Colorado Real Estate Journal - June 3, 2015
Property Location: 1585 W. 115th Ave., Westminster, “Westbury Apartments” Property Description: 228-unit, 3-level apt. complex with 8 buildings containing 146,832 sf, frame/stucco construction, YOC 1975 Land Size: 8.54 acres Sales Price: $21M, or $92,105 per unit, or $143.02 per sf Closing Date: 5/11 Reception No.: 2015000036096 Grantor: Fairfield Windsor LLC, Greg Pinkalla, COO, 858-457-2123 Grantee: CR Westbury Communities LLC, 444 W. Beech St., Ste. 300, San Diego, CA 92101 (Danny Gabriel and Graeme Gabriel, 858-490-2300) Comments: Southeast corner of Pecos St. & W. 116th Ave. There are 120 1-bed units @ 560-576 sf that rent for $869/mo.; 102 2-bed units @ 813 sf that rent for $1,046/ mo.; and six 3-bed/2-bath units that rent for $1,206/mo. See www.westburyapts.com. 303-452-0032. Swimming pool. Property Location: 1870 W. 122nd Ave., Westminster, “DeVry Building” Property Description: 71,543-sf office building, concrete panel const., YOC 2003 Land Size: 13.1 acres Sales Price: $9M, or $125.80 per sf Closing Date: 5/11 Reception No.: 2015000034793 Grantor: DV Westminster Partners, c/o Falcon Cos., 972-404-8383, Tim Hughes, 972-404-8382, and Michael Walters, 214-206-4063 Grantee: Adams Mental Health Foundation, c/o Community Outreach, 303-853- 3500, attn: Richard L. Doucet, MA, and Dr. Richard Hoellerbauer Comments: Listing broker is Jim Ranson, 303-260-4249, at NGKF. The buyer will occupy all 35,000 sf available for lease @ $16 per sf, full-service. 885 parking spaces. Property Location: 415-75 W. 115th Ave., Northglenn, “Huron Business Center” Property Description: 78,148-sf industrial building, fluted block const., YOC 1984 Land Size: 5.81 acres Sales Price: $7.53M, or $96.31per sf Closing Date: 5/1 Reception No.: 2015000035056 Grantor: Eaglecreek Associates V and Denver Properties Huron Land Ltd. (Ric Holderith, mgr., and president of The Summit Group, Inc., 303-985-8701, Ext. 106) Grantee: Cedarbridge Apartments LLC (Ronald L. Wells, mgr.), Dwellings LLC and C&L Investing LLC (Matt Lewallen, 303-962-9561, and Kevin Calame, 303-962-9535) Comments: Four buildings of 19,534 sf each with 24 separate units. This property was listed by Dan Grooters and Riki Hashimoto of NGKF Capital Markets; the buyer was represented by Matt Lewallen and Kevin Calame of Pinnacle Real Estate Advisors LLC. This sale was the down-leg of a 1031 exchange on behalf of the buyer. Property Location: 3449 Chambers Road, Aurora Property Description: 28,682-sf warehouse, YOC 2001 Land Size: 2.36 acres Sales Price: $3.43M, or $119.76 per sf Closing Date: 5/17 Reception No.: 2015000035749 Grantor: Chambers Holdings LLC (Gary Rohr, Pres. of Resolute, Inc., 303-645-0505 and Kristopher Barnes, VP – real estate, 303-572-4371) Grantee: IC Chambers LP, c/o International Capital, LLC (Andreas K. Bremer, CCIM, 972-241-3545) Comments: This building is a concrete panel warehouse. Tenant are Adams County Motor Vehicle Department, OccMed and Hope at Roca Fuerte High Academy. Building was listed by Jeremy Ballenger, Jim Bolt and Tyler Carner of CBRE Inc., 720-528-6383. Property Location: 3905 E. 104th Ave., Thornton Property Description: 13,887-sf retail building, masonry with concrete, YOC 1998 Land Size: 1.7 acres Sales Price: $3.1M, or $223.23 per sf Closing Date: 5/17 Reception No.: 2015000036508 Grantor: WEC 98G-9 LLC, c/o Rite Aid Thrifty Payless, John Standley, CEO Grantee: Revesco LLC (Brian Cuje, EVP, 303-551-7750) Comments: Property is located at the northwest corner of Colorado Blvd. & E. 104th Ave. Jay Landt, 03-283-4569, of Colliers International represented the buyer. Property sold on a 7.58% “in place” cap rate and was great opportunity for the buyer because of the low rental rate in place.
