Colorado Real Estate Journal - September 17, 2014

The Winslow report

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Adams County

Property Location: 12001-12071 Tejon St.,
Westminster, “Metro Tech Center”
Property Description: 11,128-sf officeflex building; 9,012-sf office-flex building;
11,128-sf office-flex building; 9,012-sf officeflex building; 11,128-sf office-flex building,
10,928-sf office-flex building; YOC 1985
Land Size: 5.66 acres
Sales Price: $7.3M, or $109.28 per sf* (used
owner’s stated building size)
Closing Date: 8/7
Grantor: DeCook Metro-Tech LLC (Bruce
DeCook, mgr.) and New Crossroads West
LLC (J. Michael Spriggs, mgr.) c/o Alpha
West Investments, 303-843-9911
Grantee: Midtown Industrial Center LLC
and JCRS II Colfax LLC c/o Matrix Group
Financing: $1.8M payable to Guaranty
Bank & Trust
Comments: 11,882 sf vacant at time of closing. Tyler Carner, 720-528-6397, of CBRE
handled the negotiations of the property
and the leasing. Total of six office-flex buildings containing 62,336 sf (owner shows six
buildings’ size totals 66,801 sf*).
Property Location: 12611-12671 Uinta St.,
Thornton
Property Description: Residential lots
Land Size: 36 residential lots
Sales Price: $3.6M, or $100,000 per lot
Closing Date: 8/12
Grantor: Riverdale Peak LLC (Dave Caillonette, mgr.)
Grantee: Elacora Riverdale (Brian Paul,
CEO) 303-533-1800
Comments: Vic. of SWC E. 128th Ave and
Wabash Place, new home prices will be
priced starting at $450,000.
Property Location: 2501 Dallas St., Aurora
Property Description: 137,930-sf, 3-story
office/warehouse (includes 45,000-sf office
area); 5 dock-high doors, 2 drive-in doors
(including 24’x50’ sliding door); 2,700-sf
drive-in service building; former aircraft
parts manufacturing building
Land Size: 22.47 acres
Sales Price: $2.75M, or $2.81 per sf (land
value)
Closing Date: 8/8
Grantor: Eaton Aeroquip LLC (Sandy Cutler, CEO, Cleveland, Ohio)
Grantee: Flightline Real Estate LLC (Lorin
Ting, ptnr.)
Financing: $1.52M @ 4.5% due May 2015,
payable to Bank of Helmet
Comments: Property was initially listed
for $4.1M and reduced to $2.8M by Jim
Bolt of CBRE, 720-528-6310. There is a letter
dated 6/19/14 to city of Aurora for rezoning from M-1 Light Industrial to SIR (sustainable infill redevelopment). Buyer plans
to redevelop the former Stanley Aviation
Headquarters into a mixed-use urban marketplace and community gathering location
referred to as Stanley Marketplace. There
is an 8’ water main and a 6’ gas main and
some of the improvements will be part of
the redevelopment plan.
Property Location: 481 E. 66th Ave., Denver
Property Description: 2,972-sf storage
warehouse, YOC 1967; two lumber storage
buildings, 1,908 sf and 4,860 sf, YOC 1986
Land Size: 1.38 Acres
Sales Price: $855,000
Closing Date: 8/18
Grantor: Ingle Real Estate LP (Robert L.
Ingle, ptnr.)
Grantee: Starker Service of Colorado
(Charles W. Carlberg, mgr.) 303-670-3138
Property Location: E/S Washington St., S
of E. 98th Ave., Thornton
Property Description: Vacant commercial
land
Land Size: 1.21 acres
Sales Price: $757,000, or $14.31 per sf
Closing Date: 8/11
Grantor: Palm B LLLP (Jack Frymire, ptnr.)
Grantee: BellCo Credit Union
Comments: Proposed Bellco Credit Union
Property Location: NWC Moline St. & E.
Colfax Ave., Aurora
Property Description: 539-sf retail building
(land value), YOC 1975
Land Size: 20,212 sf
Sales Price: $595,000, or $29.69 per sf
Closing Date: 8/18
Grantor: North Cherokee Partners LLP
(Stuart Bombel, ptnr.)
