Colorado Real Estate Journal - February 4, 2015
Property location: 3801 W. 68th Ave., Westminster, “Lakeview Apts” Property Description: 504-unit, 12-building apt., 303,168 sf, plus 4,209-sf clubhouse, brick and frame const., YOC 1973 Land Size: 15.12 acres Sales Price: $32M, or $63,492 per unit, or $105.55 per sf Closing Date: 1/15 Grantor: 68th Avenue Partners LP, 7841 Wayzata Blvd., Minneapolis, MN 55426- 1452, c/o Belgarde Property Services, 952- 546-2000 (Harry J. Yaffe, mgr.) Grantee: Westminster JSK LLC (Matthew Joblon, CEO of BMC Inv.) 303-996-2233 Financing: $26.38M payable to HFF (Holliday Fenoglio Fowler LP) Comments: The average rental rate was $1.16 per sf, or $629 per unit per month. Frank Farrell, 720-287-3369, of Frank Farrell & Associates represented the seller. Property Location: 1771 W. 72nd Ave., 1770 W. 73rd Ave., 7251 Samuel, Denver Property Description: 3 34-unit, 3-story apt., 18,546 sf, brick const., YOC 1968 Land Size: 87,238 sf Sales Price: $5.5M, or $53,922 per unit, or $98.85 per sf Closing Date: 12/23 Grantor: AMJ Apartment Corp (Mary H. Truong, mgr.) Grantee: 68 Sherman Street Condos LLC, 6464 S. Quebec St., Ste. 400, Centennial CO 80111 (Ed Venerable, mgr.) 303-284-6209 Comments: Andy Hellman, Terrance Hunt and Shane Ozment of ARA Real Estate Investments Services handled this transaction. Broker shows 50,700 rentable sf. There are 150 parking spaces and the three buildings are walk-up style. There are 66 1-bed units with 450 sf, 30 1-bed units @ 550 sf, and six 2-bed units @ 750 sf. The total operating expenses equate to $3,767 per unit or $6.90 per sf (without reserves calculated). Total of 102 units and 55,638 sf. Property Location: 12001-12057 Pecos St., Westminster, “Park Plaza Center” Property Description: 36,158-sf shopping center, masonry const., YOC 1984; and 5,328-sf office building, YOC 1984 Land Size: 4.58 acres Sales Price: $4.49M, or $108.20 per sf Closing Date: 12/22 Reception No. 2014000089742 Land-to-Building Ratio: 4.81: 1 Grantor: CSMC 2007-C3 Westminster Retail LLC, attn: James Harbur, Irving, TX Grantee: Park Plaza SPE LLC, Irvine, CA, attn: Burton Young, burton.young@sperrycre.com, 949-705-5000 Comments: Listing brochure from Transwestern has 821-2,502 sf of inline retail space available. Contact Steve Markle, 303- 407-1454, or Karen Clark, 303-407-1463. Tenants include 7-Eleven, Pizza Hut, Park Centre Lounge, LA Liquors, Atlantis Pool & Spa, Kabob Station and Salon Odyssey. Countryside Health and Wellness leased the 5,328-sf stand-alone office building in October 2014. Property Location: 18401 E. 40th Ave., Aurora Property Description: Vacant land Land Size: 19.7 acres Sales Price: $3.83M, or $4.46 per sf Closing Date: 1/6 Grantor: Gateway East Industrial LLC, Mike Serra, mgr. Grantee: Communications Test Design, Inc. Comments: According to city of Aurora, water fees total $37,071. Proposed 301,642- sf office/warehouse including 18,310 sf office area, with a total of 481 parking spaces. The Landmark Group LLC (Dick Quinn, pres.) is developing the project, 303-917-8489. NWC Tower Road and E. 40th Avenue. Property Location: 3901 E. 112th Ave., “Boulevard Plaza East” Property Description: 16,680-sf strip center, YOC 1978; 3,000-sf retail store, YOC 2000 Land Size: 2.32 acres Sales Price: $3M, or $152.44 per sf Closing Date: 12/19 Grantor: WGP Assoc LLC (Douglas N. Salter, mgr.) 970-262-1970 Grantee: Woodglen RHSW LLC 7581 E. Academy Blvd., Ste. 207, Denver