Page 44 —
COLORADO REAL ESTATE JOURNAL
— January 6-January 19, 2016
WinComps
Adams County
Property Location
: Northwest corner of
E-470 & East 32nd Parkway, also fronts
the east side of Picadilly Street, unincorpo-
rated Adams County
Property Description
: Vacant land
Land Size
: 528.57 acres
Sales Price
: $5.75M, or $10,878 per acre
Reception No.
: 2015000097358
Closing Date
: 11/18
Grantor
: Linda A. Grimm
Grantee
: Majestic Commercenter II, c/o
Majestic Realty, Randy Hertel, EVP
Comments
: Kirk Vanino & Taylor Hazard
of Cushman & Wakefield handled the
sale for the seller and will work directly
with the buyer in marketing the site. The
buyer can be reached via email at RHer-
or 303-574-8901.
Majestic Realty was formed in 1948 and
Edward P. Roski Jr. is president and chair-
man of the board. It is based in City of
Industry, CA 91746-3497, and the phone
number is 562-692-9581.
Property Location
: 7626 Brighton Road,
Commerce City
Property Description
: 24,539-sf, two-story
auto dealership showroom and 27,500-sf
service garage, YOC 1979, total of 52,039
sf, metal construction w/masonry
Land Size
: 7.8 acres
Sales Price
: $5.22M, or $100.40 per sf
Reception No.
: 2015000097817
Closing Date
: 11/16
Grantor
: APCO 12 LLC, Jane Mervine, VP
Grantee
: Bruckner Truck Sales Inc., 877-
317-4164
Comments
: Vacant building as Transwest
Trucks (grantor) is relocating to new site in
the area. The property was rezoned to I-2
for the entire site. Property is located on
the northeast corner of East 76thAvenue &
Brighton Road. (See related sale recorded
2015000042928 on 6-5-15.)
Property Location
: 1575 Galena St., Auro-
ra, “Nordic Arms Apartments”
Property Description
: 47-unit, three-sto-
ry apartment building w/32,445 sf, YOC
1971, masonry construction
Land Size
: 31,790 sf
Sales Price
: $3.3M, or $70,213 per door, or
$101.71 per sf
Reception No.
: 2015000092779
Closing Date
: 11/2
Grantor
: 1575 Galena Partners LLC, Marc
Lippitt, mgr., 303-321-5888
Grantee
: Avi Schwalb, 7315 E. 17th Ave.,
Denver 80220
Comments
: Last sale occurred June 1,
2015, for $1.92 million, or $40.851 per unit.
Property was listed by the Unique Apart-
ment Team, 303-321-5888.
Property Location
: 6360 E. 63rd Ave.,
Commerce City, “Palmer Garden Apart-
ments”
Property Description
: Two 12-unit, three-
story apartment buildings w/12,408 sf
each, YOC 1982, brick construction, total
24 units with 24,016 sf
Land Size
: 35,284 sf
Sales Price
: $2.28M, or $95,000 per door, or
$94.94 per sf
Reception No.
: 2015000096837
Closing Date
: 11/17
Grantor
:Adams CountyHousingAuthor-
ity, Donald R. May, exec. dir.
Grantee
: Advantage Equities, Thomas
Moore, mgr., intermediary 503-635-1031
Financing
: $2M payable to Gary R. Pope,
Portland OR
Comments
: This is a 1031 exchange on
behalf of the buyer. Gary R. Pope, 503-
241-7865, of Portland OR 97205-5861 may
be the true grantee, based on the deed of
trust information. Units are approximately
670 sf with two-bedroom units renting for
$950 per month.
Property Location
: SWC Washington
Street & East 144th Avenue, Thornton
Property Description
: Vacant land
Land Size
: 5.34 acres
Sales Price
: $1.62M, or $6.98 per sf
Reception No.
: 2015000098105
Closing Date
: 11/13
Grantor
: Evergreen-144th & Washington
LLC, Laura Ortiz, mgr.