Grantee: Risas Real Estate Equipment c/o
Risas Dental, 480-339-4818
Comments: This is a proposed “Risas” dental office for Dr. Nicholas Porter of Risas
Dental. The property has a 539-sf, 40-yearold building formerly occupied by “Irving’s
Beauty Salon,” but the value is in the land.
The address, 11479 E. Colfax Ave., is located
at a fully signalized intersection of Moline
and Colfax Ave.
Property Location: 2955 W. 91st Place, Federal Heights
Property Description: 2,280-sf auto service
garage, metal construction, YOC 1968
Land Size: 0.49 Acres
Sales Price: $515,000, or $225.88 per sf
Closing Date: 8/8
Grantor: John Schmalz
Grantee: 2955 W 91st LLC (Joseph B. Sanchez II, mgr.)
Comments: Transaction handled by Mark
Goodman and Paul Schneider of Pinnacle
Real Estate Advisors.
Property Location: NEC Chambers Road
& E. 32nd Ave., Aurora
Property Description: Vacant Land
Land Size: 54,200 sf
Sales Price: $433,500, or $8.00 per sf
Closing Date: 8/25
Grantor: Joseph Surfas
Grantee: Chamber Crossing LLC c/o Prudent Development, Dallas
Comments: Proposed 3,062-sf 7-Eleven
C-Store
Property Location: W/S Hwy. 79, north of
Marketplace Drive, Bennett
Property Description: Vacant Land
Land Size: 50,846 sf
Sales Price: $406,770, or $8.00 per sf
Closing Date: 8/18
Grantor: Dillon Companies Inc
Grantee: D&M Holdings LLC (Michael K.
Hoffman, mgr.)
Comments: Proposed Taco Bell

Arapahoe County

Property Location: 9155 E. Nichols Ave. &
8000 & 8005 S. Chester, Centennial
Property Description: 1) 6-story, 169,469-sf
office building, concrete const., YOC 1999; 2)
4-story, 102,274-sf office building, concrete
const., YOC 1999; 3) 4-story, 103,886-sf office
building, YOC 1999 (total 375,629 sf)
Land Size: 1) 9.48 acres; 2) 5.22 acres; 3) 5.99
acres (total 20.37 acres)
Sales Price: $66.85M, or $246.00 per sf
Closing Date: 8/28
Grantor: California State Teachers Retirement System
Grantee: Water view I-III LLC c/o AEW
Capital Management LP, 213-689-3111
Financing: $26.8M payable to Northwestern Mutual Life Insurance, due 9/5/21
Comments: County shows three buildings
containing a total of 388,896 sf, known as
Waterview I, Waterview II and Waterview
III. Director of Acquisitions is Robert Plumb,
617-261-9325. Projected operating expenses
estimated at $7.69 per sf.
Property Location: 4150 E. Mississippi
Ave., Glendale
Property Description: 183-room, 11-story
hotel, 148,697 sf, YOC 1986
Land Size: 4.67 acres
Sales Price: $32M, or $174,863 room
Closing Date: 8/26
Grantor: HP Denver Hotel Owner LLC c/o
DiNapoli Capital Partners, Los Gatos, Calif.
Grantee: Chatham Cherry Creek HP LLC
c/o Chatham Lodging Trust, Florida
Comments: SEC listed Jeffrey H. Fisher, 50
Cocoanut Row, Suite 216, Palm Beach, FL
33480 as the CEO of the buying group.
Property Location: 167 Inverness Drive W.,
Englewood
Property Description: Vacant land
Land Size: 8.26 acres
Sales Price: $4.5M, or $12.50 per sf
Closing Date: 8/26
Grantor: William S. Bergner Family LP, et al.
Grantee: 167 Inverness LLC c/o Mooney
Entprs., 303-761-5213
Comments: Located W/S of Inverness
Drive W., E/S of I-25 @ Spring Green Drive.
Property Location: 15550 E. 6th Ave., Aurora
Property Description: 73,806-sf, two-tenant
retail bldg., brick and block const., YOC
1985 (renovated in 2013)
Land Size: 7.99 acres
Sales Price: $4.45M, or $60.29 per sf
Closing Date: 8/15
Grantor: Karan Hoss, Trustee for Karan
Hoss Trust dated Aug. 9, 2005.
