Colorado Real Estate Journal - May 20, 2015
Property Location: NWC Interstate 225 & E. Smith Road, Aurora Property Description: Vacant industrial land Land Size: 14.66 acres Sales Price: $3.19M, or $5 per sf Closing Date: 4/30 Reception No.: 2015000031716 Grantor: Furniture Row Colorado LLC Grantee: CAGSPI Xanadu LLC (Greg Streech, mgr.) 303-669-9532 Comments: M-3 Zoned Land. Buyer is planning on a 260,000-sf warehouse. Property Location: 6981 Ash St., Commerce City Property Description: 14-unit, 3-story apt. complex, 11,664 sf, brick const., YOC 1963 Land Size: 12,500 sf Sales Price: $945,000, or $67,500 per unit, or $81.02 per sf Closing Date: 4/20 Reception No.: 2015000028378 Grantor: Ash Apartments LLC Grantee: 6981 Ash Street Apartments LLC Financing: $2.61M payable to JPMorgan Chase Bank, due 5/1/45 (60% LTV) Comments: The buyer was represented by Rob Lawson of Pinnacle RE Advisors. Property Location: 7130 Lowell Blvd., Westminster, “Lowell Flats” Property Description: 18-unit, 2-story walkup apt. complex, 10,900 sf, YOC 1960 Land Size: 17,850 sf Sales Price: $995,000, or $67,500 per unit, or $81.02 per sf Closing Date: 4/20 Reception No.: 2015000028378 Grantor: Tse Sim Kuen Wong and Tse Chun Keung Grantee: 71st & Lowell Apartments LLC c/o Urban Public (Ryan Lawless and Neil Shah, Principals) 303-292-0095 Financing: $625,000 payable to Alpine Bank Comments: The buyer was represented by John Laratta, 303-607-0025, of Berkadia. There are 14 1-bedroom units and 4 2-bedroom units. Property Location: NEC E. 126th Ave. & Washington St., Thornton Property Description: Vacant land Land Size: 7.09 acres Sales Price: $787,099, or $2.55 per sf Closing Date: 4/20 Reception No.: 2015000031575 Grantor: Hunter Douglas Specialty Products Inc. Grantee: G & G Property Holdings LLC (Stephen G. Gressett, mgr.) 918-583-3333 Comments: The site is signalized at corner of East 126th Ave. and Washington St.
Property Location: 1950 S. Dayton St., Denver, “Morningstar at Dayton Place” Property Description: 104 independent units, 76 assisted living suites, 17 Alzheimer’s units Land Size: 8.21 acres Sales Price: $39.82M Closing Date: 4/1 Reception No.: D5045079 Grantor: CLP Denver CO Continuing Care Owner LLC (Tracey B. Bracco, VP) Grantee: SNH/LTA Properties Trust, Newton, MA 02458, 617-796-8390 Comments: The units include: 1-bedroom with 688 sf; 2-bedroom/2-bath with 810 sf; 2-bedroom/1-bath with 720 sf; studio with 540 sf; assisted living suite with 537 sf; assisted living studio with 420 sf. Buyer is Reit Management and Research, David Hegarty, EVP. Property Location: 9100 E. Mineral Ave., Englewood, “Vantage Point” Property Description: 160,169-sf, 4-story office building, YOC 1989 Land Size: 8.21 acres Sales Price: $24.26M, or $151.45 per sf Closing Date: 4/1 Reception No.: D5031712 Grantor: IBC Denver IX LLC (Wilford M. Farnsworth III, mbr.) 480-362-9601 Grantee: Centura Health Corp., Scot Brooks, dir. of RE Comments: Brian Mott is the Denver contact for the seller, 720-259-1435. Property Location: 10750 E. Iliff Ave., Aurora, “Havana Park” Property Description: 69,221-sf neighborhood shopping center, YOC 1985 Land Size: 6.69 acres Sales Price: $6.11M, or $88.20 per sf Closing Date: 4/16 Reception No.: D5038658 Grantor: Havana & Iliff LLC (Gary H. Schlatter, mgr.) 303-783-9499 Grantee: Bridge Creek LLC (Jerome K. Jang, mbr.) 303-523-4810 or jeromejang@msn.com Financing: $3.36M @ 3.95% payable to