
Grantor
: WIP Littleton Village LLC,
c/o Watt Investment Partners, Michael
Downes, mgr., o
310-314-2444, Santa Monica CA90405
Grantee
: PPF AMLI Littleton Village LLC,
200 W. Monroe St., Ste. 2200, Chicago IL
60606, attn: Andrew Mutz, 303-225-2807 or
3.93 acres with 186
units allowed and Lot 2 = 3.554 acres with
169 units allowed for a total of 7.48 acres
with 352 units proposed. There will be
three residential buildings that front East
Dry Creek Road and South Logan Street,
which will be three and four stories high.
The north building will contain 7,800 sf of
retail space on the first floor with residential
on the second and third floors. There will
be 543 parking spaces, of which 412 are
structured parking, 72 in parking garages,
52 surface spaces and seven spaces for pro-
spective tenant parking. The unit mix will
be 14 studios, 176 one-bedroom units, 144
two-bedroom units and 18 three-bedroom
units.
Property Location
: 909-943 Telluride St. &
908-950 Salida Way, Aurora
PropertyDescription
: 60,800-sfwarehouse,
YOC 1998, masonry construction
Land Size
: 3.28 acres
Sales Price
: $4.4M, or $72.37 per sf
Closing Date
: 10/5
Reception No
: D5106416
Grantor
: Merritt Realty Capital LLC
Grantee
: Advanced Properties Services, Ty
Correy, 303-756-7663
Financing
: $3.25M payable to Bellco Credit
Union, due 10-5-25
Comments
: Tim Finholm & Sam Leger of
Unique Properties LLC-TCN Worldwide
represented the parties in this transaction,
303-321-5888. The property was 100%
leased at time of sale. Using a stabilized
vacancy of 5%, the cap rate is 7.5%. Buyer is
the president of Advanced Exteriors.
Property Location
: NEC South Jordan
Road & East Arapahoe Road, “Kneaders
Bakery”
Property Description
: 4,062-sf restaurant,
YOC 2015, brick/stucco construction
Land Size
: 1.33 acres
Sales Price
: $2.64M, or $649.03 per sf
Closing Date
: 9/17
Reception No
: D5106416
Grantor
: FFG Development LLC, Andrew
Smith, mgr.
Grantee
: 236 South Sierra LLC, Bainbridge
IslandWA98110
Comments
: Sale-leaseback from grantor’s
company, Kneaders Bakery & Café, and
the grantee. The lease is 15 years with
10% bumps every year with four five-year
renewal options. The tenant is Kneaders
Bakery and Café. Similar Kneaders have
had from 5.5% to 6.5% “in-place” cap rates.
Boulder County
Property Location
: 950 28th St., Boulder,
“The Province” (student housing)
Property Description
: 317 bedrooms with
146,516 sf, four-story student housing
building with 50,626-sf basement parking
garage, YOC 2013
Land Size
: 2.75 acres
Sales Price
: $48.8M, or $153,943 per bed-
room, or $330.07 per sf (cash deal)
Closing Date
: 9/15
Reception No
: 03473606
Grantor
: University Residences Boulder
LLC, 495 S. High St., Suite 150, Columbus
OH43215, by: EdwardsAssociates Boulder,
JohnA. Leibold, VP, 614-241-2070
Grantee
: Province Boulder CO LLC, 999
S. Shady Grove, Suite 600, Memphis, TN
38120. Se
/o EdR, 901-
259-2500.
Comments
: Four two-bedroom floor plans
contain 830 sf and rent for $1,210 each; 11
three-bedroom floor plans contain 1,157
sf and rent for $1,045 each. There are 69
four-bedroom floor plans: 1,560 sf start-
ing at $983/mo. each; 1,475 sf starting at
$988/mo.; 1,399 sf starting at $980/mo. and
1,430 sf starting at $954/mo. See prior sale
recorded 03239804, which sold for $3MJuly
27, 2012.
The parking rents for $70/mo. Jeffrey
Resetco is VP of real estate development
and construction, 901-259-2500, or jresetco@
edrtrust.com, & Scott Barton is VP of real
estate acquisitions,
,
& Charles Harris is senior VP of real estate
development and contact for theUniversity
of Colorado Boulder.
Property Location
: 3155 Sterling Circle,
Boulder
Property Description
: 13,762-sf, two-story
industrial building, YOC 1999, concrete
panel construction, 26’ clear, sprinkled,
three dock-high doors with levelers
Land Size
: 1.01 acres
Sales Price
: $2.36M, or $171.63 per sf
Closing Date
: 9/30
Reception No
: 03476650
Grantor
: Harrison Realty Partners LP,
Lewis Harrison &Marjorie Harrison, GP
Grantee
: WHCHoldings LLC, c/o Stepha-
nie Carter & Lenya Shore Plavec
Financing
: $1.77M payable to Guaranty
Bank & Trust Co.
Comments
: The building was listed by
Jason Kruse, CCIM, of The Colorado
Group, 303-449-2131, Ext 149. Buyer contact
is Wallaroo Hat Co.,
com, 303-494-5949.
