CREJ

August 2020 — Retail Properties Quarterly — Page 27 www.crej.com SALES | Warranty Deeds (July 24-August 6, 2020) More than $2 Million - Covers Adams, Arapahoe, Boulder, Broomfield, Douglas, Denver, Elbert, El Paso, Jefferson, Larimer, Pueblo and Weld counties Source: SKLD Information Services County Seller Property Address City Purchaser St Sale Price Date Closed County Property Desc AD HINKHOUSE FAMILY LP NUMBER ONE LLLP KF DEVL INC CO $7,689,800.00 7/21/20 AD KF DEVL INC RICHMOND AM HOMES COLO INC CO $6,630,000.00 7/21/20 AD RICHMOND AM HOMES COLO INC VL MERITAGE HOMES COLO INC CO $3,640,000.00 7/21/20 AD 96 TOWER INVEST LLC VL RICHMOND AM HOMES COLO INC CO $7,359,000.00 7/22/20 AD RE II IND II LLC MULT PROP 25 NORTH INVEST LLC $43,400,000.00 7/23/20 AR JEFF & KIRBY GAMBLIN JOSEPH 7 FOXTAIL CIR ENGLEWOOD SCHREIBER LLC $2,425,000.00 7/20/20 Single Family Residential AR ARAPAHOE PLAZA EAST LLC 7853 E ARAPAHOE CT CENTENNIAL WELSH FAMILY TRUST CO $2,974,000.00 7/21/20 AR PAUL A PITTMAN 4140 E QUINCY AVE CHERRY HILLS VILLA 4140 E QUINCY AVE LLC $3,325,000.00 7/21/20 Single Family Residential Acreage AR MULE RANCH INVEST LLC 16800 E MISSISSIPPI AVE AURORA CAPRA INVEST CO LLLP CO $2,450,000.00 7/22/20 Health Clubs BD MICHELLE STEINER 3830 NORWOOD CT BOULDER NAPA MIST LLC $2,025,000.00 7/23/20 BR RED 3 LLC 10851 W 120TH AVE BROOMFIELD M4 ELDORADO 4 LLC CA $3,300,000.00 7/27/20 SPEC.PURPOSE-LAND DS NEUSTAR INC 8532 CONCORD CEN- TER DR ENGLEWOOD GOLD CENTER CO LLC NV $6,500,000.00 7/15/20 Industrial DS 98 W PARKER LLLP LENNAR COLO LLC CO $8,000,000.00 7/15/20 DS POPLAR INVEST INC ECHELON TERRAIN LLC IN $4,100,000.00 7/17/20 Exempt DS RM PARKER PERFORMING ARTS CO LLC 15035 COMPARK BLVD PARKER PARKER PERFORMING ARTS BLDG CORP $17,611,200.00 7/20/20 DS STERLING RANCH LLC STERLING RANCH DEVL CO CO $6,291,700.00 7/22/20 DV SANDRA L WEIGAND 415 KEARNEY ST DENVER MICHALSKI FAMILY TRUST $3,225,000.00 7/20/20 Single Family Residential DV PLACO LLC MULT PROP SOUTH INCA HOLDINGS LLC CO $2,600,000.00 7/23/20 DV BELCARO LLC 710 S JACKSON ST DENVER JACKSON SKYE LLC $3,100,000.00 7/24/20 Single Family Residential EL PC COTTONWOOD LLC COTTONWOOD TERRACE OWNER LLC CA $37,250,000.00 7/22/20 MULTI_UNIT ( 9 & UP) EL CBH PROPERTIES ROCKRIMMON LLC 20 S ROCKRIMMON BLVD COLO SPGS KARTCHNER PROPER- TIES INC CA $3,735,000.00 7/23/20 SPECIAL PURPOSE JF GREGORY & EILEEN MILZCIK 9925 WHITETAIL LN LITTLETON JJH GLOBAL REALTY IV LLC CO $3,550,000.00 7/21/20 1212 Single Family Resi- dential JF KINGS VALLEY MCIF LLC 30403 KINGS VALLEY DR CONIFER KINGS VALLEY MARKET- PLACE LLC $7,000,000.00 7/22/20 2212 Merchandising JF BRITTANY OFFICE PARK LLC EVERGREEN REAL ES- TATE 11 LLC $2,115,000.00 7/22/20 2220 Offices JF CIO CIRCLE POINT MH LAND LLC MILLENNIUM CIRCLE POINT LLC TX $6,500,000.00 7/23/20 0000 Vacant Land LR TIMOTHY S RAMSEY 8313 S COUNTY ROAD 13 FORT COLLINS HOMESTEAD NORTH LLC CO $2,100,000.00 7/24/20 Agricultural WE RAINDANCE COMMUNITIES LLC JOURNEY HOMES LLC $3,150,000.00 7/22/20 WE DANNY VANDER & SOPHIA VANDER DUSSEN 14200 COUNTY ROAD 70 GREELEY TED MAGNUSON FAMILY TRUST CO $2,200,000.00 7/22/20 Visit SKLDoc.com Immediate Access to Colorado County Recorded Documents 9540 East Jewell Ave | Suite A | Denver, CO 80247 | (303) 695-3850 • Documents from Patent to Present! • 15 Colorado Metro Counties • PDF Image opens within seconds • Recorded Property Document Images • Easy to Use -View, Print, Enlarge • Plat Maps • Need multiple documents? Use bulk request option or submit a "Same-Day-Doc" request of vehicles on the road are autono- mous, parking garages will need to adapt. These structures generally are in great locations near all of the activi- ty that a downtown area has so they could be targeted for redevelopment if the demand for parking in down- town areas declines. n Vehicle sales and service. If you think Tesla’s direct-to-consumer model is changing the game for the traditional auto dealership, imag- ine a time when the majority of vehicles on the road are purchased and operated by large companies. Instead of stopping by the local dealership to haggle a better price, these dealerships will be negotiating bulk deals for entire fleets, or per- haps the manufacturers will operate their own fleets. If that happens, who do the dealerships serve? The same concept probably will apply to refueling and servicing. A company that has hundreds or thousands of autonomous vehicles likely will have the resources to have their own refueling and service stations out- side the city limits, where real estate is less expensive. These companies probably also will have their own mechanics in-house. Companies that are set up to sell and serve personally owned vehi- cles, such as dealerships, gas sta- tions and maintenance shops, will be affected and the underlying real estate likely will be ripe for redevel- opment if these businesses cannot adapt. n Household garages. Will a garage at home be necessary if you do not need or have a car? Probably not. Maybe that space could be used for a workshop or storing tools, but this could have a significant effect on home values. Many buyers won’t need a garage as personal vehicle ownership diminishes. Today, a garage adds value to a home, but it could be seen as unnecessary once preferences begin to change. If that happens, pricing for homes with garages may diminish unless they are repurposed to something more useful. Autonomous vehicle technology still is being developed, but we can anticipate many changes in the coming decades. The link between transportation innovation and real estate use has been proven before and that relationship certainly will continue with the introduction of autonomous vehicles. s Blair Continued from Page 26