Grantee: 1556 Investments LLC (Richard
O. Campbell, mgr.)
Comments: This property sold to seller
February 2013 for $2M. Tenants include
Sav-A-Lot in approximately 48,676 sf and
Colorado Gymnastics Institute in the balance of the space.
Property Location: 1001 W. Hampden Ave.,
Englewood, “Chuck E. Cheese”
Property Description: 12,296-sf restaurant,
YOC 1970
Land Size: 0.85 acres
Sales Price: $3.96M, or $322.21 per sf
Closing Date: 8/20
Grantor: CEC Entertainment Inc. (Les L.
Lehner, SVP) 972-258-8507
Grantee: National Retail Properties LP
(Chris P. Tessitore, EVP)
Comments: New lease executed between
buyer and seller (Chuck E. Cheese) for 20
years, with four options to extend lease five
years.
Property Location: N/S.E. 13th Place, East
of N. Ursula St., Aurora
Property Description: Vacant hotel site
Land Size: 2.58 acres
Sales Price: $3M, or $26.69 per sf
Closing Date: 8/6
Grantor: Citywide Banks, Thomas W.
McDermott, EVP
Grantee: CPX Aurora FS Hotel LLC, Corporex, Mark Witkiewicz, 303-339-9803
Comments: Planned 245-room full-service
hotel plus 30,000-sf conference center with
525-space standalone parking garage in
conjunction with Aurora Urban Renewal
Authority, Michael Hyman, Deputy City
Attorney. Estimated cost for parking structure is $10.2M and conference center is
$14.2M.
Property Location: N/S.E. 13th Place, East
of N. Ursula St, Aurora
Property Description: Vacant commercial
site
Land Size: 41,427 sf
Sales Price: $2.1M, or $50.69 per sf
Closing Date: 8/6
Grantor: Citywide Banks, Thomas W.
McDermott, EVP
Grantee: Aurora Urban Renewal Authority,
Michael Hyman, Deputy City Attorney
Comments: The parties entered into a
15-year lease with the property containing
46 parking spaces on 0.95 acres. There are
three five-year options to renew.
Property Location: 2045 S. Valentia St.,
Denver, “Los Verdes Business Park”
Property Description: 45,168-sf warehouse,
brick/concrete const., YOC 1975
Land Size: 2.5 acres
Sales Price: $2.4M, or $53.14 per sf
Closing Date: 8/27
Grantor: Los Verdes Investment Co. (Leonard Ripps) 303-796-0166
Grantee: Capra Investment Co LLLP
(Anthony and Barbara Capra) 303-296-1966
Comments: Property is 96% occupied at
time of sale, Phil Yeddis was listing broker,
Unique Properties, 303-321-5888.
Property Location: 3600 S. Clarkson St.,
Englewood
Property Description: 10,000-sf church for
161 seats and 1,860-sf house, YOC 1969
Land Size: 5.94 acres
Sales Price: $2M, or $168.63 per sf
Closing Date: 8/26
Grantor: Bishop & Diocese of Colorado (Jay
A. Swope, pres.)
Grantee: Sanctuary Christian Fellowship
(Edward Clinton Rogers Jr., pres.)
Financing: $1.98M d
Comments: SEC of E. Jefferson Ave. and
S. Clarkson St. Buyer is currently located
at 13065 E. Briarwood Ave. in Englewood,
720-440-3531. Greg Knott and Brad Gilpin
of Unique Properties sold the property.
Property Location: 1389 Quari St., Aurora
Property Description: 17-unit, 3-story apt.
walkup, 9,750 sf, brick const., YOC 1969
Land Size: 15,550 sf
Sales Price: $988,000, or $59,118 per unit, or
$101.33 per sf
Closing Date: 8/29
Grantor: Esmac LLC (Patricia Macias, mbr.)
Grantee: The Denver Fund LLC (Zack
Kobilca, mgr.)
Financing: $779,491 due 8/22/22 payable
to Collegiate Peaks Bank
Comments: All one-bdrm units.
Property Location: 3373 S. Alcott St., Englewood
Property Description: 6-unit, 3-story apt.
building, 5,700 sf, brick const., YOC 1981
Land Size: 18,687 sf
Sales Price: $820,000, or $136,667 per unit,
or $143.86 per sf
Closing Date: 8/26
Grantor: Dennis Mullins, Janice Mullins
and Ruth Lamping
Grantee: Langer Commercial Properties
LLC (Steven Langer, mgr.)
