Colorado Real Estate Journal - October 1, 2014

The Winslow report

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Arapahoe County

Property Location: 9799 E. Geddes, Centennial, “Quality Inn Hotel”
Property Description: 58-room, 3-story
hotel, 28,885 sf, concrete const., YOC 1997
Land Size: 53,304 sf
Sales Price: $2.65M, or $45,690 per room
Closing Date: 8/29
Grantor: Western 88 Investments LLC
(Phillip Huynh, mgr.)
Grantee: Banjosa Hospitality LLC (Khurshid Ahmed Khan, mgr.)
Financing: $1.64M payable to Hana Small
Business Lending
Comments: Indoor pool
Property Location: 7318 S. Revere Pkwy.,
Units 108A & 112, Centennial
Property Description: 10,208-sf office/
warehouse (44.5% office) condo, masonry
construction, YOC 1998
Land Size: 40,304 sf
Sales Price: $925,000, or $90.62 per sf
Closing Date: 9/5
Grantor: Lundwall Partners LLC (Jerry
Lundwall, mbr.)
Grantee: Revere Property LLC (Jason
Gamwell, mbr.) 303-495-3412
Financing: SBA Loan of $856,500, due
9/5/39, payable to Wells Fargo Bank, NA
Comments: Building has 4,594 sf of finished office space. Buyer’s company,
Morning Falls (Denver Media Holdingsadvertising firm), will occupy the space.
Rear drive-in door.
Property Location: 14364 E. Evans Ave.,
Aurora
Property Description: 13,640-sf, 2-story
office building, brick const., YOC 1982
Land Size: 7,360 sf plus common area
Sales Price: $617,500, or $45.27 per sf
Closing Date: 9/8
Grantor: Dennis Boyd and Barbara J. Laskowski
Grantee: Smith Agency (Terri Weeks,
founder) 303-696-1154
Comments: Buyer purchased building
next to its property at 14394 E. Evans Ave.
Property was listed by Robert Hara of
Keller Williams, 303-809-4150. Building
also contains elevator and has been updated with plumbing and telecom. Buyer’s
firm works with children and adults with
developmental disabilities.
Property Location: 1695 W. Sheri Lane,
Littleton
Property Description: 7,800-sf, 2-story
office warehouse, YOC 1982
Land Size: 16,547 sf
Sales Price: $600,000, or $76.92 per sf
Closing Date: 9/3
Grantor: Leo J. Milligan Trust, et al.
Grantee: BSG LLC Holdings LLC (Ray
Stone)
Financing: $550,000 payable to seller @ 5%
due 9/1/17
Comments: This property was listed and
sold by Mark Goodman and Paul Schneider of Pinnacle Real Estate Advisors; the
buyer’s company is Warming Trends, 303-
346-2224.
Property Location: 3495 S. Downing St.,
Englewood
Property Description: 2,014-sf convenience store (closed), YOC 1956
Land Size: 12,500 sf
Sales Price: $550,000, or $322.21 per sf
Closing Date: 9/5
Grantor: Sylvia Bahri
Grantee: Star Downing LLC c/o Blanton
McDonald, 303-759-3842
Comments: Vacant service station located at northwest corner of S. Downing
and Old Hampden Ave. Property was
listed and sold by Rick Egitto, CCIM,
of Inverness Properties and the buyer is
planning on redeveloping the property to
a restaurant. Property last sold in October
2012 for $350,000.
Property Location: 362-364-366 Norfolk
St., Aurora
Property Description: 3 1,475-sf units
totaling 4,425 sf office/warehouse condo,
stucco const., YOC 2001
Land Size: 18,366 sf plus common area
Sales Price: $400,000, or $90.40 per sf
Closing Date: 9/3
Grantor: City Electric Supply Co. (James
Henderson, CFO)
Grantee: Wus Warehouse LLC (Jin Loong
Wu, mbr.)
Comments: Three units, two of which are
leased to auto-related company and one is
vacant (362 Norfolk St.). Each unit has two
offices with overhead drive-in door.
Property Location: 925 W. Kenyon Ave.,
Unit 1, Englewood
Property Description: 3,720-sf office
condo, brick const., YOC 1982
Land Size: 8,108 sf
Sales Price: $390,000, or $104.84 per sf
Closing Date: 9/5
Grantor: Kenyon Enterprises LLC (Richard W. Kautt, mbr.)