CO 80230 Comments: NWC East 112th Avenue and Colorado Boulevard. Property Location: 7570 Brighton Rd. & 5550 E. 76th Ave., Denver Property Description: 6,600-sf showroom, YOC 1988; 11,000-sf warehouse, metal const., YOC 1985 Land Size: 5.51 acres Sales Price: $3M, or $170.45 per sf Closing Date: 12/19 Grantor: GEP Investments Inc. (George Eidsness, pres.) Grantee: Hutchison, Inc. (Blake Hutchison, VP – operations) 303-287-2826 Comments: Located at SEC of East 76th Avenue and Brighton Boulevard. This company is a manufacturer and distributor of livestock and equine equipment, www.hutchison-inc.com. Formerly occupied by Freightliner. Grantee is expanding into these two sites and will use for its business. Grantor is truck dealership. Property Location: 14416 Delaware St., Westminster Property Description: 7,047-sf restaurant building, YOC 2007 Land Size: 19,341 sf Sales Price: $2.15M, or $305.09 per sf Closing Date: 12/12 Grantor: SWM Mimi’s Café LLC (Bill Schaffler, VP) Grantee: TCG Westminster Investors LLC, c/o Cogent Group (Scott Kipp, 972- 246-6235 or skip@cogentgrp.com), 15150 Preston Road, Ste. 210, Dallas, TX 75248 Property Location: NEC E. 120th Ave & Peoria St. Property Description: Vacant land Land Size: 38.1 acres Sales Price: $1.81M, or $1.09 per sf Closing Date: 12/4 Grantor: Stone Trading Post LLC (Craig J. Stone, mgr.) Grantee: The Orchard Church, 10422 Heinz Way, Unit A, Henderson, CO 80640 Comments: Site may be used for future Orchard Church facility, which has used the Brighton School District No. 27J building located at 12909 E. 120th Ave., directly east of the new property acquired by the church. 303-373-2828.
Property Location: 5970, 5990 and 6251 Greenwood Plaza Blvd., 7951, 8000 and 8051 E Maplewood Ave., Greenwood Village, “Greenwood Corporate Plaza I through 6” Property Description: 1) 103,318- sf, 3-story office building, brick const. on 8.6 acres, YOC 1979 2) 102,250-sf, 3-story office building, reinforced concrete on 8.21 acres, YOC 1980 3) 103,590-sf, 3-story office building, brick const. on 4.5 acres, YOC 1981 4) 102,568-sf, 3-story office building, brick const. on 4.98 acres, YOC 1980 5) 103,330-sf, 3-story office building, brick const. on 5.03 acres, YOC 1980 6) 101,842-sf, 3-story office building, brick const. on 5.0 acres, YOC 2981 Land Size: 36.31 acres Sales Price: $91.5M, or $148.32 per sf Closing Date: 1/20 Reception No. D5006087 Land-to-Value Ratio: 2.57:1 Grantor: BRCP Greenwood Corporate Plaza LLC (David H. Naus, mgr.) Grantee: FRDGS GCP LLC c/o Goldman Sachs (Gaurav Seth, mgr.) Financing: $67M, payable to Canadian Imperial Bank of Commerce (73.2% LTV) Comments: Transaction was handled by Mike Winn, Chad Flynn and Tim Richey of CBRE, Inc. Merrick occupies 103,000 sf at 5970 Greenwood Plaza; Rio Tinto Minerals occupies 8051 E. Maplewood. Seller purchased these six buildings for $37 million in December 2004. Bill Walters and Jay Roulier developed these buildings in 1979-1981. Total of 616,098 sf for the six buildings known as Greenwood Corporate Plaza. Property Location: 777 Dillon Way & 1030 Cimarron Cir., Aurora, “Aurora Meadows” Property Description: 461 units, 22 buildings, 278,070 sf plus 2,491-sf clubhouse, brick and frame const., YOC 1972 Land Size: 27.32 acres Sales Price: $40M, or $86,956 per unit, or $120.91 per sf Closing Date: 1/15 Grantor: Aurora Meadow LLC, 7841 Wayzata Blvd., Minneapolis, MN 55426-1452, c/o Belgarde Property Services, 952-546- 2000, attn: Harry J. Yaffe, mgr. Grantee: Aurora JSK LLC (Matthew Joblon, CEO of BMC Inv.) 303-996-2233 Financing: $29.86M payable to Centerline Finance Corp., c/o C-III Asset Management LLC, 5221 N. O’Connor Blvd., Ste. 600, Irving, TX 75039 Comments: Grantor and grantee were involved in $72M in real estate transactions, or an average of $74,611 per door. While this property sold in Arapahoe County, WinComps LLC wanted to show the two transactions together. The average rental rate was $806 per month. Frank Farrell, 720-287-3369, of Frank Farrell & Associates represented the seller. Property Location: 6760 S. Glencoe St., Centennial Property Description: 143 units, 5 buildings, 130,120 sf, brick and frame const., YOC 1980 Land Size: 8.62 acres Sales Price: $20.75M, or $145,105 per unit, or $159.47 per sf Closing Date: 1/8 Grantor: Sterling Point Denver, c/o DCP Management XIII LLC (Matt DiNapoli, mgr.) Grantee: KW Fund V-Centennial (Phillip Wintner, VP) c/o Kennedy Wilson Multifamily, 9701 Wilshire Blvd., Ste. 700, Beverly Hills, CA 90212 Financing: Assume a $13.52M note dated 7/25/12 payable to US Bank Comments: Property sold for $16.9M in July 2012. 240 open parking spaces, 72 covered. Property Location: 8085 S. Chester St., Centennial, “Highland Place I” Property Description: 139,142-sf, 3-story office building, YOC 1982, renovated in 2006 Land Size: 6.2 acres Sales Price: $18.4M, or $136.52 per sf Closing Date: 12/23 Grantor: FSP Highland Place I Corp (Barbara J. Fournier, COO) Wakefield, MA Grantee: DIG HP1 LLC, c/o Dornin Investment Group LLC (Chris Dornin, mgr.) Financing: $15.1M payable to Colfin HP Funding, due in 5 years (82% LTV) Comments: Seller is Franklin Street Properties, which is a NYSE MKT: FSP. 3.5:1,000 sf parking. Property Location: 6025 S. Quebec St., Centennial Property Description: 93,393-sf, 3-story office building, YOC 1984 Land Size: 8.62 acres Sales Price: $12.75M, or $136.52 per sf Closing Date: 1/8 Grantor: Crown-Denver VI LLC, c/o Petrus Partners (Wesley C. Huang, mgr.) Grantee: Plaza Quebec LLC, c/o Palisades Capital Realty Advisors LLC Financing: $9M payable to Starwood Mortgage Capital LLC Comments: Property was recently renovated and is offered starting at $16.50 per sf, with base year expenses at $8.46 per sf. 214 parking spaces. Property Location: 5599 S. Windermere St., Littleton Property Description: 35-unit, 3-story apt., 19,938 sf, brick const., YOC 1971 Land Size: 25,570 sf Sales Price: $2.56M, or $73,000 per unit, or $128.15 per sf Closing Date: 1/8 Grantor: Grant Hall Properties LLC (Robert J. Walcott Jr., pres.) Grantee: Marching LLC (David J. Beattie, et al., mgrs.) Financing: $1.86M payable to Alpine Bank of Rifle, CO, due in 10 years Comments: One bedroom containing 700 sf rents for $775 per month. Property Location: 1500 W. Thomas Ave., Englewood Property Description: 18,480-sf, 2-story office building, brick const., YOC 1998 Land Size: 41,905 sf Sales Price: $2M, or $107.82 per sf Closing Date: 1/12 Grantor: 1500 West Thomas Ave LLC (Pamela Harrison, mgr.) Grantee: Rose Garden Thomas LLC, 1520 W. Canal Court, Ste. 200, Littleton, CO 80121, c/o Stan Sprinkle, mgr., 303-297- 2185 Comments: See related transactions between the same principals for the grantor and grantee at 1515-1555 W. Thomas Ave. Total combined building area is 33,600 sf with a combined price of $3.48M, or $103.42 per sf average. Property Location: 1515-1555 W. Thomas Ave., Englewood Property Description: 