FirstBank, due 5/1/20. Comments: The seller is CEO of OraLabs Inc. There are 345 parking spaces and the center was 92% occupied at time of sale. The lease rate is quoted at $11.50 per sf triple net. Located on southeast corner of E. Iliff Ave. and S. Havana St. Property Location: 1005 S. Jamaica St., Aurora, “Stanford Court Apts.” Property Description: 80-unit, 3-story apt. bldg., 54,753 sf, brick const., YOC 1971 Land Size: 1.78 acres Sales Price: $6M, or $75,000 per unit, or $109.58 per sf Closing Date: 4/17 Reception No.: D5038475 Grantor: Stanford Partners LLC (Ryan Floyd, mgr.) 303-321-5888 Grantee: Gaylord Family Partnership LLLP (Donald M. Gaylord, ptnr.) Financing: $4.5M payable to Bellco Credit Union, due 4/17/25 Comments: Ryan Floyd of Unique Properties LLC and the apartment team negotiated the sale of the property. There are 33 1-bedrooms @ 550 sf, rent for $765/mo; 12 2-bedrooms/1-bath @ 715 sf, rent $875/mo; 18 2-bedrooms/2-baths @ 785 sf, rent for $920/mo; and 17 2-bedroom/2-baths that rent for $950/mo. The last sale was February 2013 for $4.18M. 190 parking spaces and gross income multiplier is 7.30. Property Location: 6900-6950 E. Belleview Ave., Greenwood Plaza Property Description: Two 23,022-sf, 3-story office buildings, stucco const., YOC 1979 Land Size: 4.7 acres Sales Price: $5.2M, or $121.94 per sf Closing Date: 4/29 Reception No.: D5031712 Grantor: BG 1671 Washington St LLC (Jason L. Busboom), Dallas TX 75252 Grantee: 6900 E Belleview LLC (Nathan A. Schnabel, mgr.) 303-825-1244 Financing: $4.2M payable to SunFlower Bank, NA, due 4/30/25 Property Location: 3555 S. Clarkson St. & 707 E. Jefferson Ave., Englewood Property Description: 9,401-sf, 2-story medical building, YOC 1977 (interim use) Land Size: 1.88 acres Sales Price: $3.3M, or $40.30 per sf (land value) Closing Date: 5/4 Reception No.: D5043037 Grantor: DBR Englewood LLC (David B. Richardson, mgr.) Grantee: KRF 965 LLC c/o Kentro Group (George Balafas, mgr.) 303-500-0945 Financing: $2.39M payable to FirstBank @ 4.25%, due 5/1/17 Comments: The sale was negotiated by MC Commercial Real Estate, Dottie Regas, 303-758-3336. The property is located on the NWC of South Clarkson and Hampden and is contiguous to the medical building located at 3555 S. Clarkson St. The property located at 707 E. Jefferson Ave. contains 1.15 acres and the medical building located at 3555 S. Clarkson St. contains 0.73 acres. The buyer is areal estate developer and eventually will develop the site. Property Location: SWC S. Fairplay St. & E. Broncos Parkway, Englewood Property Description: Vacant land Land Size: 19.77 acres Sales Price: $2.35M, or $2.72 per sf Closing Date: 4/9 Reception No.: D5035289 Grantor: Dove Valley Business Park Associates (Angelo Mariani) 303-861-7682 Grantee: Heirborn Partners LLC, 18338 S. Progress Way, Parker CO (Michael and Brad Conner, mbrs.) c/o Mountain Man Nut & Fruit Co., 303-841-0915 Comments: Possible plans to build Mountain Man Distribution Center. Property Location: 8136 S. Grant St., Littleton Property Description: 21,892-sf flex building, metal and glass const., YOC 1978 Land Size: 1.93 acres Sales Price: $2.25M, or $107.35 per sf Closing Date: 4/9 Reception No.: D5032790 Grantor: 8136 Grant LLC (Brian Watson, mgr.) 303-893-9500 Grantee: Denver Studio Complex LLC (Kenneth A. Seagren, mgr.) 303-722-4747 Financing: $1.35M SBA loan payable to Wells Fargo, NA, due 3/31/17 Comments: Buyer will use the