January 6-January 19, 2016 —
COLORADO REAL ESTATE JOURNAL
— Page 45
business, ABC Auto Body of Boulder.
Sherwin-Williams rents the center space in
the building and has a working relation-
ship with the grantee. Buyer purchased
the building from the landlord, who is the
grantor in this transaction.
Broomfield County
Property Location
: Northwest corner of
Interlocken Boulevard & Eldorado Bou-
levard
Property Description
: Vacant land, plans
for 311 units
Land Size
: 11.02 acres
Sales Price
: $7M, or $14.58per sf, or $22,508
per buildable unit
Reception No.
: 2015015466
Closing Date
: 12/4
Grantor
: JP Colorado Land LLLP, John K.
James, Austin TX
Grantee
: The Spanos Corp., Alexandros
Economou, regional VP, Stockton CA
Comments
: Richard B. Chase, MAI, and
Bob Leino of Fuller & Co. handled the
transaction. The buyer plans to build 265
apartment units and 46 townhomes on the
site. The property is directly south of the
Interlocken golf course and directly east of
West Park.
Property Location
: 4590 W. 121st Ave.,
Broomfield, “Nextcare Urgent Care”
Property Description
: 5,061-sf retail build-
ing, YOC 2008, masonry & stucco
Land Size
: 0.35 acres
Sales Price
: $2.23Mper sf, or $440.66 per sf
Reception No.
: 2015015869
Closing Date
: 12/15
Grantor
: Langer Commercial Properties
LLC, Geoffrey S. Langer, mgr.
Grantee
: YI Ranches LP, 1592 11th St.,
Suite H, Reedley CA93654
Comments
: APN is 1573-313-20-001.
Major tenant is NextCare Urgent Care
Denver County
Property Location
: 1550 Court Place, Den-
ver, “Sheraton Denver Downtown Hotel”
Property Description
: 1,231-room Shera-
tonDenver DowntownHotel plus 82 luxu-
rious suites and 133,000 sf of meeting space
(46 meeting rooms) & contains two build-
ings (THIS TRANSACTION INVOLVED
THE SALE OF THE LAND ONLY.)
Land Size
: 84,837 sf (Blk. 231), 106,200 sf
(Blk 208), total 191,037 sf
Sales Price
: $210M, or $1,099.26 per sf
Reception No.
: 2015173286
Closing Date
: 12/15
Grantor
: w2007 MVP Denver LLC, 50
California St., Suite 3300, San Francisco CA
94111-4778, c/o Chartres Lodging Group
LLC, Luke Callinan, senior director of
acquisitions, luke.callinan@charltreslodg
ing.com, or 415-296-7955
Grantee
: Court Place Land LLC, c/o
David Werner Real Estate Investments,
780 Third Ave., New York City NY 10017,
212-730-9411
Financing
: $180 million, payable to Citi-
group Global Markets Realty Corp.
Comments
: Sale agreement was dated
10-22-14. The building has been in exis-
tence for over 40 years; however, the sell-
er has spent $70 million on renovations.
Block 208 is directly north of the Sheraton
Denver Hotel and is bounded by 15th
Street, Tremont Place, 16th Street, & Court
Place (500 16th St). It is assumed that the
cap rate would be very low for this type of
transaction.
Property Location
: 1621 18th St., Denver,
“18th Street Atrium”
Property Description
: 109,178-sf, four-
story office building, YOC 1919, renovated
in 1983, brick construction, & 188 parking
spaces on Floors 2-5, 1890 Wynkoop St.
Land Size
: 31,363 sf
Sales Price
: $44M, or $403.01 per sf
Reception No.
: 2015171162
Closing Date
: 12/10
Grantor
: 18th Street Atrium LLC, Ken
Grant, mgr., c/o Toma West, 303-292-2300
Grantee
: Atrium Holding LLC, c/o Stoltz
Real Estate, 610-667-5800, Bala Cynwyd
PA19004
Comments
: Property was listed for lease
by JLLwith lease rates quoted at $25 per sf
full service. Operating expenses are shown
as $8.70 per sf. Grantor’s website, www.
tomawest.com, shows the 18th Street Atri-
um building containing 114,475 sf. The
grantor purchased the building in May
2006 for $21.23M. Geoff Baukol at CBRE
Inc. handled the transaction.
Property Location
: 475 17th St., Denver
Property Description
: 151,425-sf, 16-story
office building, YOC 1975
Land Size
: 12,500 sf
Sales Price
: $26M, or $171.70 per sf
Reception No.
: 2015174131
Closing Date
: 12/16
Grantor
: 475 Investment Partners LLC, S.