15,120-sf warehouse building, brick/block const., YOC 1971 Land Size: 30,500 sf Sales Price: $1.48M, or $98.05 per sf Closing Date: 1/12 Grantor: 1515-1555 West Thomas Ave LLC (Pamela Harrison, mgr.) Grantee: Garden Thomas LLC, 1520 W. Canal Court, Ste. 220, Littleton, CO 80121, c/o Stan Sprinkle, mgr., 303-297-2185 Comments: See related transactions between the same principals for the grantor and grantee at 1500 W. Thomas Ave. Total combined building area is 33,600 sf with a combined price of $3.48M, or $103.42 per sf average. Property Location: 1350-1360 Moline St., Aurora Property Description: 44-unit, 2-story plus garden level apt., 30,300 sf, brick const., YOC 1961 Land Size: 1.12 acres Sales Price: $2.5M, or $56,818 per unit, or $82.51 per sf Closing Date: 1/7 Grantor: 1350 Moline LLC (James King, mgr.) Grantee: Malibu Manor LLC (Hector S. Garcia, mgr.) Financing: $1.88M payable to AmericanWest Bank, due in 30 years Comments: Listing broker was Clayton Primm of Marcus and Millichap. Property sold in June 2013 for $1.74M. Center hall style (two buildings with 15,150 sf each, or 30,300 sf). Property Location: 5698 S. Himalaya St., Centennial, “Himalaya Plaza” Property Description: 8,050-sf strip center, masonry const., YOC 2002 Land Size: 1.21 acres Sales Price: $1.88M, or $233.54 per sf Closing Date: 1/6 Grantor: Himalaya Plaza LLC (Jerome K. Jang, mgr.) Grantee: Pert Enterprises LLC (Terri S. Lee, mgr.) Financing: $1.41M payable to Wells Fargo Bank, NA, due in 3 years Comments: Listing broker is Jerome Jang, 303-523-4810. According to the owner’s information, the in-place cap rate was 8.39%. Operating expenses are $6.68 per sf, according to 2014 expenses. Seller purchased the property in December 2013 for $918,800.
Property Location: 1444 Wazee St., Denver Property Description: 57,200-sf, 3-story office building, YOC 1880 (renovated in1983); 3,122-sf residential condo, YOC 1931; 5,794-sf office building, YOC 1931; a 12,500-sf parking lot at 1401 Wazee St. Land Size: 43,603 sf Sales Price: $17M, or $257.12 per sf Closing Date: 1/15 Reception No. 2015004964 Grantor: Elcor Partners Ltd. (William S. Saslow, pres.) Grantee: Wazee Street LLC, c/o Stoltz Real Estate Partners, Cynwyd, PA Comments: Total improvements are 66,116 sf. There are 8 assessor parcel numbers, including 3 parking spaces, a vacant parcel of land containing 6,053 sf; and office/ residential building at 1406-1408 Wazee St. containing 8,916 sf; a 12,500-sf parking lot; and the main building containing 57,200 sf. In 1976 the Elephant Corral was sold to John and Natasha Querrard of the Corral Group, who developed the present renovation, completed early in 1981. Elcor Partners purchased the building in 1990. Property Location: 1660 S. Albion St., Denver, “Tower 1660 Office Building” Property Description: 111,103-sf, 10-story office building, YOC 1972 Land Size: 36,755 sf Sales Price: $9.88M, or $88.96 per sf Closing Date: 1/15 Reception No. 2015005196 Land-to-Building Ratio: 0.331:1 Grantor: Tower 1660 SPE LLC by SCY Equities LLC, Burton Young, mgr.