space for his business, Lighting Service Inc., which is located at 800 S. Jason St., www.lsiden ver. com or kseagren@lsidenver.com Property Location: 5179 S. Broadway, Englewood Property Description: 2-story office building, 7,888 sf, fractured block, YOC 1989 Land Size: 1.27 acres Sales Price: $1.5M, or $76.92 per sf Closing Date: 4/8 Reception No.: D5034454 Grantor: Enterprise Leasing Company Denver (Steve Topalian, GM) Grantee: EPD Properties LLC (Mitch Pierce, mgr.) Phoenix AZ Financing: $8.8M payable to JPMorgan Chase, due 4/30/25 Comments: Property is located on the southwest corner of Lehow Ave. and S. Broadway and will be used as an auto dealership.
Property Location: 3003 Valmont Road, Boulder, “Orchard Grove Mobile Home Park” Property Description: 216-pad mobile home park Land Size: 32.14 acres Sales Price: $14.88M, or $68,866 per pad Closing Date: 3/2 Reception No.: 03330360, 0343062, 0343064 (3 deeds combined) Grantor: Orchard Court Development Co. Grantee: Orchard Grove MHP LLC 300 E. Maple Road, Ste. 200, Birmingham, MI 48009, 248-594-2300, www.rivstone.com c/o Riverstone Communities Comments: There are only two pads available and the rent is $635 per month, which includes water. Property Location: 1812 Boxelder, Louisville Property Description: 34,329-sf, 2-story office/flex bldg., concrete tilt-up construction, YOC 1995 Land Size: 6,829 sf Sales Price: $4.86M, or $141.64 per sf Closing Date: 4/24 Reception No.: 03441453 Grantor: 1812 Boxelder LLC (Barbara L. Grogan, Etkin Johnson) 303-650-6500 Grantee: De Pietro Corp. Comments: Ryan Good of Etkin Johnson represented the seller, 303-223-0496 or rgood@etkinjohnson.com. Property last sold in November 2008 for $2.6M. 1 dockhigh door, 2 grade-level doors, 25-foot clear height. Property Location: 1109 Walnut St., Boulder, “Boulder Absinthe House Lounge” Property Description: 8,670-sf restaurant/ lounge, masonry const., YOC 1911 Land Size: 6,829 sf Sales Price: $4.1M, or $472.90 per sf Closing Date: 4/24 Reception No.: 03441596 Grantor: Walnut Street 1109 LLC (Frank Schultz, 303-226-1555, Ext. 1100) Grantee: Walnut Alliance LLC (Don Strasburg, mgr.) Comments: Seller’s email is frank@tavernhg.com. The seller owns several nightclubs in the Denver metro area. The buyer is a partner in the Fox Theatre in Boulder and is involved with AEG Live Rocky Mountain, a music promoter. Property Location: 1964 28th St., Boulder, formerly “Golden Lotus Restaurant” Property Description: 4,712-sf restaurant w/150 seats, YOC 1965 Land Size: 34,600 sf Sales Price: $3.5M, or $742.78 per sf Closing Date: 3/15 Reception No.: 343919 Grantor: T.W. Chen and Victoria S. Chen Grantee: Nepal Two LLC, 110 N. Jefferson St., Nederland CO 80466 (Resham Gurung and Lok Malla, mgrs.) 303-258-1169 Financing: $2.45M payable to (SBA Loan) to Seacoast Commerce Bank Comments: Buyer has owned the Kathmandu (Indian) Restaurant in Nederland since 1999. Property Location: 10442 N. 75th St., Longmont Property Description: Misc. residential buildings, land value Land Size: 146.41 acres Sales Price: $3.45M, or $23,564 per acre Closing Date: 3/15 Reception No.: 03433613 Grantor: Professors Fund V LLC, c/o Professors Capital, 858-755-0615 Grantee: Alan and Dennis Villavicencio, c/o Dr. Alan T. Villavicencio, 303-938-5700 Comments: Sale of the property was handled by Mike Wafer and Bruce Mawhinney of NGKF and property will be used for agricultural purposes until demand for