Financing: $615,000 due 9/24/24 payable
to FirstBank @ 4.8%
Comments: All two-bdrm units, 13 parking
spaces with 8 storage garages.
Property Location: 15150 E. Iliff Ave., Aurora
Property Description: 8,530-sf, garden-level office building, YOC 1973
Land Size: 60,862 sf
Sales Price: $690,000, or $80.89 per sf
Closing Date: 8/22
Grantor: Bonnie K. Larson
Grantee: Realty Holdings Corp. (Andres
Romero, pres.) 303-433-3333
Financing: Buyer executed $636,000 due
9/5/14 payable Wells Fargo Bank, NA
Comments: Property was listed by John
Propp Commercial Group (Jeremiah G.
Maupin, 303-692-1816) for $750,000. Property zoned B-1, with south 60’ zoned P-1.
Buyer has two funeral homes in the Denver
area and may use this building for a third
funeral home. Building was renovated in
1994; 80 parking spaces.
Property Location: 537 Olathe St., Aurora
Property Description: 10,500-sf, 7-tenant
industrial building, with seven 10’ x 12’
overhead doors, masonry and steel const.,
YOC 1978
Land Size: 27,328 sf
Sales Price: $610,000, or $58.10 per sf
Closing Date: 8/20
Grantor: Demark F. LLC (Mark and Debra
Saumur, mgrs.)
Grantee: Sunee Kim Watts, 303-779-1811
Comments: Seven industrial condominiums together, each containing 1,500 sf; 18
parking spaces.
Property Location: 2210 S. Chambers Road,
Aurora
Property Description: 1,338-sf restaurant,
stucco const., YOC 1989
Land Size: 34,543 sf
Sales Price: $400,000, or $298.95 per sf
Closing Date: 8/22
Grantor: Kenneth Y. Lee and Sung Lee
Grantee: Bansuk LLC (Chester and Charlyne Hewett, mgrs.)
Comments: Buyer has been approved by
city of Aurora for conditional use to allow
auto service in B-1 zone district. Business
name will be KTC Audio, formerly located at 2151 S. Chambers Road in Aurora,
303-695-6305. This property was formerly
Tokyoya Bowl restaurant and now will
market wheels and tires.

Denver County

Property Location: 55 Madison & 44 Cook
St., Denver
Property Description: 1) 10-story, 124,174-
sf office building, brick const., YOC 1984;
2) 8-story, 124,739-sf office building, brick
const., YOC 1983
Land Size: 1) 1.02 acres; 2) 1.54 acres
Sales Price: $75M, or $301.31 per sf
Closing Date: 8/18
Grantor: ICPSW Denver One LLC (Greg
MacDiarmid, mgr.) c/o Schnitzer West, 206-
626-3700 (Dan Ivanoff is managing investment partner)
Grantee: DPF Cherry Creek LLC (Black
Creek Group, Inc.) John A. Blumberg, Jim
R. Mulvihill and Evan H. Zucker, principals,
303-869-4600
Comments: County shows two buildings
containing a total of 263,196 sf.
Property Location: 1880 Arapahoe St., Denver, “The Apartments at Denver Place”
Property Description: 193-unit high-rise
apartment (floors 20-37), 175,477 sf, concrete
pier foundation with precast concrete panel
and glass construction, YOC 1983
Land Size: 15,100 sf
Sales Price: $38.78M, or $200,907/door, or
$220.97 per sf
Closing Date: 8/22
Grantor: SAS Mortgage Trust Denver Place
LLC (SAS Equity REIT) Ronald J. Campbell,
Trustee 727-331-8444
Grantee: WRPV XII Denver c/o Waterton
Associates LLC, 312-948-4500
Financing: Buyer executed $28.8M, payable
to Walker & Dunlop LLC
Comments: Mark Stern is SVP, Acquisitions
for buyer, 312-948-4560. Floor plans include:
16 1-bdrm units @ 640 sf; 124 1-bdrm units
@ 768 sf; 1 1-bdrm unit @ 865 sf; 9 1-bdrm
units @ 948-994 sf; 5 1-bdrm units @ 1,020
sf; 1 2-bdrm/2-bath unit @ 1,360 sf; 1
2-bdrm/2-bath unit @ 1,411 sf; 34 2-bdrm
/2-bath units @ 1,421 sf; 3 2-bdrm/2-bath
units @ 1,630 sf; and one 3-bdrm/2-bath
unit @ 2,191 sf. Average size is 909 sf with
the average rent @ $1,612 per month, or
$1.77 per sf. Rental rates range from $1.51
per sf to $2.04 per sf, with typical renovated
unit @ $1.94 per sf. Sold by ARA Real Estate
with Jeff Hawks & Doug Andrews and
ARA team. 193 parking spaces (76 reserved
@ $100 per month; 117 spaces). Access to
68,000-sf Forza Fitness & Performance Club
and access to 9,000-sf spa.
