Page 20AA —
COLORADO REAL ESTATE JOURNAL
— December 16, 2015-January 5, 2016
WinComps
Arapahoe County
Property Location
: 200 Inverness Drive
West, Englewood, “Inverness Hotel”
Property Description
: 302 hotel rooms
& suites with 344,125-sf, six stories, YOC
1988, including a 4,500-sf fitness center/
spa
Land Size
: 13.84 acres
Sales Price
: $58.28M, or $192,980 per
room, or $169.35 per sf
Closing Date
: 11/24
Reception No
: D5135176
Grantor
: 200 Inverness Drive West
Holding Corp., Bleecker P. Seaman III,
c/o Lowe Enterprises LLC, 310-820-6661
Grantee
: Silverwest-I Inverness LLC,
c/o Mariner Real Estate Management,
816-285-3872, Leawood KS 66211
Comments
: There are 251 standard and
deluxe guest rooms, 32 club-level rooms,
18 club-level suites & one presidential
suite. Ryan Anderson is co-president &
head of acquisitions, Rob Isselhardt is
VP of the acquisitions group, & Kyle
Siner is CFO of Mariner Real Estate
Management. Property adjoins 18-hole
Inverness Golf Course.
Property Location
: 6850 S. Versailles
Way, Aurora, “Canyons at Saddle Rock”
Property Description
: 263-unit, two-
& three-story apartment complex w/
277,373 sf, YOC 2008, masonry & stucco
construction, 467 parking spaces, includ-
ing 303 open, 93 direct-access garages,
28 detached garages, 30 carports and 13
garage breezeway, with a parking ratio
of 1.78 spaces per unit
Land Size
: 17.28 acres
Sales Price
: $56.75M, or $215,779 per
unit, or $204.60 per sf
Closing Date
: 11/24
Reception No
: D5137767
Grantor
: Denver MSAMultifamily DST,
c/o Inland Private Capital Corp., Daniel
W. Zatloukal, SVP, 888-671-1031
Grantee
: Moller RE Investors LLC,
Joseph E. Raphel, pres., c/o Braddock &
Logan Services Inc., 925-736-4000
Financing
: $24.47M payable to Wells
Fargo Bank CRE
Comments
: This transaction was negoti-
ated by the ARANewmark team includ-
ing Jeff Hawks, DougAndrews, Terrance
Hunt, Shane Ozment & Anna Stevens.
There are 28 one-bed/one-baths @ 723 sf
that rent for $1.35 psf, 54 one-bed/one-
baths @ 774 sf that rent for $1.33 psf, six
one-bed/one-baths @ 886 sf that rent for
$1.24 psf, 30 one-bed/one-baths/garage
@ 970 sf that rent for $1.24 psf, 16 one-
bed/one-baths/den @ 1,041 sf that rent
for $1.19 per sf, 48 two-beds/two-baths
@ 1,086 sf that rent for $1.22 psf, 20 two-
bed/two-baths/garage @1,262 sf that
rent for $1.26 per sf, 10 two-bed/two-
baths @ 1,335 sf that rent for $1.14 psf, 16
two-bed/two-baths @ 1,413 sf that rent
for $1.18 psf. There are eight three-bed/
two-baths @ 1,336 sf that rent for $1.24
psf, two three-bed/two-baths/garage
@ 1,336 sf that rent for $1.30 psf, three
three-bedrooms/two-baths/garage @
1,345 sf that rent for $1.36 psf & 22
three-bed/two-baths/garage @ 1,530 sf
that rent for $1.25 psf. The average unit
contains 1,055 sf and rents for $1.25 psf.
The expenses on this building average
$5,474, not including capital reserves.
Property Location
: 18501 E. Hampden
Ave., Aurora, “Seven Hills Sonic”
Property Description
: 1,486-sf Sonic
Drive-in, YOC 1999, masonry construc-
tion
Land Size
: 1.33 acres
Sales Price
: $4.1M, or $2,759 per sf*
Closing Date
: 11/30
Reception No
: D5137836
Grantor
: Cedar Holdings LLC, John
Platten, mbr.