commercial and industrial is deemed appropriate. Property Location: 2035 Meadows Drive, Longmont Property Description: 2 buildings, 33-unit, 3-story walkup apt., 25,974 sf, YOC 1973 Land Size: 50,645 sf Sales Price: $2.42M, or $73,333 per door, or $93.17 per sf Closing Date: 5/1 Reception No.: 03443191 Grantor: Betchart 2015 Charitable Remainder Unitrust (Margaret M. Betchart, Trustee) 408-252-4910 Grantee: Lanyon Park RE LLC (John O’Hara, mgr.) Amber & Madi LLC and Lassers Property Management LLC (Amy Jo Lassers, mgr.) Comments: Kip Farnsworth is the principal for this sale and can be reached at 303-931- 4011, A Better Way Real Estate. Property Location: 305 McCaslin Blvd., Louisville Property Description: 10,029-sf retail center, YOC 1997 Land Size: 60,671 sf Sales Price: $1.98M, or $194.22 per sf Closing Date: 4/10 Reception No.: 03438810 Grantor: FRP Entprs LLLP, Frank R. Pierce Jr. and Jeanne Jackson Exempt Trust Grantee: 305 McCaslin LLC Comments: Tenants include Bean and Berry Coffee Shop, Continental Cleaners, Success Martial Arts, Doodlebugs Art Studio. Transaction handled by Hunter Barto of Dean Callan & Co. Property Location: 4041 Hanover, Boulder Property Description: 9,190-sf, 2-story office building, masonry const., YOC 1999 Land Size: 22,064 sf Sales Price: $1.8M, or $195.91 per sf Closing Date: 4/1 Reception No.: 03436971 Grantor: Hanover/Boulder LLC (Dennie P. Wise III, mgr.) Grantee: 4041 Hanover LLC, c/o 8z Real Estate (Lane D. Hornung, 303-543-3083) Financing: $1.44M payable to Guaranty Bank & Trust Comments: Buyer occupies second floor of this building and Hornung is managing broker of 8z Real Estate Boulder. Seller is real estate broker with Berkshire Hathaway, 303-494-7700 Property Location: 1107 Century Drive, Louisville, “Planned 2-sty nursing home” Property Description: Vacant land Land Size: 17,664 sf Sales Price: $975,639, or $8.62 per sf Closing Date: 4/28 Reception No.: 03442381 Grantor: Centennial Valley Properties III LLC, c/o Koelbel Development (Buz Koelbel, pres.) 303-758-3500 Grantee: Flatirons Health Development LLC, c/o Physicians Development Group, Butch Nuss, 7200 W. 13th St. N., Wichita KS 67212, 913-526-8984 Comments: Property is located north side Century Drive, approximately 500 feet east of Centennial Parkway. Buyer plans to build a 48-bed (private rooms) skilled-nursing facility that includes four 2-story buildings containing 45,118 sf. Property Location: 1850 Mountain View Ave., Longmont Property Description: 3,245-sf MOB, masonry const., YOC 1960 Land Size: 17,664 sf Sales Price: $675,000, or $208.01 per sf Closing Date: 4/21 Reception No.: 03440979 Grantor: Dr. Don E. Wilson, 303-772-3450, and Dr. Calvin Zen, 303-772-5050 Grantee: 1850 Mountain View LLC (Jeanne Jackson, mgr.) Comments: Property is located on the northeast corner of Tulip Drive and Mountain View Ave. Property Location: 1305 Plaza Court North, Lafayette Property Description: 4,950-sf, day care building, masonry const., YOC 1985 Land Size: 34,264 sf Sales Price: $625,000, or $126.26 per sf Closing Date: 4/30 Reception No.: 03442848 Grantor: Supermarket Liquors Inc. Employee Pension Trust Grantee: Educational Capital Solutions LLC Comments: Property is located on the northwest corner of Centaur Village and Plaza Court North. Buyer has purchased several closed day care facilities in Denver metro area.