Property Location: 700-702 W. 48th Ave.,
Denver
Property Description: 77,251-sf warehouse,
2 bldgs., YOC 1985
Land Size: 4.4 acres
Sales Price: $5.3M, or $68.61 per sf
Closing Date: 8/25
Grantor: New 48th Warehouse LLC (Chris
R. King, mgr.)
Grantee: The Rose Properties LLC (Dinsdale Brothers Inc., 970-522-3766)
Comments: Seller acquired the property
from First Industrial LP for $4.6M on June
27, 2007, and executed a $3.55M loan payable to All State Life Insurance Company
with a loan balance of $2.91M as of 8/1/12
and extended to 8/1/15. Chris Dinsdale is
based out of Sterling and is co-chairman of
Bank of Colorado. Sold by Tyler Carner of
CBRE.
Property Location: 2860 W. 32nd Ave.,
Denver
Property Description: 37-unit, 3-story
walkup building, *19,373 sf, brick const.,
YOC 1961
Land Size: 21,800 sf
Sales Price: $5.1M, or $106,757/door
Closing Date: 8/21
Grantor: JMDR LLC (Jason and Adria
McCool, Darrow and Kristina Rogers,
mbrs.)
Grantee: Shinji Wakura, Lake Forest, Ill.
Financing: Buyer executed $2.55M payable
9/1/44 to BOFI Federal
Comments: Property was listed and sold
by the Calame Lewallen team at Pinnacle RE Advisors. *Broker shows 24,069 sf
compared to Denver Assessor’s 19,373 sf.
Deerwoods Real Estate Management LLC
is the property manager for the property.
See prior sale in Feb. 2014 for $3.95M. 21
covered space and 5 surface parking spaces.
Property Location: 368 & 400 S. Broadway,
Denver
Property Description: 17,859-sf, 2-story
office building, brick const., YOC 1965
Land Size: 43,249 sf
Sales Price: $3.7M, or $76.42 per sf
Closing Date: 8/28
Grantor: Girl Scouts of Colorado (Stephanie
Foote, pres.)
Grantee: Vista Park III, et al. c/o Sam Leger
of Unique Properties, 303-321-5888
Financial: $3.81M payable to Vectra Bank
Comments: Property fronts NEC S. Broadway and E. Dakota Ave. (23,270-sf parking lot) and SEC of S. Broadway and E.
Dakota Ave. (19,980 sf, including 2-story
office building). Buyer was represented by
Sam Leger and Tim Finholm of Unique
Properties LLC, 303-321-5888. Scott Shwayder of Unique Properties was the signer on
the deed of trust, representing 400 South
Broadway LLC.
Property Location: 1) 2501 Welton St.; 2)
740 25th St., Denver
Property Description: 23,670-sf block warehouse, YOC 1995; 2) parking lot
Land Size: 1) 29,818 sf; 2) 7,517 sf
Sales Price: $3.24M, or $136.78 per sf
(improvements)
Closing Date: 8/20
Grantor: Highland Investments LLLP (Roxanne Fie Anderson, GP)
Grantee: HMS Family (57%) Nonny Holdings LLC (35%) and HCPS LLC (8%). Bridget Blevins is manager of Nonny Holdings
LLC and Hamid Simantob is member of
HMS Family LLC and HCPS LLC, c/o
Simha Group, 303-363-7800 or 303-339-6400.