* Grantee: 1660 S. Albion LLC (Jeremy Records, mgr.) 303-628-0200 Comments: Newmark Grubb Knight Frank has 35,281 sf available @ $17.50- 18.50 per sf full-service. Parking is 2:1,000, contact Keith Krombach or Pete Staab. *Seller is a real estate agent with Sperry Commercial, 949-705-5000. Property Location: 23 & 33 Pearl St., Denver, “Sierra Park Apts” Property Description: 34-unit, 3-story apt., 19,635 sf, YOC 1967 Land Size: 16,416 sf Sales Price: $5.45M, or $160,294 per unit, or $277.57 per sf Closing Date: 1/7 Reception No. 2015002843 Grantor: Pearl Street Denver Partners LLC (David Lippa, mgr.) Grantee: 23 & 33 Pearl Street Apartments LLC, c/o Laramar Communities LLC, 7900 E. Union Ave., Ste. 500, Denver, CO 80237 (Marc Jason, CFO) 303-991-0094 Financing: $3.54M payable to JPMorgan Chase Bank, due 2/1/45 Comments: There are 22 1-bed units @ 475 sf, rent $963/mo.; 8 1-bed units @ 550 sf, rent $1,044; and 4 2-bed units @ 725 sf, rent $1,295/mo. Expenses with reserves are estimated at $3,029 per unit. There are 23 parking spaces with newer roof and boiler. Listed and sold by Greg Johnson and Kyle Malnati of Madison Commercial Properties LTD, 303-771-3850. Broker’s information reflects 5.8% cap rate. www. laramargroup.com. Bennet Neuman is SVP of acquisitions for the buyer. Property Location: 1188 Bellaire St., Denver, “Kent Apts.” Property Description: 17-unit, 3-story apt., 7,985 sf, brick const., YOC 1955 Land Size: 10,191 sf Sales Price: $1.9M, or $111,765 per unit, or $237.95 per sf Closing Date: 1/5 Reception No. 2014001123 Grantor: 1188 Bellaire Partners LLC (Michael Blackman, mgr.) 789 Sherman St., Ste. 320, Denver, CO 80203, 303-832-8155 Grantee: 1188 Bellaire LLC (Barbara J. Breslin, mgr.) Financing: $500,000 due 1/1/2045, payable to JPMorgan Chase Bank Comments: Each studio unit contains 462 sf with rents starting at $795/mo. The property is managed by Wheelhouse Apartments, 303-399-3939
Property Location: 880 W. Happy Canyon Rd., Castle Rock, “Village at Castle Pines” Property Description: 108,588-sf retail/ office building (multiple buildings), wood frame and brick const., YOC 2004 Land Size: 7.85 acres Sales Price: $19.25M, or $177.28 per sf (using broker’s building size calculation) Closing Date: 1/7 Reception No. 2015001471 Grantor: Villages at Castle Pines Colorado LLC, (Bradley P. Brooks, mgr.) Grantee: Castle Pines Property LLC (Jeff Aeder, VP) c/o JDI Realty, 312-433-0500 Financing: $14M, Payable to Redwood Commercial Mortgage (72.7% LTV) Comments: Newmark Grubb Knight Frank listing brokers Dan Grooters, 303- 260-4384, and Riki Hashimoto, 303-260- 4383. Douglas County shows the following information: 7,212-sf retail store, YOC 2004; 7,966-sf strip center, YOC 2003; 40,574-sf, 2-story office building, YOC 2004; 5,824-sf office building, YOC 2005; 7,944-sf office building, YOC 2003; 2,302-sf retail building, YOC 2004; 23,300-sf health club and 16,922-sf retail store, YOC 2004 (112,104 total square feet in seven buildings). Tract B contains 0.2 acres and may be a retention pond. Property Location: 6415-6455 Business Center Dr., Highlands Ranch, “Verizon” Property Description: 108,970-sf office building, YOC 1995 Land Size: 12.01 acres (plus 1.46-acre strip open space and 0.94-acre detention pond) Sales Price: $18.43M, or $169.08 per sf Closing Date: 1/20 Reception No. 2015003744 Grantor: Mountain View (Highlands Ranch) LLC (Jeffrey K. Sanders, mgr.) Grantee: LYK Highlands Ranch LLC, 80 N. King St, Honolulu, HI 96817 Financing: $14M, Payable to Redwood Commercial Mortgage (72.7% LTV) Comments: This is a single-tenant call center; Verizon signed a new, seven-year lease prior to the sale. R.C. Myles, Alec Rhodes and Jim Brady of DTZ (formerly Cassidy Turley) handled the deal. The property sold on a in-place cap rate of 8.2%. 