Property Location: 3890 S. Windermere St. & 3901 S. Lipan St., Englewood Property Description: 147,111-sf warehouse, masonry const., YOC 1968 Land Size: 5.97 acres Sales Price: $9.72M, or $66.08 per sf Closing Date: 5/15 Reception No.: D5049302 Grantor: 1201 Mansfield LLC (Brian Watson, mgr.) Grantee: Drake Mansfield Partners LLC (Jon Hardy, pres., Sawbuck Investments, Inc., 303-825-5525, hardy @drakeres.com) Financing: $7.14M payable to Citywide Banks Comments: Jonathan Powers, powers @ drakeres.com or 303-951-7301, is director of acquisitions. Jon Hauser is managing partner, hauser @drakeres.com. Tenant is PropDPL, 303-416-9212. Property Location: 14090 E. Evans Ave., Aurora, “Crestwood Suites” Property Description: 3-story, 148-unit motel, 65,661 sf, brick const., YOC 2000 Land Size: 2.679 acres Sales Price: $6.08M, or $92.52 per sf, or $41,047 per unit Closing Date: 5/5 Reception No.: D5047903 Grantor: LH 2007 Properties LLC (Richard Agee, signatory) Grantee: SCG LH Denver Aurora LP (Christopher D. Graham, 202-470-1550) Comments: Starwood Capital Group, 203- 422-7700. Property Location: 14505 E. Arapahoe Road, Aurora, “Good Times Restaurant” Property Description: 2,082-sf fast-food restaurant, block/frame const., YOC 2015, Land Size: 39,000 sf Sales Price: $1.6M, or $768.49 per sf Closing Date: 5/4 Reception No.: D5045066 Grantor: Good Times Drive Thru, Inc. (Boyd E. Hoback, pres.) Grantee: Diolife Investment LLC (Hyoungsoo Do, mgr.) Financing: $900,000 payable to Bank of Colorado, due 5/4/25 Comments: There is a 20-year lease with Good Times Restaurant, which has 1% increases in the rent per year. This reflects a 5.86% “going in” cap rate. This property was sold by Marcus & Millichap. Property Location: SEC E. Peakview Ave. & S. Nome St., Centennial Property Description: Vacant land Land Size: 2.7 acres Sales Price: $1.5M, or $12.75 per sf Closing Date: 5/6 Reception No.: D5045914 Grantor: Ridge-Centennial 63, Inc. (Robert A. Koontz, pres., 303-779-1800) Grantee: Suraj Property (Rajendra Pastel) 1620 Peregrine Court, Broomfield, CO 80020 Financing: $8.05M payable to UMB Bank, NA Comments: proposed hotel at 6038 S. Nome St. in Centennial.
Property Location: 955 Broadway & 1715 Aurora Ave., Boulder Property Description: 75,035-sf, 152-bedroom student housing plus 32,276-sf attached garage area, YOC 2012 Land Size: 1.38 acres Sales Price: $24.77M, or $200.16 per sf, or $16,260 per bedroom Closing Date: 5/1 Reception No.: 03444049 Grantor: 955 Plaza LLC c/o Woodbury Corp. (Joshua Woodbury, 801-485-7770) Grantee: NB the Plaza DST Comments: Property has a 60-year land lease to the fraternity. Property Location: 3300 Arapahoe Ave., Boulder Property Description: 13,989-sf, 2-story retail building, YOC 1972 Land Size: 26,088 sf Sales Price: $2.8M, or $200.16 per sf Closing Date: 5/11 Reception No.: 03444615 Grantor: 3300 Cardiac Investments LLC (Steve LeBlang, mgr., 303-638-8927) Grantee: Tebo-Walsh LLC (Steve Tebo and Todd Walsh, CCIM, mgrs.) Comments: Tenants include Jimmy Johns, Cricket Mobile, The Crystal Dragon, Restaurant, LAI’S Alterations. Call Todd Walsh, 303-444-5040, for leasing information. Property was renovated in 2008. Property Location: 1379 Charles Dr., Longmont Property Description: Vacant land Land Size: 2.34 acres Sales Price: $1.12M, or $10.96 per sf Closing Date: 5/14 Reception No.: 03445603 Grantor: Landmark Real Estate Holdings LLC, 1170 W. Ash St., Unit 100, Windsor, CO 80550, c/o Landmark Homes Jon Mosier, 970-460-0567) Grantee: Hover Place Inc. (Lisa A. Czolowski, CEO, 303-772-9292) Comments: Vacant land is located directly across the street (1380 Charles Drive) from the buyer’s Hover senior community, which contains 5.37 acres with 120 units @ 560 sf, 1-bed apartments, with two 5-story buildings. Zoned PUD-Residential. Building 6 is clubhouse. The buyer will build four 2-story buildings containing 22,452 sf, totaling 32 units for senior housing. Property Location: 5747 Arapahoe Ave., Boulder Property Description: 12,560-sf office/auto repair building, 12 bays, YOC 1981 Land Size: 25,881 sf Sales Price: $1.1M, or $87.58 per sf Closing Date: 5/7 Reception No.: 03444281 Grantor: A&M LLC, c/o Richard Armstead, 303-652-3557 Grantee: JDH Enterprises LLC, c/o Hagin Automotive, 303-442-8547 Comments: Buyer purchased the building from the landlord and will continue to use the business for their automotive repair shop.