Financing: Buyer executed $2.15M payable
8/20/16 to Guaranty Bank & Trust, Chris
Erickson (loan officer)
Comments: Two separate properties that
are not adjoining; 37,335 sf total land area.
2501 Welton is on the north corner Welton
St. and 25th St. while 740 25th St. is located
on the west corner 25th St. and California St.
Property Location: 5395 E. 39th Ave., Denver
Property Description: 34,022-sf warehouse,
brick const., YOC 1957
Land Size: 1.49 acres
Sales Price: $2.6M, or $76.42 per sf
Closing Date: 8/19
Grantor: Loeck LLC (Lawrence & Diana
Loeck, mgrs.)
Grantee: Split Mountain Commercial 3
LLC (Erik Rudolph, mgr.) 303-868-1113
Comments: Property can be divided into
two units. There are 6 dock-high doors and
3 drive-in doors. Property was vacant at
time of sale.
Property Location: 4300 N. Forest St., Denver
Property Description: 20,200-sf warehouse,
metal const., YOC 1976
Land Size: 56,193 sf
Sales Price: $2.05M, or $101.49 per sf
Closing Date: 8/22
Grantor: Parker’s Real Estate Holding LLC
(Kathleen A. Lantz, mgr.)
Grantee: Azcolo LLC, Brad D. Larson, 719-
243-7206
Comments: Property was listed by Matt
Call, 720-420-7530, of NavPoint Real Estate
Group for $2.2M. Property sold in December 2011 for $1M. Buyer is active real estate
broker and certified general appraiser in the
state of Colorado. Property is zoned I-B for
marijuana grow facility. Property is fenced
with paved yard, 16’ clear height, 2 dockhigh doors and 2 drive-in doors.
Property Location: 1303 Columbine St.,
Denver
Property Description: 17-unit, 3 story walkup, 9,393 sf, brick const., YOC 1967
Land Size: 6,250 sf
Sales Price: $1.9M, or $85,000/door
Closing Date: 8/22
Grantor: Marching LLC (David John Beattie, mgr.)
Grantee: Columbine Street Apartments
LLC (Marc Jason, mgr.)
Financing: Buyer executed $1.24M due
9/1/44 payable to JPMorgan Chase Comments: Buyer’s company, Laramar Group,
is based out of Chicago. Bennett Neuman is
SVP of Acquisitions, 303-991-0094, and Jeff
Elowe is CEO of company. Brian Haggar of
Marcus & Millichap was the exclusive listing agent and reported an in-place cap rate
of 6.7%, with operating expenses of $3,100
per door.
Property Location: 1345 Monroe St., Denver
Property Description: 12-unit, 3-story center-hall building, 10,415 sf, brick const., YOC
1961
Land Size: 5,941 sf
Sales Price: $1.9M, or $157,917/door, or
$181.95 per sf
Closing Date: 8/25
Grantor: 1345 Monroe LLC (Andrew
Stettner, mgr.)
Grantee: Clarence and Patricia Pfeifer
Financing: Buyer executed $1.23M due
9/1/44 payable to JPMorgan Chase Comments: Upgraded electrical system, units
extensively renovated, new windows with
new high-efficiency boiler and hot water
system. 4 parking spaces. Property was listed for $1.83M with Greg Johnson and Kyle
Malnati of Madison Commercial Properties,
with 1 studio ($825 per month) & 11 1-bdrm
($961 per month). Operating expenses projected at $3,083 per unit and 5.9% cap rate.
Property Location: 2800 W. 26th Ave., Denver
Property Description: 16-unit, 2-story cen
ter-hall building, 8,730 sf, YOC 1957
Land Size: 11,000 sf
Sales Price: $1.65M, or $103,125/door, or
$189.00 per sf
Closing Date: 8/26
Grantor: Bruce A. Roberts
Grantee: 285 S. Lincoln LLC (Matt Lewallen, 303-962-9561) and Don Brennan
Financing: Buyer executed $1.35M due
9/1/24 payable to FirstBank
Comments: This property was down-leg
in a 1031 exchange for property located at
285 S. Lincoln, containing 12 units, which
sold in June 2014 for $1.43M. Transaction
was handled by Matt Lewallen and Kevin
Calame, 303-962-9535.