David Steel, pres., c/o Western Develop-
ment Group, 303-321-5700
Grantee
: LICGF Denver Office Building,
Inc., c/o Lincoln Property Company Ger-
many II LLC, 5950 Sherry Lane, Suite 320,
Dallas 75225
Financing
: $14.3M payable to Principal
Life Insurance Co., due 1-1-21
Comments
: The buyer is a German enti-
ty with Heiner Franssen, pres., whose
address is 2-8 Avenue Charles de Gaulle,
L-1653, Luxembourg. This building was
developed by Marvin Davis andAl Cohen
in 1975. The typical floor plate is 9,453
sf rentable area. The most current list-
ing information was for five spaces, from
1,264 to 3,341, with rates @ $27 to $29.50
per sf full service. Rates depend on loca-
tion within the building. Contact Pamela
Coburn @ Jones Realty Group, 303-292-
2100. This property sold for $16.6 million
in June 2014.
Property Location
: 101 Broadway, Denver
“First and Broadway Building”
Property Description
: 41,492-sf, four-story
hotel with first-floor restaurant area, YOC
1905, masonry construction
Land Size
: 19,145 sf
Sales Price
: $6.55M, or $157.86 per sf
Reception No.
: 2015171788
Closing Date
: 12/11
Grantor
: Morreale Hotels LLC, Jesse Mor-
reale by trustee TomH. Connolly, mgr.
Grantee
: Digital Cowboy LLC, Jeff Oberg,
mgr., 303-825-0940, 1720 Wazee, Ste. 1-A,
Denver 80202
Comments
: JimMacGuire @ 303-888-4644
was the broker/agent for the bankruptcy
auction that was held 12-3-15 at 721 19th
St., Denver. Also, the former El Diablo
restaurant occupied the space on the first
floor. The building has been boarded up
for more than two years and has been a
Denver landmark known as the First and
Broadway Building. Some of the possible
plans include redeveloping the building
into condominiums or a high-end hotel.
Buyer’s company is READevelopment.
Property Location
: 3120 W. Iliff Ave., Den-
ver
Property Description
: 56-unit, three-sto-
ry apartment building w/37,323 sf, YOC
1983, frame/brick construction with 98
parking spaces
Land Size
: 1.22 acres
Sales Price
: $4.75M, or $84,821 per door, or
$127.27 per sf
Reception No.
: 2015169426
Closing Date
: 12/2
Grantor
: Dr. Hung N. Tran, 303-936-4068,
& Nina Tran
Grantee
: 3120 W. Iliff Avenue LLC, Stig B.
Thu, mgr., 913-961-5631, Denver
Financing
: $3.8M payable to Homestreet
Bank, due 1-1-46
Property Location
: 8600 E. Colfax Ave.,
Denver, “Branding Iron Motel”
Property Description
: 34-room one- and
two-story motel with 14,285 sf plus three-
bedroom apartment & office, masonry
construction, YOC 1951
Land Size
: 33,250
Sales Price
: $1.40M, or $98.01 per sf
Reception No.
: 2015173402
Closing Date
: 12/15
Grantor
: Bae Young Chung & Woon Sin
Chung
Grantee
: Roy Enterprises Inc., Sook Lee &
Roy Jhoon Lee, mgrs.
Financing
: $934,000 payable toHana Small
Business Lending Inc.
Comments
: Buyer is an owner-operator of
the motel.
Property Location
: 4625 E. Iowa Ave.,
Denver
Property Description
: 25,430-sf plus 9,862-
sf finished basement, church, YOC 1957,
masonry construction
Land Size
: 40,100 sf
Sales Price
: $1.45M, or $57.02 per sf (price
psf tabulated on above-grade sf only)
Reception No.
: 2015167623
Closing Date
: 12/4
Grantor
: Korean Central Presbyterian
Church, Ki Young Park, sec., 303-756-9637
Grantee
: Denver Christian Bible Church,
3155 N. Chambers Road, Aurora 80011
Financing
: $1.34M payable to North
American Mission Board for the Southern
Baptist Convention, due 25 years
Comments
: Buyer contact is John More-
land, senior pastor, 303-233-6133. Prop-
erty was listed for $1.79M. Denver County
shows the building size to be 21,589 sf.
Property Location
: 1520 Trenton St., Den-
ver
Property Description
: 13-unit, two-story
apartment building w/7,823 sf, YOC 1955,
brick construction, nine one-bedroom and
four two-bedroom units
Land Size
: 12,400 sf
Sales Price
: $1.35M, or $103,846 per door,
or $172.57 per sf
Reception No.
: 2015169460
Closing Date
: 12/8
Grantor
: 1520 Trenton Street LLC, Ted S.
Halaby Jr., Ryan Floyd &Adam Riddle
Grantee
: JMA Denver 2 LLC, Joerg
Adams, mgr., 415-829-3672
Financing
: $1.01Mpayable to Bellco Credit
Union
Comments
: Property listed by Ryan Floyd
& Adam Riddle, Unique Properties LLC-
TCNWorldwide
Property Location
: 2715-2725 S. Colorado
Blvd., Denver
Property Description
: 2,210-sf retail build-
ing, YOC 1964, masonry construction;
2,544-sf retail building, YOC 1989, mason-
ry construction (total of 4,754 sf)
Land Size
: 14,497 sf
Sales Price
: $1.21M, or $255.31 per sf
Reception No.