Property Location: 4700 E. Mississippi Ave., 4697 E. Louisiana Ave., Denver, “Lodge at Aspen Grove” Property Description: 264-unit apt. complex, YOC 1970 Land Size: 9.445 acres Sales Price: $30.85M, or $116,856 per sf Closing Date: 4/13 Reception No.: 2015051466 Grantor: Glendale Lodge (50%) and Denver Glendale Lodge (50%), c/o Jackson Square Properties LLC, attn: Curtis S. Gardner and Thomas J. Coates, 415-273-2148 Grantee: CR Aspen Grove Communities, c/o ColRich, San Diego, CA 92101, attn: Steve Butler, VP/director of acquisitions Financing: $2.32M payable to Walker & Dunlop LLC Comments: The building comes in two floor plans. This building was formerly Oakhurst Apartments. Brookdale and HCP entered into an agreement to acquire Chartwell Retirement Residences (portfolio) representing 5,025 units for $849 million. HCP corporate headquarters is located in Irvine, CA, 949-407-0700. Property Location: 8030 E. Girard Ave., Denver, “Brookdale Tamarac Square” Property Description: 170-unit, 143,735-sf, 12-story senior apt. bldg., YOC 1971 Land Size: 2.49 acres Sales Price: $15M, or $88,235 per unit, or $104.36 per sf Closing Date: 4/13 Reception No.: 2015047201 Grantor: Ezekiel Associates LLC, Roger A. Rieger, mgr, 411 University St, Ste. 1200, Seattle WA 98101, 206-343-2337 Grantee: BKD Tamarac Square Propco LLC c/o Brookdale Senior Living Inc., 615-221- 2250, attn: Todd Kaestner, EVP, Development, Harvey Freeman, Real Estate Director 615-564-8163 Comments: 100 1-bedroom units rent for $1,860/mo and 70 2-bedroom units rent $1,910 to $2,545, depending on location in the building. Property Location: 929 Marion St, Denver “The Stanley” Property Description: 43 unit 4 sty “centerhall” apt complex w/18,822 sf, YOC 1925, brick construction, with 31 parking places Land Size: 18,750 sf Sales Price: $7.48M or $173,837 per unit or $397.14 per sf Closing Date: 5/4 Reception No. 2015057303 Grantor: Denver Stanley LLC (Brian Ketterhagen, mgr) 303-902-9160 Grantee: Marion Residential LLC c/o RedPeak, Bobby Hutchinson, Investment Director, 303-321-7325 Comments: 28 studios rent @ 331 sf rent $950 per month; 15 one bedroom units @ 541 sf rent for $1,350 per month. Parking is $50 per month. Average size is 404 sf and reflects an “in place” cap rate of 6.05%. Property listed and sold by ARA Newmark, Andy Hellman, Robert Bratley, Justin Hunt and Kevin Jewett. Lease rate is $2.65 per sf, per month. Property Location: 1145 Ogden “Bierstadt” & 1153 Ogden St,”Crestone” Denver Property Description: Bierstadt: 17 unit 4 sty center hall apt, brick const, w/13,708* sf, YOC 2012 & Crestone: 2 sty 6 unit apt conversion, w/3,496 sf, YOC 1896, brick const. (17,204 sf gross building area) Land Size: 15,642 sf Sales Price: $6,375,000 or $277,174 per unit or $370.55 per sf Closing Date: 5/4 Reception No. 2015057260 Grantor: Mountain Pacific II LLC (Brian Ketterhagen, mgr) 303-902-9160 Grantee: Ogden Residential LLC c/o RedPeak, Bobby Hutchinson, Investment Director, 303-321-7325 Comments: Crestone: (six unit 1/1 apt @ 583 sf) @ rents for $1,315/mo or $2.26 per sf. Bierstadt: 1 studio @ 408 sf rents $1,000/ mo; 4 (1/1 unit @ 511 sf rent $1,400/mo; 12 (2/1 unit @ 852 sf rent $2,000 or $2.35 per sf. The Bierstadt has 13 open parking spaces at $50 per month. Total portfolio as per price release by the grantor includes $13.85M for 66 units or $209,848 per unit. *Listing broker shows 12,675 sf rentable area for “Bierstadt Apartments”. Average square foot per unit is 703 as per broker. Expenses are