Grantee
: Summit Entertainment of Thorn-
ton LLC, 9085 E. Mineral Circle, 240 Cen-
tennial CO 80112, Nickolas F. Cashion &
Gary E. Upperman, directors
Financing
: $1.06M payable to Great West-
ern Bank, due 11-4-16
Comments
: Buyer plans to build 50,000-sf
entertainment facility. Kyle Underwood of
Legend Retail Group, 720-529-2886, was
the listing broker. The facility will include
bowling, arcade, laser tag, restaurant,
lounge, event center and will be similar
to the one at 4455 Fairgrounds Ave. in
Windsor.
Property Location
: Vic. SWC Grant Street
& East 144th Avenue, Thornton
Property Description
: Vacant land
Land Size
: 2.97 acres
Sales Price
: $1.62M, or $7.46 per sf
Reception No.
: 2015000098105
Closing Date
: 11/13
Grantor
: Thornton Development LLC,
Michael H. Staenberg, mgr.
Grantee
: Spirit Hospitality LLC, William
G. Albrecht, mgr., 4836 S. College Ave.,
Suite 11, Fort Collins 80525
Financing
: $978,838 payable to Security
Service Credit Union, due 11-16-17
Comments
: New legal is Lot 5-E, Block
1, The Grove Subdivision Filing No. 1,
Amendment No. 5, 2015000016322. The
proposed property will be developed into
a Hilton Garden Inn hotel.
Property Location
: Vicinity of NEC East
160th Avenue & York Street, Thornton
Property Description
: 64 paper-platted
vacant lots
Land Size
: 12.12 acres +/-
Sales Price
: $1.48M, or $23,100 per lot
Reception No.
: 2015000091820
Closing Date
: 10/30
Grantor
: Tcirato LLC, Christopher P.
Elliott, mgr., 303-770-9112
Grantee
: Lennar Colorado LLC
Comments
: Lots 1-24, Block 1; Lots 1-8
Blk. 11; Lots 4-20, Blk. 12; Lots 5-19, Blk.
13, The Morrison Subdivision Filing No.
1, Amendment No. 1. Property was listed
by Bob Busey &Richard Bowler of Unique
Properties LLC-TCN Worldwide. The
grantor purchased the entire 163.33 acres,
zoned Agricultural at time, in 2013 for
$5.14M, or $31,439 per acre, or $11,139 per
buildable lot. The entire parcel is zoned
for 461 single-family detached lots with
over 26.71 acres for parks, right of way and
green space.
Property Location
: 11550 Sheridan Blvd.,
Westminster
Property Description
: 10,440-sf, one-story
office/medical building, includes 550-sf
loft, YOC 1983, masonry construction with
59 parking spaces
Land Size
: 2.15 acres
Sales Price
: $1.48M, or $141.42 per sf
Reception No.
: 2015000097645
Closing Date
: 11/17
Grantor
: New Direction IRA Inc. FBO
Richard W. Norloff IRA
Grantee
: MJ Sheridan Blvd. LLC, 11550
Sheridan Blvd, Westminster
Financing
: $1.03M payable to Wells Fargo
NA, due 11-15-18
Comments
: Property was listed and sold
by Ross Fellenstein of Commercial West
Real Estate Inc., 303-423-4669. Buyer(s)
may occupy the building: Dr. Jason R. Van
Wagenen, DDS, and Michael R. Manwar-
ing, CPA.
Property Location
: 8040-8080 Steele St.,
Commerce City
Property Description
: Vacant industrial
land, zoned I-2
Land Size
: 6.88 acres
Sales Price
: $1.03M, or $3.42 per sf
Closing Date
: 12/2
Reception No.
: 2015000101107
Grantor
: Central Development LLC, Jer-
emy Records, mgr., 303-628-0200
Grantee
: DTI Holdings LLC, Todd Carl-
son & Tony J. Douglas, mgrs.
Financing
: $1.41M payable to Great West-
ern Bank, due 12-5-16
Comments
: The property consists of five
parcels of land containing an aggregate
sum of 12.51 acres (as per Adams Coun-
ty). There is a body of water on the east
boundary line of the parcels that is owned
by the city of Thornton. Lot 2A = 2 acres,
Lot 4 = 2.7 acres, Lot 3A= 2.18 acres.