Grantee
: Yarmouth Properties & LIG
Investments LLC, Judith L. Vickers, mgr.
Comments
: Listed and sold by Drew
Issac of Marcus & Millichap, 303-328-
2048. There is a memorandum of lease
dated 11-30 between the buyer and SDI
of Seven Hills LLC, John P. Platten, mgr.
Platten operates 19 Sonic restaurants in
the Denver metro area. The lease, com-
mencing 11-30-15, is for 14 years & three
months, with an option to extend for
three additional five-year periods. The
in-place NOI reflects a cap rate of 6.08%,
which includes a 1% increase per year in
the rental rates. *Issac has already sold
three of these properties, but this one is
the highest price paid per sf in the histo-
ry of fast-food restaurants that have sold
in the Denver metro area. He has several
Sonic restaurants listed and/or under
contract. The arrangement is the owner
(grantor) creates a new lease and does a
sale-leaseback of his Sonic restaurants.
His offerings range from 6% to 6.25%
in-place cap rates. For more information,
contact Issac, 303-328-2048.
Property Location
: 15504 E. Arizona
Ave., Aurora
Property Description
: 24-unit, three-
story apartment w/24,264 sf, YOC 2013,
brick/frame construction, all two-bed-
room units
Land Size
: 1.3 acres
Sales Price
: $3.45M, or $143,750 per
door, or $142.19 per sf
Closing Date
: 11/30
Reception No
: D5131071
Grantor
: MGB Development LLC, Mat-
thew G. Bliss, mbr.
Grantee
: 15504 East Arizona Avenue
Partners LLC, c/o Pinnacle Real Estate
Advisors, Justin Brockman, mgr.
Financing
: $2.59M @ 4.2%, due 12-10-25,
payable to FirstBank
Comments
: J.B. Hochman & Justin
Brockman of Pinnacle Real Estate Advi-
sors represented the buyer. The approxi-
mately 1,010-sf units rent for $1,250 per
month, or $1.24 per sf.
Boulder County
Property Location
: 6797-6837-6899 Win-
chester, Boulder
Property Description
: 113,016-sf indus-
trial/office buildings
Land Size
: 7.68 acres
Sales Price
: $11.55M, or $102.20 per sf
Closing Date
: 11/17
Reception No
: 03486467
Grantor
: Sovereign Borealis H LLC,
Todd Mikles, mgr.
Grantee
: Winchester LLC by: Carr Gott-
stein Properties LP, Robert A. Mintz,
mgr.
Financing
: Assumption of $8.61M bal-
ance as of 9/1/15, Wells Fargo Bank NA
Comments
: This sale was negotiated
by Scot Smith,
,
and Audrey Berne, ab@coloradogroup.
com, of The Colorado Group, 303-449-
3121. 6797 Winchester is a 35,870-sf,
single-story office/flex/R&D/manufac-
turing facilty with fractured-block con-
struction, YOC 1985. 6837 Winchester
is a single-story, single-tenant, high-bay
office/assembly/warehouse facility,
constructed in 1993 with precast con-
crete panels. 6899 Winchester is a 38,332-
sf, two-story office facility with small
R&D lab. This building was constructed
in 2001 with precast concrete panels. It
has a 2.96:1 land-to-building ratio. Buyer
is located in Anchorage AK, 907-564-
2424.
Property Location
: Vicinity of SEC of
Sundance Drive & Ute Road, Longmont
Property Description
: 88 vacant resi-
dential lots
Land Size
: 14.93 acres +/-
Sales Price
: $3.25M, or $36,932 per lot,
or $5 per sf
Closing Date
: 11/13
Reception No
: 03486013
Grantor
: Lennar Colorado LLC, Russell
Crandall, VP
Grantee
: Elacora Provenance LLC
Comments
: Lennar purchased the prop-
erty, containing 76.19 acres, from Prov-
enance 66 LLC, Jeffrey Handlin, repre-
sentative, July 24, 2014, for $6.78M, or
$30,000 per lot, or $2.04 per sf. The site
was paper-platted at the time of sale.