Property Location: NEC Trenton St. & E.
53rd Ave., Denver
Property Description: 11 vacant residential
lots
Land Size: 51,150 sf
Sales Price: $1.14M, or $104,055 per lot
Closing Date: 8/21
Grantor: FC Stapleton II LLC (John C.
Lehigh, VP)
Grantee: Boulder Creek Stapleton LLC
(Steve Erickson, mgr.)
Comments: New plat was recorded on May
9, 2014, see 2014052885 (see legal description Lots 2-12 Blk 15, Stapleton Filing No.
45). The purchaser has sold 16 homes in the
Stapleton area this year. It also purchased an
additional 9 lots in 2014 for a total price of
$927,000 in two separate transactions.
Property Location: 920-930 W. Byers Ave.,
Denver
Property Description: 3,646-sf warehouse,
YOC 1952; 7,400-sf office/warehouse, YOC
1988
Land Size: 22,001 sf
Sales Price: $1.2M, or $108.64 per sf
Closing Date: 8/22
Grantor: Kathleen S. Fox, personal rep for
Miriam L. Brady
Grantee: Rock 1 LLC, Cheyenne, Wyo.
Comments: Seller is active real estate broker
in the state of Colorado. 11,046 sf total area.
Property Location: 3529-3559 W. 16th Ave.,
Denver
Property Description: 8-unit, 1-story apt.,
3,221 sf, brick const., YOC 1946
Land Size: 16,600 sf
Sales Price: $985,000, or $123,125/door
Closing Date: 8/15
Grantor: LGI, Inc. (Brandis Meeks, pres.)
Grantee: GHP Enterprises LLC (Guy H.
Brazell and Paul Mason, mgrs.)
Financing: Buyer executed $640,250 due
9/1/44 payable to Citywide Banks Comments: Property is located on NEC of W.
16th Ave. and Lowell Blvd. and is zoned
G-MU-3. See prior sale from Erwin Kasztl
Family Trust to LGI, Inc. for $764,000, dated
8/15/14.
Property Location: 1270 Wolf St., Denver
Property Description: 10-unit, 3-story
walkup, 8,440 sf, brick const., YOC 1971
Land Size: 15,100 sf
Sales Price: $850,000, or $85,000/door
Closing Date: 8/22
Grantor: My Taxes are Too High LLC (Joe
Schneckenburger, mgr.)
Grantee: Kathleen and Ian Whitney, Lakewood
Financing: Buyer executed $350,000 due
9/1/44 payable to JPMorgan Chase
Comments: Seller is active real estate broker
in the state of Colorado.
Property Location: 4531 W. Seventh Ave.,
Denver
Property Description: 4-unit apt.; 4,022-sf
duplex, YOC 1951
Land Size: 15,600 sf
Sales Price: $575,000, or $95,833/door
Closing Date: 8/22
Grantor: My Taxes are Too High LLC (Joe
Schneckenburger, mgr.)
Grantee: Eagle Run LLC (Glenn S. Currie,
mgr.)
Financing: Buyer executed $423,750 due
9/1/24 to Sooper Credit Union.
Comments: Seller is active real estate broker
in the state of Colorado. Property was listed
in June 2014 by Pinnacle Real Estate Advisors. Apartment at 4531 W. Seventh Ave.;
duplex is located at 701-705 Utica St.

Douglas County

Property Location: Vic. NWC Monarch
Blvd & Lagae Road, Castle Rock
Property Description: 166 residential lots
Land Size: 49.8 acres
Sales Price: $10M, or $60,241 per lot, or
$4.61 per sf
Closing Date: 8/17
Grantor: R.I. Management of Tulsa Inc.
Grantee: Lennar Colorado LLC
Comments: Lots are fully entitled.
Property Location: SWC Scott Ave. &
North S.H. 83, Parker
Property Description: Farm and residential
improvements
Land Size: 250.43 acres
Sales Price: $5.2M, or $20,744 per acre
Closing Date: 8/15
Grantor: BZH Land Company LLC (Scott
Gibler, VP)
Grantee: Choke Cherry Investors LLC by:
U.S. West Prop. (Michael Sanders, mgr.)
Financing: Buyer executed $4.53M @ 10%
due 5/20/15 payable to seller.