Property Location: 1405 Curtis St., Denver, “The Curtis – DoubleTree at Hilton Property Description: 16-story, 336-room hotel, with a 28,000-sf event space, YOC1992, Land Size: 1.2 acres Sales Price: $86.01M, or $255,981 per room Closing Date: 5/12 Reception No.: 2015059782 Grantor: 1405Hotel LLC (C. Harris White, VP), c/o Sage Hospitality, 303-595-7200 Grantee: TCH Property LLC, c/o AllianceBernstein, Meade Curtis, VP, 1345 Avenue of the Americas, New York City, NY 10105 Financing: $6M, payable to Deutsche Bank, AG, German Bank (70% LTV) Comments: The property had $7M in renovation that included an expanded lobby and updates to all of the guest rooms in May 2014. Scott Sloan was the general manager at the Curtis, 303-571-0300. There are 423 parking spaces in the garage. Property Location: 1450 Glenarm St., Denver, “Crowne Plaza Hotel” Property Description: 21-story, 364-room hotel, 112,500-sf, 3-story parking garage, YOC 1977 Land Size: 37,500 sf Sales Price: $72.25M, or $198,489 per room Closing Date: 5/18 Reception No.: 2015063263 Grantor: DHM Denver Land LP by: DVI Partners GP (David Buddemeyer, pres.), c/o Driftwood Hospitality Management (Paul Hsu, SVP, 727-415-8353) Grantee: THPT IHG-2 Properties Trust, Two Newton Place, 255 Washington St., Newton, MA 02458 (David Blackman, EVP – acquisitions, www.reitmr.com) Comments: 13,078-sf in meeting rooms and event venues in 8 separate rooms with the Urban Ballroom being the largest at 4,828 sf. Property Location: 400 S. Zuni St., Denver, “Former Lowes” Property Description: 118,465-sf retail building (vacant), YOC 2009 Land Size: 12.42 acres Sales Price: $13M, or $109.74 per sf Closing Date: 5/7 Reception No.: 2015059782 Grantor: Cole LO Denver CO LLC, c/o American Realty Capital Properties, attn: Cole REIT Advisors III LLC (Todd J. Weiss, mgr., 800-606-3610) Grantee: Alameda Square Investors LLC (Richard Campbell, mgr., 303-322-3400) Financing: $2.45M payable to Redstone Bank Comments: Property was listed and sold by Christopher Burton of Legend Retail Group, 720-529-2995, Christopher @legendretailgroup.com. Seller purchased the property in January 2011 for $13 million. Property Location: NWC S. Quebec St. & E. Belleview Ave., Denver Property Description: Vacant commercial land zoned T-MU-30 Land Size: 3.16 acres Sales Price: $6.29M, or $45.68 per sf, or $19.79 per buildable sf Closing Date: 5/8 Reception No.: 2015059947 Grantor: Front Range Land and Development (Louis P. “Dutch” Bansbach III) Grantee: One Belleview Station Phase 1 LLC, c/o Prime West Development LLC, 1873 S. Bellaire St., Ste. 500, Denver, CO 80222, attn: Stephen F. Clarke. 303-741-0700 Comments: Grantee plans to build 318,000- sf, 16-story office building with retail on the first floor plus parking garage with 4:1,000 parking ratio. Clarke has been developing office and flex buildings in the Denver metro area since 1982. Property Location: 50-80 S. Madison St., Denver, “Chopper's Sports Grill” Property Description: 7,438-sf restaurant, masonry const., YOC 1970 Land Size: 25,000 sf Sales Price: $4.11M, or $552.70 per sf Closing Date: 5/12 Reception No.: 2015061660 Grantor: TJB Madison Real Estate LLC (Gerald Good, mgr.) Grantee: 50-80 South Madison St LLC (Frank Schultz, Terry Papay, 303-226-1555) Financing: $2.15M and $1.72M payable to MidFirst Bank (recently purchased Steele Street Bank) (94.1% LTV) Comments: Formerly Rick’s Café in the 1980s, the renovated Chopper’s Sports Bar, named after the late Denver Nugget’s trainer, Robert “Chopper” Traviglini, opened in 1996. Frank Schultz and Terry Papay have purchased several upscale nightclubs/ sports grills in the Denver metro area in the last 2 years. Property Location: 201 Broadway, Denver Property Description: 13,730-sf office building, masonry const., YOC 1982 (renovated in 2007) Land Size: 49,590 sf Sales Price: $3.88M, or $282.23 per sf Closing Date: 5/1 Reception No.: 2015056270 Grantor: Archhouse LLC (Brian R. Klipp, mgr.) 303-893-1990 Grantee: BCP-201 Broadway LLC (Andrew Sobel, 310-405-7808 & Paul E. Sly, 310-405- 7805), c/o Brentwood Capital, 310-405-7800, Santa Monica, CA 90401 Financing: $2.9M payable to Academy Bank, NA, due 4/30/20 Comments: gkkworks/klipp (grantor)occupies 9,880 sf and Jansen Strawn occupies 3,850 sf. 17 surface parking spaces. Property Location: 501 Lincoln St., Denver Property Description: 9,875-sf retail condo building, YOC 1999 Land Size: 49,590 sf Sales Price: $2.5M, or $199.24 per sf Closing Date: 5/1 Reception No.: 2015056293 Grantor: Madrona Lincoln Terrace Commercial LLC (Robert M. Krokower, mgr.) 701 Fifth Ave., Ste. 5700, Seattle, WA 98104 Grantee: PCH RP2 LLC 30050 Chagrin Blvd., Ste. 360, Pepper Pike, OH Financing: $2.25M payable to Collegiate Peaks Bank Comments: Commercial unit 2, Lincoln Terrace Condominiums, Property listed by Dean Corey, 303-217-7005, and Troy Meyer, 303-974-5737, Sperry Van Ness CRE Advisors LLC. Property sold on a 7% cap rate, as per listing broker. Property Location: 5231 Leetsdale Dr., Denver, “Former Natural Grocers” Property Description: 12,046-sf Natural Grocers retail building, YOC 1999 Land Size: 49,590 sf Sales Price: $2.4M, or $199.24 per sf Closing Date: 4/30 Reception No.: 2015056418 Grantor: Chalet Properties LLC (Kemper Isely, mgr.) Grantee: 5231 Leetsdale Drive LLC (intermediary for 226 Monroe Street LLC, Elizabeth C. Newberry Family) 303-322-0443 Financing: $2.25M payable to Collegiate Peaks Bank Comments: 1031 exchange. True buyer is 226 Monroe Street LLC. Property was listed by Equity Ventures Commercial Inc., Mark McPherson, 720-502-5190, Ext. 1, or James Craddock, 303-379-9739. Buyer will use the building for its Newberry Bros. floral business with opening late 2015 or early 2016. Property Location: 3601 E. 39th Ave., Denver Property Description: 20,520-sf warehouse, YOC 1967 Land Size: 93,179 sf Sales Price: $2.1M, or $102.34 per sf Closing Date: 5/8 Reception No.: 2015052074 Grantor: Rising Development LLC (Richard D. Cole, mgr.) Grantee: Transfer40 LLC, 3535 Larimer St., Denver, CO 80205 (Andrew Stein, pres., Exdo Properties, www.exdoproperties.com, 303-297-8151) Comments: Ryan Herco Flow Solutions occupies the building through 12/14/17, w/5-year renewal option. They currently pay $5.57 per sf triple net and the transaction is based on 5.4% “in place” cap rate. Seller acquired this property in March 2014 for $1.3M. Property Location: 4545-4567 Morrison Road, Denver, “Morrison Road Apts.” Property Description: 24-unit, 2-story apt., 14,270, YOC 1955 and 2003 Land Size: 22,030 sf Sales Price: $1.92 M, or $80,000 per unit, or $134.55 per sf Closing Date: 5/18 Reception No.: 2015064371 Grantor: Welcome Home Investments LLC (James Ivan Gerrity, mgr.) Boulder Grantee: 4545 Morrison Road LLC (Todd Henderson, mgr.) Littleton Comments: Rental rate is $675 per month For 1-bed @ 500 sf. There are 11 1-bed units, nine 2-bed units and four 3-bed units. Offstreet parking. Property Location: 1520 W. 13th Ave, Denver Property Description: 16,931-sf warehouse, 1,664-sf office area, YOC 1962 Land Size: 35,865 sf Sales Price: $1.49M, or $87.86 per sf Closing Date: 5/7 Reception No.: 2015059258 Grantor: Boulder Warehouse Association, Inc. (Ken Schneider II, pres.) Grantee: 1520 W. 13th Partners LLC (Daniel B. Murphy, mgr.) Comments: Property listed and sold by Scott Patterson, 303-892-0121, and Alex Ringsby, SIOR, 303-892-0120, of Ringsby Realty Corp. Kroenke Sports & Entertainment is the tenant in the building @ $4.45 per sf triple net (as of June 2015). “In place” cap rate is 5.07%. 