Grantee: SNCUP Ltd. (John Schwartzberg, et al., mgr.)
Financing: $397,000 SBA loan, payable to
Guaranty Bank & Trust
Comments: Buyer’s company, Rocky
Mountain Engineering Materials Technology Inc. (303-306-0660) purchased the
building for its use.
Property Location: 6414 S. Quebec St.,
Centennial, “Greenwood Executive Park”
Property Description: office condo with
5,219 sf on 3 levels, wood frame const.,
YOC 1982
Land Size: 2,563 sf plus common area
Sales Price: $370,000, or $70.90 per sf
Closing Date: 9/2
Grantor: SMS Financial XXIII LLC (Jonathan D. Hoffer, mgr.)
Grantee: South Cottage LLC (Lin Merage,
mbr.)
Comments: Property was listed for
$454,000 and sold by Richard S. Hubina,
SIOR, of Ringsby Realty, 303-991-3821.
Association dues are $644 per month.
Property Location: 88 Inverness Circle
East, Units J-105 and J106, Englewood
Property Description: 1,619-sf office
condo, YOC 1981
Land Size: n/a
Sales Price: $310,000
Closing Date: 8/28
Grantor: Creekside Two on Inverness LLC
(Kenneth D. Joseph, mgr.) 505-424-4600
Grantee: Blu Tadpole LLC (Dr. Ron Morley, mgr.) 303-799-1600
Financing: $198,500 payable to Wells
Fargo Bank, NA due Aug. 15, 2019
Comments: Seller was represented by
Carole Schumacher of BRC Realty while
the buyer, Colorado Psychiatry Center,
was represented by Steven Johnson.

Adams County

Property Location: Adjacent to SWC E.
144th Ave. & Holly St., Thornton
Property Description: Residential lots
Land Size: 296 Lots and 17 Tracts
Sales Price: $7.43M, or $25,084 per lot
Closing Date: 9/5
Grantor: Clarke Carlson, et al. c/o Carlson
& Associates
Grantee: Lennar Colorado LLC, Englewood
Comments: Home Center located at E.
140th Ave. and Holly has not opened.
Sales prices for Lewis Pointe homes have
not been determined.
Property Location: 9600 E. 96th Ave.,
Henderson
Property Description: 40,652-sf warehouse, YOC 2001
Land Size: 10.32 acres
Sales Price: $3.73M, or $91.63 per sf
Closing Date: 9/3
Grantor: W.G. Investment LLC (Rebecca
W. Davis and Allison W. Jensen, mgrs.)
Grantee: H & E Equipment Services, John
Engquist, CEO
Comments: Buyer is a publicly traded
company on the NASDAQ and was a tenant in the building prior to acquiring the
building from the landlord.
Property Location: 5400 Monroe St., Commerce City
Property Description: Industrial storage
buildings
Land Size: 10.78 acres
Sales Price: $1.9M, or $4.05 per sf
Closing Date: 9/4
Grantor: Bosch Investments, Aidan
McGuire, 303-388-8416
Grantee: CCGF LLC (Eric Bush, mgr.) 303-
780-9396, Ext. 10
Financing: $1.25M @ 5% due 25 years,
payable to Crosscheck LLC
Property Location: W/S S. 50th St., near
Bridge St., Brighton
Property Description: Vacant commercial
land
Land Size: 1.57 acres
Sales Price: $925,000, or $13.53 per sf
Closing Date: 9/5
Grantor: S3L Holdings
Grantee: SFP E LLC c/o Les Schwab Tire
Co.
Financing: $1.52M @ 4.5% due May 2015,
payable to Bank of Helmet
Comments: Listed by Rich Hobbs of
Crosbie Real Estate Group and sold by
Pete Pavlakis of Legend Retail Group. Les
Schwab tire store under construction.
Property Location: 8580 Rosemary St.,
Denver
Property Description: 2,625-sf warehouse,
metal const., YOC 2001
Land Size: 1.79 acres
Sales Price: $645,000, or $29.69 per sf
Closing Date: 8/27
Grantor: Rom-Sons Tree Specialist Inc.
(Julian P. Romero, pres.)
Grantee: M & C Associates LLC (Shaun E.
Mulligan and Ted A. Croy, mbrs.)
Financing: $605,000 payable to KeyBank,
due 8/27/39
Comments: Outside storage and 3 drivein doors.