Property Location
: 880 Weaver Park
Road, Longmont
Property Description
: 12,000-sf indus-
trial building including 1,750-sf office
area, 18’ clear, two 16’ overhead doors,
fenced yard, YOC 1996, metal construc-
tion
Land Size
: 1.12 acres
Sales Price
: $1.25M, or $104.17 per sf
Closing Date
: 11/17
Reception No
: 03486128
Grantor
: Weaver 880 LLC, Jerry A. Mor-
rison, mgr.
Grantee
: 880 Weaver Park LLC, John &
Alexandra Fischer, mgrs.
Financing
: $1 million payable to Wells
Fargo Bank NA, due 12-9-25
Comments
: This sale was negotiated
by Mike Baucom, 303-775-9529, and
Cole Grissom, 303-396-5820, of Structure
Group.
Property Location
: 372 Main St., Long-
mont
Property Description
: 4,554-sf, two-sto-
ry retail building, YOC 1886, brick const.
Land Size
: 2,973 sf
Sales Price
: $525,000, or $115.28 per sf
Closing Date
: 11/19
Reception No
: 03486718
Grantor
: Cohen Longmont Investment
LLC & LP1 LLC, Steve M. Cohen &
David H. Johnson, mgrs.
Grantee
: Red Clay LLC, c/o Oskar
Blues, attn: Chelsea Hammonds
Comments
: This sale was negotiated
by Gibbons-White, Greg Glass, 303-586-
5927, & Michael-Ryan McCarty, 303-
586-5939. Oskar has a bar/restaurant in
Lyons and plan to open at this site.
Denver County
Property Location
: 3300 S. Tamarac
Drive, Denver, “Tamarac Village Apart-
ments”
Property Description
: 564-unit, three-
story, 14-building apartment complex
with 411,129 sf, YOC 1977, masonry &
frame construction
Land Size
: 25.16 acres
Sales Price
: $74M, or $131,206 per unit,
or $180.05 per sf
Closing Date
: 11/24
Reception
: 2015163993
Grantor
: Tamarac-Hampden Fee Owner,
c/o TruAmerica MF LLC, Robert Hart
Grantee
: Gelt Tamarac Fee Owner LLC,
c/o Gelt Ventures LLC, 818-676-9362
Financing
: $55.61M payable to CBRE
Capital Markets, c/o GEMSA Loans Ser-
vices LP, Houston TX, due 12/1/25
Comments
: Deal was brokered by
David Martin & Pamela Koster of Moran
& Company. Greg Campbell, director
of acquisitions for the seller, indicated
they spent $6M on renovations of the
property. There are 210 studios, 397 one-
bedroom units and 147 two-bedroom
units. Buyers are Steve Wasserman,
Keith Wasserman & Damian Langere.
The average unit size is 729 sf, and there
are 168 carport parking spaces and 816
open spaces. There also are 16 handicap
parking spaces.
Property Location
: 2777 Mile High Sta-
dium Circle, Denver, “Urology Center of
Colorado”
Property Description
: 55,100-sf, three-
story medical building, YOC 2006, con-
crete and steel panel construction
Land Size
: 3.02 acres
Sales Price
: $35.15M, or $637.93 per sf
Closing Date
: 11/25
Reception No
: 2015166503
Grantor
: TUCC Medical Center Joint
Venture LLC, c/o Charter Realty Group,
Arnold L. Porath, tr. of Porath Family
Trust & Quorum Realty Fund VI LLC,
by: Michael A. Furlotti, manager, 310-
826-3174
Grantee
: NH22-MHSC LLC, c/o Olym-
pus Ventures LLC, attn: Kevin S. Berg-
man, trustor of Schulze Family Founda-
tion, 952-324-8900, Mike Bader, acquisi-
tions, 952-324-8947, & Chris Keenan,
CCIM, dir. of acquisitions, Minneapolis
MN 55416
Financing
: Executed $21M note to PNC
Bank NA
Comments
: The prior sale was for $23.25
million in September 2010, handled by
Chris Bodnar & Geoff Baukol. County
shows gross building area to be 59,511
sf. This transaction was handled by
Chris Bodnar & Lee Asher of CBRE Inc.