estimated at $3,297 per unit, not including reserves. Property listed and sold by ARA Newmark, Andy Hellman, Robert Bratley, Justin Hunt & Kevin Jewett. Lease rate is $2.65 per sf, per month. Property Location: 8600 E. Jefferson Ave., Denver, “Jefferson Square Apts.” Property Description: 64-unit, 3-story apt. complex, 65,856 sf, YOC 1995 Land Size: 3 acres Sales Price: $5.71M, or $89,203 per unit, or $86.69 per sf Closing Date: 4/22 Reception No.: 2015047201 Grantor: SHLP Jefferson Square LLC (Yvonne Camancho, EVP) Grantee: Turk One LLC (Roger A. Rieger, mgr.) 411 University St., Ste. 1200, Seattle WA 98101, 206-343-2337 Financing: $5.08M payable to Greystone Funding Corp, due 5/1/50 Comments: There are 48 2-bedroom/2-bath units containing 984 sf and 16 3-bedroom/2- bath units containing 1,162 sf. Property Location: One Broadway, Denver, “Pinnacle Real Estate Advisors Bldg.” Property Description: 35,309-sf, 3-story office/retail bldg., brick const., YOC 1984 Land Size: 0.4 acres Sales Price: $5.16M, or $146.00 per sf Closing Date: 4/8 Reception No.: 2015046176 Grantor: Appel Family Investment Company LLC (Garry R. Appel, mgr.) Grantee: Broadway and Ellsworth LLC (Matt Ritter and Jeff Johnson) c/o Pinnacle Real Estate Advisors LLC, 303-962-9555 Financing: $3.87M payable to Bellco Credit Union, due 4/10/25 (75% LTV) Comments: Buyer has been a major tenant in the building for several years and has elected to purchase the property for its use. Trent Rice and Sandy Feld from NAI Shames Makovsky were the listing brokers while Jeff Johnson and Matt Ritter of Pinnacle Real Estate Advisors represented themselves in the sale. The building was 100% occupied at time of sale. Property Location: 10252 E. 51st Ave., Denver Property Description: 34,112-sf distribution warehouse, YOC 1998 Land Size: 4.73 acres Sales Price: $4.39M, or $128.67 per sf Closing Date: 4/1 Reception No.: 2015046715 Grantor: Robert A. Mantovani, North Palm Beach, FL 33410 Grantee: Valminos LLC 16192 Coastal Highway, Lewes, DE 19958 Comments: Listing broker Kevin Kowalski of KGK Commercial Real Estate Group LLC is based in Florida, 813-968-2700. This is a single-tenant, long-term lease with Domino’s for its distribution warehouse. Property Location: 1281 Columbine St., Denver, “Onyx Apartments” Property Description: 24-unit, 3-story apt. complex, 15,318 sf, brick const., YOC 1962 Land Size: 10,645 sf Sales Price: $4.75M, or $197,917 per unit, or $310.09 per sf Closing Date: 5/4 Reception No.: 2015057629 Grantor: Lighthouse 38th LLC (Scott Shwayder, mgr.) 303-321-5888 Grantee: Klass LP, c/o Philip Klass, mgr., 303-758-0500 Comments: The seller was represented by Marc Lippitt and Scott Shwayder of Unique Properties LLC. The property sold in March 2014 for $3M. There are brand-new interior renovation, balconies, granite countertops, hardwood floors and stainless appliances. There are five studio units at 550 sf; 16 1-bedroom units at 700 sf and 3 2-bedroom units at 900 sf with rental rates averaging $1,392/ mo. Expenses are estimated at $3,825 per door with cap rate at 6.14%. Property Location: 195 Jackson St., Denver Property Description: 20-unit, 3-story apt. complex, 13,850 sf, brick const., YOC 1947 Land Size: 12,500 sf Sales Price: $4.35M, or $217,500 per unit, or $314.08 per sf Closing Date: 4/17 Reception No.: 2015049448 Grantor: Jackson Residential LLC, c/o RedPeak Properties (Michael A. Zoellner) Grantee: 195 Jackson Property