: 2015168466
Closing Date
: 12/4
Grantor
: CarmenManagement LLC,Mary
Simms, mgr., 303-501-9949
Grantee
: Yale & Colorado LLC, Fadi
Sawaged, mbr., 720-891-3211
Financing
: $788,937 @ 4.75% payable to
FirstBank, due 12-10-16
Comments
: Andy Peter assisted grantor
to rezone the property to S-CC-3x to allow
eating establishments.
Property Location
: 3518 Larimer St., Den-
ver
Property Description
: 8,312-sf industrial
building, YOC 1958, masonry construc-
tion, 12’ ceiling, two blocks from proposed
light-rail station
Land Size
: 12,488 sf
Sales Price
: $1.21M, or $145.57 per sf
Reception No.
: 2015167814
Closing Date
: 12/2
Grantor
: Robert D. Koenig & Dean A.
Koenig
Grantee
: Kapotasana LLC, WilliamMush-
kin, mgr.
Financing
: $900,000 @ 6.5% payable to
grantor, $10,219.32 per month @ 6.5%,
amortized over 10 years; balance due in
five years
Comments
: Current lease expired 11-15-
2015. Building was vacant at time of clos-
ing.
Property Location
: 1080 Sheridan Blvd.,
Denver
Property Description
: Vacant land zoned
C-MX-5
Land Size
: 89,007 sf
Sales Price
: $1.15M, or $12.92 per sf
Reception No.
: 2015168055
Closing Date
: 12/3
Grantor
: Susan K. Jenkins Trust & David
H. Jenkins, Scottsdale AZ
Grantee
: Sheridan II LLC, c/o Urban
Land Conservancy, Mark Marshall, direc-
tor of real estate, 305 Park Ave West, Suite
B, Denver 80205, 303-377-4477
Comments
: There are some topography
issues on a portion of the property.
Property Location
: 3800 Franklin St. (NEC
Franklin Street & East 38th Avenue), Den-
ver
Property Description
: Vacant commercial
land
Land Size
: 12,500 sf
Sales Price
: $600,000, or $48 per sf
Reception No.
: 2015173356
Closing Date
: 12/15
Grantor
: DupedFrank LLC, Martin Cher-
noff, mgr.
Grantee
: *Leger Investments LLC, Sam
Leger, mgr. (50%), & Timothy M. Finholm
(50%), 303-321-5888
Financing
: $420,000 payable to White
Crown Federal Credit Union, due 1-1-19
Comments
: *Buyers are real estate bro-
kers employed by Unique Properties LLC-
TCNWorldwide.
Douglas County
Property Location
: 8585 Concord Center
Drive, Englewood
Property Description
: 55,680-sf industri-
al/flex building, YOC 2011, concrete panel
Land Size
: 5.03 acres
Sales Price
: $8.41M, or $151.04 per sf
Reception No.
: 2015086611
Closing Date
: 11/12
Grantor
: IBC Concord II LLC, Brian C.
Mott, mgr., 720-259-1435
Grantee
: Concord Center 2015 LLC, Teton
Village WY
Comments
: Building was listed for lease
by Newmark Grubb Knight Frank, David
Lee and Jason Addlesperger. There is 18’-
clear minimum with ESFR fire sprinkler
system. There are nine dock-high doors
and 10 drive-in doors (11x14’). Kone Ele-
vators and Escalators of Denver and SK&T
are tenants in the building.
Property Location
: Southeast corner of
Promenade Parkway & Santa Fe Drive,
Castle Rock
Property Description
: Vacant land
Land Size
: 13.8 acres
Sales Price
: $3.61M, or $6 per sf
Reception No.
: 2015086866
Closing Date
: 12/4
Grantor
: Periwinkle LLC by: Alberta
Development, Donald G. Provost., mgr.
Grantee
: Dillon Companies Inc.
Comments
: Buyer plans to build King
Soopers store.
Property Location
: 9565 Kingston Court,
Englewood
Property Description
: 4,777-sf industrial
building, YOC 1957, brick construction
Land Size
: 16,345 sf
Sales Price
: $950,000, or $112.00 per sf
Reception No.
: 2015088224
Closing Date
: 12/9
Grantor
: JTM Properties LLC, John T.
McSweeny, mgr., 303-662-9850
Grantee
: Kingston Court LLC, Scott D.
Kumpf, mbr., 720-473-8000
Financing
: $760,000 payable to Security
Srvc. Federal Credit Union, due 12-9-30
Comments
: Unit A, Offices on the Fair-
way Condominiums. Buyer is part of law
firm Kumpf Charsley & Hansen LLC,
located at 9635 Maroon Circle, Suite 230,
and plan to move the law practice to this
building.
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