Property Location: NEC Grant St. & Grant
Circle, Thornton
Property Description: Vacant industrial
land
Land Size: 4.06 acres
Sales Price: $500,000, or $2.83 per sf
Closing Date: 8/28
Grantor: North Valley Bank (Blake Feik,
EVP) 303-452-5500
Grantee: Oaktree Entprs. LLC (Alex J.
Chlebek, mgr.) 303-255-1920
Financing: $375,000 due 8/28/19, payable
to North Valley Bank
Comments: REO transaction, proposed
self-storage development

Denver County

Property Location: 999 S. Broadway; 900-
920 S. Santa Fe Dr.; 711 S. Cherokee St., 700
S. Santa Fe Dr., NWC S. Broadway & W.
Mississippi Ave.; SWC I-25 & Broadway
Property Description: Commercial
improvements (land value)
Land Size: 41.6 acres
Sales Price: $28.5M, or $15.73 per sf
Closing Date: 9/12
Grantor: Broadway Mississippi Dev. LLC
& Santa Fe Real Estate c/o Gates Rubber
Company, Thomas C. Reeve, 303-744-1911
Grantee: Broadway Station Partners LLC
(Eric G. Williams, CEO of Frontier Renewal LLC) 720-889-1200, or Rocky Mountain,
512-560-5247.
Financing: $30M payable to GBA Denver
Land Company LLC c/o Chief Partners
LP, Dallas; attn: Eric Peterson, 214-265-9590
Comments: Property contains several
tracts of land, including 15.07 acres at
Interstate 25 and Broadway; 24.01 acres
on the east side of South Santa Fe Drive,
between I-25 and Mississippi Avenue, and
2.52 acres next to Vanderbilt Park. The
buyer will spend millions of dollars on
cleanup and remediation of the site and
will re-entitle the property. The 39.09 acres
are zoned T-MU-30 and 2.52 acres are
zoned OS-C.
Property Location: 1750 Little Raven,
Denver
Property Description: Vacant multifamily
land
Land Size: 83,405 sf
Sales Price: $14.7M, or $176.25 per sf, or
$60,744 per buildable unit
Closing Date: 9/5
Grantor: Central Platte Valley Management LLC c/o East West (Jay Lambaste)
Grantee: PPF AMLI 1750 Little Raven
Street LLC (Andrew A. Mutz, CEO)
Comments: Property was originally slated
to close in late 2011 or early 2012 but was
delayed. Plans include 242 rental apartments with 344 parking spaces. The property is located at the south corner of Little
Raven and 18th streets, with frontage on
the northwest side of Bassett Street.
Property Location: 1777-1780-1805 S. Bellaire St., “Sheridan Center,” Denver
Property Description: 4-story, 32,851-sf
office building, brick const., YOC 1963;
8-story, 71,851-sf office building, brick
const., YOC 1971; 4-story, 33,813-sf office
building, YOC 1982 (138,515 sf total)
Land Size: 1.11 acres; 1.21 acres; 0.675 acres
(total = 3 acres)
Sales Price: $9.85M, or $301.31 per sf
Closing Date: 9/3
Grantor: KP Sheridan LLC, by AEW Capital Mgmt LP (Robert Norberg)
Grantee: Bellaire Place 1-2-3 LLC (Blair E.
Richardson, mgr.) 303-861-8466
Financing: $6.6M payable to Vectra Bank
Comments: Buyer’s company is Bow
River Capital Partners (Blair E. Richardson) www.bowrivercapital.com. The seller
was represented by JLL.
Property Location: 1554 Logan St. & 1705
Franklin St., Denver, “Hilltop”
Property Description: 77-unit multistory
apt. building, 60,824 sf, brick const., YOC
1900-1911 (affordable housing)
Land Size: 37,296 sf
Sales Price: $7.3M, or $94,805 per door, or
$120.02 per sf
Closing Date: 9/8
Grantor: HA Housing LP, c/o American Housing Preservation Corp., Kevin J.