9 dock-high doors. 13.5’ to 18.3’ ceiling clearance. Zoned I-MX-5. Property Location: 5775 E. 39th Ave., Denver Property Description: 25,014-sf (includes 3,222-sf office space) brick warehouse, YOC 1968 Land Size: 38,163 sf Sales Price: $1.35M, or $53.97 per sf Closing Date: 4/30 Reception No.: 2015058268 Grantor: Reyobar LLC (Richard A. Boyer, mgr.) Grantee: Thirty Ninth LLC (Brooke Gehring, Michael Farley, Steven P. Szymanski, mgrs., owners of marijuana dispensary) Financing: Execute loan of $1.2M (interest only) for first year, then $16,413.45 per month @ 12%, for 132 months, ending April 30, 2027, payable to seller. Comments: Buyer will use the building for their marijuana dispensary business. 3 dock-high loading doors. 16’ clear height. Fenced outside storage. Property Location: 3955-3965 High St., Denver Property Description: 14,136-sf warehouse, brick/masonry const., YOC 1974 Land Size: 21,875 sf Sales Price: $1.2M, or $84.54 per sf Closing Date: 5/8 Reception No.: 2015059661 Grantor: Helen G. Bonfils Foundation (Lester Ward, pres.) Denver, CO 80204-5319 Grantee: 3939 High St LLC, c/o Porta Power, Inc., 303-292-5161, (1717 E. 39th Ave., Denver, CO 80205, attn: Byron Weiss Comments: Listing broker is Steve Serenyi of Colliers International, 303-283-4578. Buyer owns and occupies 1717 E. 39th Ave., which contains 206,114-sf building on 6.7 acres; see 2015034484 for sale of 1717 E. 39th Ave. This property is one block directly west of their new acquisition. Fenced. 16’ ceiling height. Zoned I-B, heavy industrial. 5 dock doors. Property Location: 2245 Kearney St., Denver, “formerly Park Hill Church” Property Description: 11,650-sf church, masonry const., YOC 1950 Land Size: 12,300 sf Sales Price: $785,000, or $67.38 per sf Closing Date: 5/7 Reception No.: 2015059243 Grantor: Humble Development LLC (Michael Horton, mgr.) Grantee: 2245 Kearney LLC (Steve Maxwell, VP of Legacy Capital, 720-310-8988) Comments: Buyer is with Legacy Capital Partners, with Jake Mutts as president and Ozzie Mutz as VP of operations. Property Location: 1468 S. Cherokee St., Denver Property Description: 4,540-sf warehouse, concrete const., YOC 1998 Land Size: 10,950 sf Sales Price: $540,000, or $118.94 per sf Closing Date: 5/6 Reception No.: 2015059198 Grantor: JM 1468 S Cherokee LLC (John Meyer, mgr.) MM 1468 S. Cherokee LLC (Michael Meyer, mgr.) 303-694-2868 Grantee: Lamar Vannoy LLC (Samantha Kopicko, mgr., 303-282-4645) Financing: $903,074 (2 notes) payable to JPMorgan Chase Comments: Concrete parking lot with fenced area. Chia Basinger is other buyer and both owners own SweetAction Ice Cream Shop. Property Location: 7030 E. 46th Avenue Dr., Units F & G, Denver Property Description: 4,500-sf warehouse, concrete panel const., YOC 2003 Land Size: 10,950 sf Sales Price: $501,000, or $111.33 per sf Closing Date: 5/13 Reception No.: 2015061426 Grantor: PNV Holdings LLC (Elvira R. Lucero, estate of Philip Jon Lucero) Grantee: TJ & B LLC Comments: Property was formerly owned and used for the late seller’s company, Philip Lucero Video Productions & Transmission Shops. Gail Hamilton of Commercial Advisors LLC, 303-777-2007 or 303-898- 4245, negotiated the sale of the property. The building had two drive-in overhead doors with 20’ ceiling height. There was 2,000 sf finished.