645 parking spaces. Property Location: 10450 Park Meadows Dr., Lone Tree, “Parkridge Medical” Property Description: 43,494-sf, 3-story medical building, YOC 2004 Land Size: 3 acres Sales Price: $12.35M, or $283.99 Closing Date: 12/31/14 Reception No. 2015000425 Grantor: Parkridge Medical Plaza LLC (James A. Miller, mgr.) Grantee: HTA-Park Meadows EAT LLC c/o Healthcare Trust of America, 16435 N. Scottsdale Road, Ste. 320, Scottsdale, AZ 85254 Comments: Buyer’s acquisition director is Mark D. Engstrom, EVP, 480-998-3478, Ext. 120, or markengstrom@htareit.com. Property Location: Vic S of W. County Line Rd., North side of Plum Valley Ln., East of Lucent Blvd., unincorporated Douglas County Property Description: Vacant Land Land Size: 10.98 acres Sales Price: $2.4M, or $5 per sf Closing Date: 12/11/14 Reception No. 2015003298 Grantor: Elizabeth Marie Jones Charitable Trust, Ethan A. Miller, trustee Grantee: Mlatl Family LP (Lisa Schomp, ptnr.) Littleton, CO Comments: Subject parcel number is 2229-040-04-003. This property adjoins the grantee’s site located at 1001 Plum Valley Lane, which contains 14.49 acres, and 1190 Plum Valley Lane, which contains 10.65 acres. Property Location: 1050 Topeka Way, Castle Rock Property Description: 15,683-sf, 2-story office/warehouse, YOC 2002 Land Size: 43,500 sf Sales Price: $1.98M, or $125.93 per sf Closing Date: 12/29 Reception No. 2014076701 Grantor: RHI LLC (Michaela Bacon, mbr.) Grantee: TJTM Castle Rock LLC Comments: Seven drive-in doors, metal construction, 26 parking spaces, paved and fenced storage yard. Matt Call of NavPoint Real Estate Group represented the parties in the transaction. The property is a single-tenant building occupied by Max Fire Apparatus and sold on an inplace cap rate of 8.5% with a seven-year lease. Property Location: 10465 Park Meadows Dr., Lone Tree, “Parkridge Office” Property Description: 4,090 sf, YOC 2007 Land Size: 7,840 sf Sales Price: $995,000, or $243.28 Closing Date: 1/2 Reception No. 2015000196 Grantor: K3C LLC (Kurt Boatright, mbr.) Grantee: CHR Parkridge LLC, c/o Carr Healthcare Realty (Collin D. Carr, mbr.) Financing: $796,000 payable to Wells Fargo Bank, NA, due 1/2/25 Comments: Units 205A, 205B. Carole Schumacher of BRC Real Estate represented both parties in the transaction.
Property Location: 16950 W. Colfax Ave., Golden, “The Commons at Interplaza West” Property Description: 13,840-sf strip center, YOC 2007 (shadow anchor) Land Size: 1.88 acres Sales Price: $5.25M, or $379.33 per sf Closing Date: 1/9 Reception No. 2015003712 Land-to-Building Ratio: 5.92:1 Grantor: Golden Oaks Development Co LLC (James R. Chiamulon, mgr.) Grantee: The Oak Group (Matthew Kallis, mgr.) Comments: Going-in cap rate is 6.7%. Rents quoted at $25 per sf NNN. Property Location: 9100 W. 100th Ave., Westminster, “Westbrook Shopping Ctr” Property Description: 15,179-sf strip center, YOC 1982 Land Size: 1.79 acres Sales Price: $3.03M, or $199.29 per sf Closing Date: 1/9 Reception No. 2015004842 Land-to-Building Ratio: 5.13:1 Grantor: 100 Wadsworth LLC (Calvin J. Van Essen, pres.) Grantee: Six NSA LLC (Naim Ammari, mgr.) Comments: Property was listed by Matt Call and Heather Taylor of NavPoint Real Estate Group. See Lot 1A, Westbrook Shopping Center Subdivision, Filing No. 2. Property Location: 211 Violet St., Suites 120-130-140-150, Golden Property Description: 8,230-sf office/ industrial condo, brick const., YOC 2007 Land Size: N/A Sales Price: $1.25M, or $490 per sf Closing Date: 1/2 Reception No. 2015000181 