Also see
.
org for more information about Richard
Schulze and the Schulze Family Trust.
Schultz started Best Buy Stores in 1983.
Property Location
: 197 E. Mississippi
Ave., Denver, “Sprouts Farmers Market”
Property Description
: 27,217-sf, single-
tenant retail building, YOC 2015. There
are 90 parking spaces, or 1 space per
300 sf of building area. The park to the
north contains 21,970 sf and is 100%
landscaped area.
Land Size
: 66,451 sf (net developable
area)
Sales Price
: $13.1M, or $481.03 per sf
Closing Date
: 11/18
Reception No
: 2015162208
Grantor
: Platte Market LLC, c/o
Cadence Capital Investments, Gregory
B. Ham, COO, 720-493-5100
Grantee
: Denver SCCA LLC, D. Bar-
rett Watkins, mgr., c/o Stevens Creek/
Cupertino Associates LLC, Watkins
Commercial Properties, Orange, CA
Financing
: Executed $6.4Mnote @ 4.37%,
payable $31,935 per month, amortized
over 30 years, balloon in 10 yrs. payable
to RGA Reinsurance Company
Comments
: APN 05156-27-003; property
was listed and sold by CBRE Inc., with a
15-year triple-net lease. The store opened
Aug. 26. Cadence Capital purchased the
land Nov. 17, 2014, for $3.7M, or $41.85
per sf. The seller was LUI Denver Broad-
way. Denver County shows the address
to be 1090 S. Lincoln St. Lender is based
out of Chesterfield, MO 93017-1706.
Property Location
: 2390 W. Alameda
Ave., or 400 S. Zuni St., Denver
Property Description
: 118,465-sf retail
building, YOC 2009, masonry construc-
tion
Land Size
: 12.4 acres
Sales Price
: $9.1M, or $76.82 per sf
Closing Date
: 10/29
Reception No
: 2015152545
Grantor
: Alameda Square Investors
LLC, Rick Campbell, mgr.
Grantee
: Costco Wholesale Corp., 999
Lake Drive, Issaquah, WA 98027
Comments
: Buyer is owner-user. Prop-
erty was vacated by Lowes in 2011.
Property Location
: 4900-4990 Acoma
St., Denver
Property Description
: 108,271-sf indus-
trial building, YOC 1960, metal const.
Land Size
: 3.53 acres
Sales Price
: $5.85M, or $54.03 per sf
Closing Date
: 11/20
Reception No
: 2015162914
Grantor
: Creager-Acoma Ltd, 4900
Acoma St., Unit B, 80216, Donald L.
Creager
Grantee
: 1415 Lawrence Arapahoe Ltd.,
5161 E. Arapahoe Road, Suite 320, Cen-
tennial, 80122,
,
Deborah A. Buescher, 303-694-0060
Financing
: *Subject to $2.61M executed
1-28-15, payable to First American Bank,
due 2-5-22
Comments
: *Loan was not released at
the time of closing, however, it may take
weeks to have this loan released and this
deal may be considered a cash transac-
tion.
Property Location
: 4201 E. Iliff Ave. &
4200 E. Warren Ave., Denver
Property Description
: 50,824-sf school,
YOC 1983 (land value)
Land Size
: 145,706 sf
Sales Price
: $4.5M, or $30.88 per sf, or
$56,962 per buildable unit
Closing Date
: 11/19
Reception No
: 2015154245
Grantor
: Denver Christian Schools
Grantee
: Century at Observatory
Heights LLC, c/o Century Communi-
ties, 303-770-8300
Comments
: Gabe Uhrig of Northstar
Commercial Partners, 303-893-9500, rep-
The Winslow Report
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