Arapahoe County
Property Location
: 14304 E. Tennessee
Ave., Aurora, “Grove at City Center”
Property Description
: 420-unit, three-sto-
ry apartment complex with 35 buildings
and 357,172 rentable square feet, YOC
1982, frame construction, 672 open park-
ing spaces and 24 covered spaces
Land Size
: 16.78 acres
Sales Price
: $60M, or $142,857 per door, or
$167.99 per sf
Reception No.
: D5138169
Closing Date
: 12/2
Grantor
: KW Aurora Land Partners LLC,
Phillip Wintner, VP, Kurt Zech* of kzech@
Kennedywilson.com & Kent Mouton,
EVP, 310-887-6400
Grantee
:WLGrove LLC, c/oWood Liber-
ty LLC, by: WP West Development Enter-
prises LLC, Jane Maushardt, AVP, 404-
965-9965, Atlanta GA 30327, attn: Joseph
J Keough @
Ryan
L. Dearborn @
&
Carter H. Siegel @
Financing
: The buyer assumed $31.59M
note (current balance) at 4.27%., dated
6-7-2013 payable to Berkeley Point Capital
LLC (Fannie Mae loan), 1% transfer fee of
$315,990. Loan is interest only based on
days of the month until 7-1-18; loan then is
amortized over 30 years @ $155,818.29 per
month, due on 7-1-23.
Comments
: Zech is president of multi-
family investments. See 1975-18-3-05-001
& 1975-18-3-07-002. Pat Stucker of JLL
was the listing broker on this transaction.
There are 105 one-bed/one-bath units @
704 sf, that rent for $1.47 per sf; 104 one-
bed/one-bath units @ 800 sf that rent for
$1.34 per sf; 105 two-bedroom/1.75 bath
@ 924 sf that rent for $1.35 per sf & 106
two-bedroom/1.75 bath units @ 972 sf that
rent for $1.33 per sf. The average-size unit
is 850 sf with an average rent of $1.37 per
sf per month. This building last sold for
$39.75M in June 2013. The building is 5%
vacant. The buyer is renovating the units
as the units vacate and it is approximately
25% renovated.
Property Location
: 7100 E. BelleviewAve.,
Greenwood Village, “Paragon Office”
Property Description
: 166,060-sf, four-
story office building, YOC 1981
Land Size
: 7.06 acres
Sales Price
: $19.9M, or $119.84 per sf
Reception No.
: D139669
Closing Date
: 12/7
Grantor
: The Paragon LP, Andrew R.
Klein & Otis C. Moore III, mgrs.
Grantee
: 7100 E. Belleview Property LLC,
c/o Westport Capital Partners LLC, Eric
Clapp, mgr., 310-294-1234, El Segundo CA
90245
Financing
: $14.65M payable to Wells
Fargo Bank, NA
Comments
: Tenants include Westside
Investment Partners Inc. (the seller), Arm-
brust Real Estate Institute, Apartment
Association of Metro Denver, Intergrated
Health Management and RPS (Retire-
ment Planning Service). Buyer’s website is
.
Property Location
: SEC South Broadway
& Village Park Drive, Littleton
Property Description
: Vacant land, plans
for Kneaders Café with 4,062 sf
Land Size
: 35,305 sf
Sales Price
: $1.09M, or $30.87 per sf
Closing Date
: 12/4
Reception No.
: D5140929
Grantor
: Loch Lomond LV LLC, et al.,
John C. Buchanan, Miles C. Cortez III
& Brian Mankwitz, mgrs., 4045 Alpine
Drive, Evergreen 80439
Grantee
: FFGDevelopment LLC,Andrew
Smith, mgr., c/o Kneaders Cafe
Comments
: The buyer will construct a
4,062-sf Kneaders Café and most likely
will resell the building to an investor on
a sale-leaseback from grantee's company,
Kneaders Bakery & Café. The lease typi-
cally is 15 years with 10% bumps every
year with four five-year renewal options.