Comments: Subject to water lease recorded
1/8/88, reception no. 8800487.
Property Location: 7510 Parkway Drive,
Lone Tree “Chuck E. Cheese”
Property Description: 12,555-sf restaurant,
YOC 1994
Land Size: 2.56 acres
Sales Price: $5.52M, or $439.84 per sf
Closing Date: 8/20
Grantor: CEC Entertainment Inc. (Les L.
Lehner, SVP) 972-258-8507
Grantee: National Retail Properties LP
Comments: New lease executed between
buyer and seller (Chuck E. Cheese) for 20
years, with four options to extend lease five
years.
Property Location: E/S Interstate 25, South
of Canyon Lane, Castle Rock
Property Description: Vacant land
Land Size: 62.94 acres
Sales Price: $3M, or $1.09 per sf
Closing Date: 8/29
Grantor: PC East LLC (Jack A. Vickers III,
mgr.)
Grantee: Promenade Castle Rock LLC c/o
Alberta, Don Provost, 303-771-4004
Comments: 4233 Nome St. with frontage
on Evalena Road, in Castle Rock.
Property Location: 11804 E. Oswego St.,
Englewood
Property Description: 6,115-sf retail building, YOC 2004
Land Size: 1.27 acres
Sales Price: $1.6M, or $14.31 per sf
Closing Date: 8/20
Grantor: L&O Realty LLC (Rick Campbell,
mbr.)
Grantee: PC Investments LLC (Mark Allen
Petty, mgr.)
Financing: Buyer executed $800,000 due
9/1/19 payable to Wells Fargo Bank
Comments: Listing broker was CBRE.
Property Location: SWC Black Feather
Trail & Woodlands Blvd.
Property Description: Vacant land, 83
apartment units proposed
Land Size: 5.75 acres
Sales Price: $1.5M, or $18,072 per buildable
unit, or $5.99 per sf
Closing Date: 8/17
Grantor: Black Feather Land LLC (Richard
R. Patten, pres.)
Grantee: BF Investments, by Resolute
Investments, Inc. (Gary E. Rohr, pres.)
Comments: Sold in March 2010 for $300,000
to Patten Development Corp. Grantee contact is 303-645-0555 or Kristopher Barnes @
303-572-4371.
Property Location: East Corner Sky Ridge
Ave. & Trainstation Circle, Lone Tree
Property Description: Vacant Land
Land Size: 2.248 acres
Sales Price: $1.08M, or $11.00 per sf
Closing Date: 8/17
Grantor: Ridgegate Investments LLC (Robert E. Asselbergs) 212-752-6164
Grantee: CS Lone Tree LLC c/o Charles
Schwab & Co., San Francisco
Comments: Seller is Coventry Development Corp., Keith D. Simon, Lone Tree,
720-279-2581, with buyer contact is Joseph
R. Martinetto, CFO, 415-667-4700.
Property Location: 701 Park St., Castle
Rock
Property Description: 8,325-sf industrial/
flex building, masonry const., YOC 1985
Land Size: 32,857 sf
Sales Price: $770,000, or $92.49 per sf
Closing Date: 8/18
Grantor: Winnson Park LLC (Joseph W.
Howard Jr., et al.)
Grantee: DLK Holdings LLC (Jason T.
Nagaki and Paul A. Riddell, mbrs.)
Financing: $615,000 due 8/18/21 payable
to First-Citizens Bank & Trail, Raleigh, N.C.
Comments: Multitenant investment property.
Property Location: 18561 & 18571 E. Mainstreet, Parker
Property Description: Vacant commercial
land, proposed 3,954-sf Culver’s restaurant
with 49 parking spaces
Land Size: 47,768 sf
Sales Price: $650,000, or $13.60 per sf
Closing Date: 8/8
Grantor: The Main & 20 Center LLC (J.
Andrew Ausmus, mgr.)
Grantee: CR Real Estate #2 c/o Culvers
Restaurant (Nick Magera) 605-610-9183
Financing: $1.52M @ 4.5% due May 2015
payable to Bank of Helmet
Comments: Property is located on the NEC
E. Mainstreet and Twenty Mile Road and
replatted as Lot 36A, Twenty Mile Village 2,
10th Amendment.