McCarthy, SVP, 207-772-0270 (Shaquille
O’Neal is partner for grantor)
Grantee: Hilltop LLC (Greg Cotton, pres.
of HRTI, Inc.) 720-981-8001
Financing: Buyer executed $5.62M payable to TCF National Bank (77% LTV)
Comments: Property was listed and sold
by J.B. Hochman and Justin Brockman of
Pinnacle RE Advisors. (*Broker combines
total of both buildings as per unit and sf is
easier to decimate.) NOI on both properties reflects 3.16% in place cap rate with
expenses at time of closing at $7,111 per
door and $9 per sf. (Stabilized expenses
are projected by listing broker at $4,079
per door, or $5.16 per sf, with 6.67% cap
rate at end of first year). Actual Effective
Gross Income Multiplier was 9.38. Buildings are approximately 1 mile apart with
$120,000 in recent renovations. There are
47 units at 1705 Franklin containing 32,746
sf, located at the NWC of East 17th Avenue
and Franklin Street containing 27,921 sf of
land and zoned G-RO-5. There is a 30-unit,
3-story apartment building located at 1554
Logan Street with 9,375 sf of land.
Property Location: 1475 S. Acoma St.,
Denver
Property Description: 69,135-sf industrial
building, YOC 2005
Land Size: 59,870 sf
Sales Price: $5.5M, or $79.55 per sf
Closing Date: 9/11
Grantor: Acoma Street Holdings LLC
Grantee: Private CRE Fund I LLC, et al.
(Jeffrey S. McGuire and Roger A. House,
mgrs.)
Financing: $3.3M payable to Montegra
Capital Resources*; $750,000 @ 10%, payable to seller, due 9/10/17 (60% LTV on
the first deed of trust)
Comments: Property was listed for $6.5M
by Greg Knott and Brad Gilpin of Unique
Properties LLC. Property is zoned I-A,
with 3 dock-high doors with partial 2-floor
space containing 18,265 sf. Buyer (Jeff
McGuire) is a principal of Lee & Associates in Southern California, jmcguire@leere.com or 818-444-4960. Buyer purchased
the property for investment as it has tenants that will lease the entire building for
grow purposes. * Private lenders are able
to make loans on grow operations. Jeff
Hallberg of Peregrine Brokerage LLC represented the buyer.
Property Location: 7557 E. 36th Ave., Denver, “Famous Dave’s Restaurant”
Property Description: 6,445-sf restaurant,
masonry const., YOC 2005
Land Size: 56,702 sf
Sales Price: $5.03M, or $780.40 per sf
Closing Date: 9/3
Grantor: Victoria Land Partners LP (Genevieve Hedrick, mgr.)
Grantee: Great Northern Gas Company
(Frank S. Di Grappa, pres.) 303-295-0938
Comments: Buyer purchased for longterm investment with 7.1% “in-place cap
rate” based on 11-plus years remaining on
NNN lease. Transaction handled by Marcus & Millichap.
Property Location: 1454 Champa St. &
820-838 15th St., Denver
Property Description: Parking lot and
12,250-sf, 2-story retail building, YOC
1916, renovated in 2012
Land Size: 12,000 sf
Sales Price: $4.6M, or $375.51 per sf
Closing Date: 9/3
Grantor: 1454 Champa LLC & Champa
One LLC (Morris Ginsburg)
Grantee: Champa BL LLC (Howard J. Pollack, mgr.)
Comments: 1454 Champa sold for $1.5M,
or $240 per sf, for the parking lot. 820-838
15th St. (1454 Champa St.) sold for $3.1M,
or $253.06 per sf, (land and building). The
Golden Pita opened in the spring of 2014
and also includes the Shag Lounge.
Property Location: 4760 Nome St., Denver
Property Description: 38,194-sf warehouse, concrete const., YOC 1974
Land Size: 43,750 sf
Sales Price: $3M, or $78.55 per sf
Closing Date: 7/28
Grantor: Williams & Williams LTD,
(Andrew Williams, mgr.)
Grantee: Kalyx Colorado 695 Bryant LLC
(George M. Stone, VP, NYC)
Comments: Tenant is the seller, Medicine
Man, 303-373-0752; used for grow purposes. Grantee also purchased 695 Bryant
St., Denver. Buyer appears to be investor
out of New York City.
Property Location: 1235 Umatilla St.,
Denver
Property Description: 38,706-sf warehouse, twin-tee const, YOC 1970
Land Size: 1.17 acres
Sales Price: $2.84M, or $73.37 per sf
Closing Date: 7/7
Grantor: Palo Duro Land & Dev. Ltd.
(Bruce Whisenhunt, mgr.)