Asking rates for similar Kneaders have
been from 5.5% to 6.5% in-place cap rates.
Boulder County
Property Location
: 2900 E. Aurora Ave.,
Boulder, “Cavalier Apartments”
Property Description
: 220-unit, two-story
apartment complex w/141,360 sf, YOC
1969, masonry construction
Land Size
: 4.69 acres
Sales Price
: $43.09M, or $195,006 per door,
or $304.06 per sf
Reception No.
: 03489151
Closing Date
: 12/4
Grantor
: Kinnickinnic Realty Co., William
Shanahan, pres.
Grantee
: 2900 Boulder LLC, c/o Brick-
stone Partners Inc., Daniel H. Otis, mgr.,
1423 S. Pearl St., Boulder 80210, 720-379-
8940
Financing
: $42.78M payable to State Farm
Life Insurance Co., due 1-1-26
Comments
: The average-size unit is 643
sf with market rents estimated to be $1.90
per sf. The property has expenses per unit
of $5,255 and vacancy is 4%. Studio units
are 360 sf and rent for $1,020, or $2.83 per
sf. There are three two-bedroom models,
which include: 480 sf @ $1,120, or $2.33;
610 sf @ $1,220, or $2 per sf; 780 sf @ $1,320,
or $1.69 per sf; three two-bed/one-bath
models, which include: 960 sf @ $1,500, or
$1.56 per sf; 980 sf @ $1,475, or $1.54 per sf,
& 1,120 sf @ $1,575, or $1.41 per sf.
Property Location
: 1900 Ninth St., Boul-
der, “Maxim Building”
Property Description
: 16,697-sf, three-sto-
ry office/retail building, YOC 1999, unique
tile block construction and exterior balco-
nies (Class Abuilding)
Land Size
: 7,519 sf
Sales Price
: $8.1M, or $485.12 per sf
Reception No.
: 03490916
Closing Date
: 12/15
Grantor
: 1900 9th Street Associates LLC,
Peter Resnick, mgr., Denver
Grantee
: EAT-1519 LLC, Linda G. Levy,
intermediary for Tebo Properties, Stephen
D. Tebo, pres., 303-447-8326
Financing
: $7.8M payable to Stephen D.
Tebo, dba Tebo Development Co.
Comments
: 1031 exchange and property is
on the northeast corner of Ninth Street and
Walnut Street. The second floor is office
with a 2,402-sf sublease available for $24
NNN. There is also 3,941 sf available for
$28 per sf (sublease) until 7-31-16, then $34
per sf NNN after sublease ends. Contact
Lynda Gibbons, Annie Lund or Angela
Topel of Gibbons-White, 303-442-1040, as
they represented the seller, who was from
NewYork. This rental space is on the third
floor. Broker shows building to be 8,300 sf.
Property Location
: 2875 30th St., Boulder
Property Description
: Vacant land zoned
BT-1/MX-1
Land Size
: 0.92 acre
Sales Price
: $2.38M, or $59.26 per sf
Reception No.
: 03490168
Closing Date
: 12/15
Grantor
: Nicolette L. Bascom, trustee of
McNeill Family Trust
Grantee
: Carmen Real Estate LLC, Jake
Jacobsen, pres., Sagebrush Cos., 303-866-
0011
Comments
: Property was listed by Jerome
Kroner & Mike Camp of CBRE, 720-528-
6455. There is a small RV building with a
garage approximately 20’ high and office
area. The value is in the land.
Property Location
: 3211 Pearl St., Boulder
Property Description
: 10,800-sf auto repair
center, YOC 1979, metal
Land Size
: 37,969 sf
Sales Price
: $1.8M, or $166.67 per sf
Reception No.
: 03490150
Closing Date
: 12/10
Grantor
: 3211 Pearl Street LLC, Jesse B.
Meyer II, mbr.
Grantee
: Outhouse Properties LLC, Bruce
& Jen Ladley, mgrs., 303-449-2261
Financing
: $1.67M SBA loan payable to
Wells Fargo Bank, NA, due 12-8-40
Comments
: Owner-user building for its
The Winslow Report