LLC (Martha J. Watson, mgr.) Financing: $2.61M payable to JPMorgan Chase Bank, due 5/1/45 (60% LTV) Comments: The buyer was represented by Rob Lawson of Pinnacle RE Advisors. Property Location: 4605 Paris St., Denver Property Description: 16,036-sf, 2-level office bldg., precast panel, YOC 1977 Land Size: 42,000 sf Sales Price: $1.09M, or $67.66 per sf Closing Date: 4/13 Reception No.: 2015047201 Grantor: 4605 Paris LLC (Yuan Hsing Chang and Shin-Lan Chang, mgrs.) Grantee: Harman Management Corp., Los Altos, CA 94022, 650-941-5681 Comments: Building was renovated in 2005 and was vacant at time of sale. Property Location: 230 Fillmore St., Denver Property Description: 8,158-sf, 2-story retail building, YOC 1971 Land Size: 6,250 sf Sales Price: $2.78M, or $340.77 per sf Closing Date: 4/17 Reception No.: 2015049222 Grantor: ARCA Properties LLC (Jerry J. Arca, mgr) Grantee: SW Fillmore Street II, 818 Stewart St., Ste. 700, Seattle WA 98101 Comments: Retail lease between buyer and The Wizard’s Chest Inc. was executed March 20, 303-321-4304. Buyer is Schnitzer West Inc. Seller facilitated a 1031 exchange on 451 Broadway, see next sale. Property Location: 451 Broadway, Denver, “Former Eron Johnson Antiques” Property Description: 8,958-sf retail building, YOC 1911 Land Size: 9,150 sf Sales Price: $1.9M, or $212.10 per sf Closing Date: 4/21 Reception No.: 2015051378 Grantor: 451 Broadway LLC (Gennaro DeSantis, mgr.) 303-885-3060 Grantee: ARCA Properties LLC (Jerry J Arca, mgr.) Comments: See prior sale, 230 Fillmore St. for down-leg of 1031 exchange. Property Location: 460-470 Broadway, Denver Property Description: 8,050-sf retail building, block const., YOC 2005; and 1,878-sf auto garage, brick const., YOC 1946 (total of 9,928 sf) Land Size: 28,125 sf Sales Price: $1.33M, or $133.96 per sf Closing Date: 2/25 Reception No.: 2015025858 Grantor: The Viner 460/470 LLC (Jody A. Merritt, mgr.) Sunnyvale, CA 94087 Grantee: Broadway 460 LLC, c/o Aaron Westphal, mgr. Financing: $2.4M payable to Guaranty Bank & Trust Comments: Listing broker is Jake Vanderslice, 720-299-9897. Property Location: 7520-7540 E. Colfax Ave., Denver Property Description: 5,692-sf retail building, stucco, YOC 1947 Land Size: 12,197 sf Sales Price: $839,000, or $147.40 per sf Closing Date: 4/13 Reception No.: 2015047543 Grantor: 7540 Colfax LLC (Samuel Mark Spoone, mgr.) Grantee: Clairbridge Companies LLC (Diedra Garcia, mgr.) Financing: $462,367 payable to Rawlins National Bank Comments: Listing broker was Ray Rosado, CCIM, 303-312-4217, or Sam Bell, 303-312- 4205 at DTZ. Property is on the southwest corner of Rosemary St. and E. Colfax Ave. Property was 100% leased and reflected a cap rate of 8.45% with 5% vacancy and 5% management. There are 15 parking spaces and the zoning is E-MS-3. Tenants include Grofax, My Tattoo and Farmers Insurance Group. Property Location: 1295 Colorado Blvd., Denver Property Description: 2,653-sf, MOB, brick const., YOC 1956 Land Size: 11,888 sf Sales Price: $800,000, or $301.55 per sf Closing Date: 4/21 Reception No.: 2015050556 Grantor: KRF COL 13 LLC (George Balafas, mgr.) Grantee: Kerman Investments LLC (Darius Kerman, mgr.) Castle Rock, CO Financing: $640,000 payable to Bank of Colorado Comments: Listing broker was NAI Shames Makovsky, 303-534-5005, and was listed approximately one year. Building was gutted by the seller in 2014 and portion of the rentable area is located in the basement.