Grantee: Umatilla Associates LLC (Marc
S. Lippitt and Scott Shwayder, mgrs.)
Financing: $1.38M payable to seller @ 6%
due 7/9/15
Comments: Listed for sale by Brandon
Paxton of Unique Properties @ $3.176M
and space was available for lease (entire
building) for $15 per sf NNN as of May
2014. Property is zoned for marijuana
grow operation. Buyers are principals with
Unique Properties LLC, 303-321-5888. Seller is principal in Palo Duro Companies
(Palo Duro Hardwoods) 303-375-0280.
Property Location: Vicinity of E. 55th Ave.
& Wabash St., Denver
Property Description: 18 fully entitled
residential lots
Land Size: N/A
Sales Price: $1.91M, or $106,083 per lot
Closing Date: 9/10
Grantor: FC Stapleton II LLC (John C.
Lehigh, VP)
Grantee: Standard Pacific of Colorado,
Inc., 303-779-4100
Comments: Fully entitled. See file
plat recorded via reception number
2014052885, Stapleton Filing No. 45, Lots
2-7, Blk 2, Lots 1-12, Blk 9.
Property Location: 1617 California St.,
Units 101 & 102, Denver
Property Description: 4,462-sf commercial condo (2 units), YOC 1896
Land Size: N/A
Sales Price: $1.87M, or $419.10 per sf
Closing Date: 9/5
Grantor: SCC Properties CA LLC (Thomas Payn, mgr.)
Grantee: 1617 California LLC, (Gary
Antonoff, mgr.) 303-623-0200
Comments: Property was converted to
condos by Charles Woolley in 1995.
Property Location: 695 Bryant St., Denver
Property Description: 20,654-sf warehouse, block const., YOC 1972
Land Size: 43,750 sf
Sales Price: $1.55M, or $75.05 per sf
Closing Date: 9/9
Grantor: Fore Investments LLC (Randal
Ahrens and Michael P. Miller, mgrs.)
Grantee: Kalyx Colorado 695 Bryant LLC
(George M. Stone, VP, NYC)
Financing: $900,000 payable to seller @
5.5%, due 8/31/17
Comments: Buyer acquired 4750 Nome
in July as an investment. Seller (Randy
Ahrens) is mayor of Broomfield and owner
of Frontier Components, 303-460-1498.
Property Location: 3609 Tejon St., Denver,
“Lechuga’s Italian Restaurant”
Property Description: 5,872-sf restaurant,
stucco const., YOC 1966
Land Size: 18,862 sf
Sales Price: $1.3M, or $221.39 per sf
Closing Date: 9/4
Grantor: Lechuga’s Inc. (Charles E.
Lechuga, pres.)
Grantee: GCGallegos LLC (Anthony
Stroup, mgr.)
Comments: Lechuga’s restaurant was
listed for sale for $3 million in early 2013
and was listed by Juanita Chacon of Re/
Max, 720-297-3005. The roof was replaced
in 2013 and the site is zoned U-MX-3. Restaurant is still open as of 9/10/14.
Property Location: Vicinity of E. 55th Ave.
& Wabash St., Denver
Property Description: 10 fully entitled
residential lots
Land Size: 68,106 sf
Sales Price: $1.21M, or $17.74 per sf, or
$120,840 per lot
Closing Date: 9/9
Grantor: FC Stapleton II LLC (John C.
Lehigh, VP)
Grantee: Parkwood Homes – Stapleton III
LLL (Steven Wilcox, pres.)
Financing: Buyer executed $966,720 payable 9/8/15, payable to grantor.
Comments: Two sets of 5 lots located
between East 55th Avenue and Wabash
Street with the median lot size of 7,000 sf.
Property Location: 4950 Oakland St.,
Denver
Property Description: 10,498-sf warehouse, concrete const., YOC 1979
Land Size: 32,680 sf
Sales Price: $1.1M, or $105 per sf
Closing Date: 9/2
Grantor: Great Lakes Properties LLLP
(Randall Breitenbach, gen. ptnr.)
Grantee: Savory Partners LLC (Steven L.
Lederer, mbr.)
Financing: $1.1M payable to Robert and
Jane Nagel Family Trust
Comments: Property was 100% financed
by third party, 2 dock-high doors. Property
will be used for food distribution business;
the financing was effectively the buyer’s
funds used to finance the property. Russell
Gruber and Steve Fletcher of Newmark
Grubb Knight Frank represented the sellers. Matt Kolding of Kolding Commercial
Brokerage represented the buyer
Property Location: 141-143 S. Broadway,
Denver
Property Description: 5,600-sf retail building, brick const., YOC 1899
Land Size: 7,504 sf
Sales Price: $1M, or $178.57 per sf
Closing Date: 9/3
Grantor: Allen Family LLC (Deborah A.