Property Location
: 455 W. South Boulder
Road, Lafayette, “Wendy’s”
Property Description
: 3,396-sf fast-food
restaurant, YOC 1984, updated 2015
Land Size
: 0.96 acres
Sales Price
: $2.78M, or $811.14 per sf
Closing Date
: 9/30
Reception No
: 03477117
Grantor
: SP Colorado Food Service LLC,
Paul Daneshrad, mgr.
Grantee
: Harry Vamos, trustee of the
Harry Vamos 2012 Irrevocable Gift Trust,
Santa Barbara CA93109
Comments
: The building was listed by
CBRE Inc., PatrickWade, 213-613-3071. The
in-place cap rate, not including vacancy or
reserves, was 5.05%, with 10% increases
every five years. This is a 20-year lease
that expires June 25, 2035, and has four
additional periods of five years each. See
Memorandum of Lease via Reception No.
0345519. The tenant, Bodan Inc., Daniel
K. O’Brien, has 42 retail stores and is con-
sidered a strong franchisee with personal
guarantee. This was a cash transaction.
Property Location
: N/S Park Ridge Ave-
nue, 847’ east of Main Street, Longmont
Property Description
: Vacant multifamily
land, plan for 240 units
Land Size
: 12.35 acres*
Sales Price
: $1.73M, or $3.22 per sf, or
$7,219 per buildable unit
Closing Date
: 9/30
Reception No
: 03476689
Grantor
: Wal-Mart Stores Inc., Jaime How-
ell, director of land development
Grantee
: Copper Peak Apartments LLC,
c/o InlandGroup, SpokaneWA99201, attn:
Robert Ketner, 509-321-3204
Comments
: Inland Group will construct
a 240-unit apartment complex totaling
243,732 sf, which includes 10 three-story
buildings, nine garage buildings, seven
carport structures, an outdoor pool and
playground structure. There will be a total
of 494 parking spaces. T.J. Baseler of Inland
Construction is the project manager, 509-
321-3227 o
*Does not include ROW of 1.17 acres and
detention area of 2.23 acres. The unit mix is
as follows: There will be 48 one-bedroom/
one-bath units of 695-697 sf; 36 two-bed-
roo/one-bath units @ 866 sf; 66 two bed-
room/two-bath @ 937 sf; 36 units @ 965
sf with two bedrooms, two baths; and 54
units @ 1,207 sf with three bedrooms, two
baths.
Denver County
Property Location
: 1430 Wynkoop St.,
Denver
Property Description
: 44,604-sf, four-story
office building, YOC 1890, brick construc-
tion, originally built as a warehouse and
later renovated for office
Land Size
: 24,188 sf
Sales Price
: $21M, or $470.81 per sf
Closing Date
: 9/30
Reception No
: 2015138846
Grantor
: Wynkoop Building LLC by:
Messner Group, Bryant S. Messner, mgr.,
303-623-1800
Grantee
: Unico BOP 1430 Wynkoop
LLC, c/o Unico Properties LLC, Austin
Kane, regional director and VP, AustinK@
unicoprop.com or 303-713-1900, Ext. 100.
Comments
: The building was used by the
William Volker Company until 1974 and
then sold toKarman Inc., awholesale cloth-
ing manufacturer. They used the building
until 2000, when it sold to the Messner
Group. The building is listed as a contrib-
uting structure to the Lower Downtown
National Register Historic District.
Property Location
: Northwest corner of
East Second Avenue and Clayton Street,
(2641-2645-2659 E. Second Ave. and 229
Clayton St.), Denver
Property Description
: 2641 E. Second Ave.
building: 4,236-sf, single-story restaurant
building, YOC 1968, updated recently;
(2645 E. Second Ave. building): 5,795-sf,
two-story office/retail building, YOC 1968,
brick & masonry construction; 211 Clayton
building: total of 11,679 sf; Deed 2: 1,648-sf,
two-story office/retail building, YOC 1983,
brick construction; 227-229 Clayton build-
ing: 1,600-sf retail building plus basement
area, YOC 1968, brick constrution, total of
13,279 sf of space.
Land Size
: 25,000 sf
Sales Price
: $13.75M, or $1,035.47 per sf
(improvements), or $550 per sf (land)
Closing Date
: 9/17
Reception No
: 2015131507 & 2015131506
Grantor
: Cherry Cricket Land LLC, c/o
Breckenridge-Wynkoop LLC, Lee F.
Land II LLC, Cherry Creek Tailor LLC,
Sinan Sahin, mgr., & Triple Y LLC, Ching
Yun Lee, mgr.
Grantee
: Unico BOP Second & Clayton
LLC, c/o Unico Properties LLC, Austin
Kane, regional director and VP, AustinK@
unicoprop.com or 303-713-1900, Ext. 100.
Comments
: Buyer's corporate office is
located in Seattle, Washington, and Ned
Carner, 206-628-5050, is signer on docu-