Land to Building Ratio: 6.53:1 Grantor: Performance Management, c/o Michael J. Durbin Grantee: 211 Violet LLC, Deron and Molly Hultzapple, 944 High St., Denver, CO 80209 Comments: This building is a multitenant industrial condominium complex developed by MIE. Buyer contact is 303-916-7468. Brochure by Genesee Commercial Group LLC shows Unit 110 has lease rate of $12.50 per sf with 1,938 sf with expenses at $5.93 per sf; Unit 100 is $13.75 per sf, NNN. Four drive-in doors with parking 4:1,000 sf. Property Location: 10398 Reed St., Westminster Property Description: 5,000-sf strip center, YOC 2014 Land Size: 32,670 sf Sales Price: $2.45M, or $490 per sf Closing Date: 1/16 Reception No. 2015004877 Land-to-Building Ratio: 6.53:1 Grantor: Church Ranch LLC (Bradley P. Brooks, mgr.) Grantee: South Broadway Development Co., LLP (Melinda A. Quiet, mgr.) Comments: Property was occupied by Mattress Firm and Jersey Mike’s Sub; listed by Sam Zaitz, 720-529-2888, and Kyle Underwood, 720-529-2886, of the Legend Retail Group. Property sold on an in-place cap rate of 6.6% not factoring vacancy or reserves. Property Location: 7211 Sheridan Blvd., Westminster Property Description: 6,540-sf strip center building, YOC 2008 Land Size: 29,757 sf Sales Price: $2.22M, or $339.45 per sf Closing Date: 12/20/14 Reception No. 2015000191 Land to Building Ratio: 4.55:1 Grantor: MTD 72nd and Sheridan Lot 7 LLC, c/o Cadence Capital (Greg Ham, COO) Grantee: Kevin S. Falsken Separate Property Trust, Seal Beach, CA Comments: Property is anchored by 7-Eleven with lease commenced 6/08, Super Cuts, Little Caesars Pizza. Property Location: 14208 W. 96th Ave., Arvada Property Description: Vacant land Land Size: 13.08 acres Sales Price: $1.3M, or $2.28 per sf Grantor: Rocky Mountain Home Solutions (Rory G. Schwein, mgr.) Grantee: Three D Properties, (Tully DuPree) Englewood, CO Closing Date: 1/16 Reception No. 2015005012 Comments: Property is described as the south side of West 96th Avenue, approximately one-quarter mile east of Indiana Street, west of Standley Lake. Property is irregular in shape. Seller is owner and listing agent, 303-257-2735. Property currently operates as a horse boarding facility. Listing broker shows NOI of $272,041.81. Property Location: 5760 Ward Rd., Arvada, “Ward Road Car Wash” Property Description: 4,167-sf car wash w/5 bays plus 2 automatic, YOC 2003 Land Size: 43,565 sf Sales Price: $685,000, or $164.39 per sf, or $97,857 per bay (7 bays) Closing Date: 1/16 Reception No. 2015004555 Grantor: 15 Franklin Holdings LLC by Solera National Bank (Robert Fenton, pres.) Grantee: Smokin Hogan’s (Clifford Kelley, mgr.) Golden, CO Comments: Sale was REO transaction. Sale was handled by Living Water Car Wash, 303-999-7089 or 303-972-8685. Property Location: 16401 Table Mountain Pkwy., Golden Property Description: Vacant industrial land Land Size: 3.33 acres Sales Price: $440,000, or $3.04 per sf Closing Date: 1/16 Reception No. 2015004875 Grantor: CJK Holdings LLC (Dale A. Sand, mgr.) Grantee: Henry P. Acuff and Joann D. Acuff, trustees for Acuff Trust Comments: Lot 3B, Coors Technology Center Filing 14, Replat B. Buyer is based out of Corona Del Mar, CA 92625. Steve Poole, CCIM, of Transwestern (steve.poole@transwestern.net or 303-407-1468)handled the transaction. Planned for a brewery. The site will need extensive work including retaining walls. The net usable area for the land is significantly less than the 3.33 acres stated.