Schultz, mgr.)
Grantee: Leeds West Property Group LLC
c/o Judd and Drew Shader, 303-377-7900
Financing: Grantee executed $800,000
note, payable to Summit Bank Trust
Comments: Drew and Ashley Shader
(grantee) opened Fat Sully’s restaurant
at 143 S. Broadway in February 2013,
specializing in New York style Pizzeria.
The buyers’ other restaurant, “The Denver Biscuit Company,” is located at 141 S.
Broadway. Grantee also has Leeds West
located at 9250 E. Costilla Ave., Ste. 204,
Greenwood Village, 303-980-8748. www.
leedswest.com
Property Location: 4353 Tennyson St.,
Denver
Property Description: 1,204-sf freestanding retail building, brick const., YOC 1916
Land Size: 5,847 sf
Sales Price: $575,000, or $477.57 per sf
Closing Date: 9/3
Grantor: Rush K Calkins
Grantee: Speedy Dog LLC (Marc Lavoie,
mgr.)
Comments: Sold by Linda Fuss at Sierra
Nevada LLC, 303-465-3696.
Property Location: 5453-55 E. Evans Pl.,
Denver
Property Description: 2,740-sf office
building, YOC 1964
Land Size: 12,187 sf
Sales Price: $394,000, or $143.80 per sf
Closing Date: 9/10
Grantor: Goodyear-Mason Partnership (T.
Andrew Goodyear Jr., ptnr.)
Grantee: 5455 EEP LLC (Norman and
Debra Moore, mbrs.)
Financing: $470,000, payable to CapitalSource, a division of Pacific Western Bank
Comments: Property was sold by Eric
Gold of Sheldon-Gold Realty, 303-741-
2500. Property has 15 on-site parking spaces with 700-sf finished basement.

Douglas County

Property Location: 9226 Park Meadows
Drive, Lone Tree, “Shops at Lone Tree”
Property Description: 5,556-sf retail strip
center, stucco const., YOC 2008
Land Size: 0.93 acres
Sales Price: $2.9M, or $521.96 per sf
Closing Date: 9/12
Grantor: Sung Teak Yim
Grantee: LKI Freedom Investments, 5497
Luge Lane, Park City, Utah, 84098
Financing: $470,000, payable to CapitalSource, a division of Pacific Western Bank
Comments: Property was sold by Scott
Hook (949-954-3724) and Ben Gilliam (720-
932-8287), both of Coldwell Banker Commercial on in-place cap rate of 6.37%.
The average lease rate is $33.25 per sf
NNN. Douglas County Assessor shows
the building size to be 5,263 sf.
Property Location: Near Ridgegate Pkwy.,
SE of Commons St., Lone Tree
Property Description: 57 vacant platted
individual apartment sites
Land Size: 3.45 acres
Sales Price: $1.43M, or $9.48 per sf, or
$25,000 per buildable unit
Closing Date: 9/3
Grantor: Lincoln Commons South, c/o
Coventry, Keith D. Simon, 720-279-2581
Grantee: NT Ridgegate MF LLC, Gene
Myers, 303-707-4417
Comments: There are 57 individual lots
totaling nearly 2.36 acres net usable area.
The average size of each lot is 1,800 sf; plus
4 tracts of open space and common area
containing 1.09 acres. The smallest is 915
sf and the largest is 3,093 sf.
Property Location: NEC W. Parker Rd &
Newlin Gulch Rd (terminus) Parker
Property Description: Vacant residential
land (2 deeds combined)
Land Size: 38.68 acres
Sales Price: $2.43M, ,425,000 or $1.44 per sf
Closing Date: 9/12
Grantor: James G. Custis and Lauren and
Hallies Trust
Grantee: Century at Carousel Farms LLC
c/o Century Communities
Comments: Site was sold with entitlements, zoned PD, see Parkeronline, 14-022.
Two transactions with the northerly portion (does not front on W. Mainstreet)
sold for $1.05M, or $1.23 per sf, and the
southerly portion sold for $1,38m, or $1.66
per sf. Original plan calls for 140 homes
and property annexed to the city of Parker.
According to the latest city of Parker hearing, the average home price would be
$350,000 with lots averaging 5,000 sf. The
motion to approve the Carousel Farms
Sketch and Preliminary Plan was denied
on 9/11/14