Property Location: 3980-3982 Limelight Ave., Castle Rock Property Description: 8,160-sf strip center, 6,120-sf retail building, masonry const., YOC 2007 Land Size: 1.775 acres Sales Price: $5.6M, or $394.01 per sf Closing Date: 4/30 Reception No.: 2015028858 Grantor: DCL-CR1 LLC (William H. Ferguson, mgr.) Grantee: Titan Investment Group LLC (Anoop Patel, mgr.) Comments: Tenants included Taste of Philly, Home Care Assistance, Rose’s Bella Cucina. Two buildings totaling 14,280 sf. Property Location: 1340 Town Center Dr., Highlands Ranch, “Christian Brothers Automotive” Property Description: 4,953-sf auto service garage, YOC 2014 Land Size: 1.92 acres Sales Price: $3.1M, or $625.88 per sf Closing Date: 5/1 Reception No.: 2015028730 Grantor: CBH Properties Highlands Ranch LLC (Mark A. Carr, pres.) 17725 Katy Freeway, Suite 200, Houston, TX 77094 Grantee: Timothy Byers, Trustee, Real Estate Industries Nevada LLC, Reno, NV Financing: $2.07M payable to Bank of Colorado, due 5/1/30, 66.7% LTV Comments: Buyer contact is Randy Lynn. Listing broker is Marcus & Millichap’s Jason Vitorino, 972-980-4800. Lease is a 15-year triple net lease with corporate guarantee. Bumps are 1.5% annually starting with Year 6, “in place” cap rate is 6.35%. 9 bays. Property Location: 18366 Lincoln Ave., Parker, “Lowe’s shadow anchored” Property Description: 10,125-sf strip center, masonry const., YOC 2006 Land Size: 1.75 acres Sales Price: $2.1M, or $207.41 per sf Closing Date: 4/30 Reception No.: 2015028029 Grantor: Lee & Park, Inc. (John C. Lee) Denver CO Grantee: Lincoln Meadows LLC (Bradley P. Brooks, mbr.) Financing: $.67M payable to MidFirst Bank, due 5/1/30 (66.7% LTV) Comments: Buyer contact is Brad Brooks of Prime Management, Inc., 303-255- 4700, or brad @sidfordcapital.com. Tenants include Opa Grill, Sport Clips, Jersey Mike’s and Pho VY. There is 1,200 sf available for lease, contact Blake Kahlich @ 303-255-4700. Property Location: 9088 Ridgeline Blvd. Property Description: 20,894-sf, 2 story office bldg., masonry const., YOC 2000 Land Size: 1.54 acres Sales Price: $2M, or $95.72 per sf Closing Date: 4/27 Reception No.: 2015027455 Grantor: 9088 Ridgeline Boulevard Holdings LLC by CWCapital Asset Management, Monique L. Holland, SVP Grantee: Parkway Centre North LLC (Bradley P. Brooks, mbr.) Financing: $1.62M payable to MidFirst Bank, due 4/27/20 (81.08% LTV) Comments: Buyer contact is Brad Brooks of Prime Management, Inc., 303-255-4700, or brad @sidfordcapital.com. There is 4,192 sf for lease at $13 per sf, contact Blake Kahlich @ 303-255-4700. This building is 80% occupied with tenants Coldwell Banker, Guardian Title, Southpark Internal medicine, Avinova Media Group and Haugen Group. Property Location: SEC S. Perry St. & Wilcox St., (I-25 Service Road), Castle Rock Property Description: Vacant land Land Size: 7.16 acres Sales Price: $1.85M, or $5.93 per sf Closing Date: 4/27 Reception No.: 2015027455 Grantor: Plum Creek Investment Group LLC (Nicholas Hier, mgr.) Grantee: Schoolhouse Castle Rock LLC (Brand Scott), 3115 E. Lion Lane, Ste. 300, Salt Lake City, UT 84121 Comments: School plans to build 48,898- sf school, with 35’ height and 114 parking spaces. Seller purchased 34 acres for $2M in November 2014. Listed by Nick Hier of Hier & Co., 303-688-3105, nick.hier @hierandcompany.com. Property Location: 13788 Compark Blvd., Englewood Property Description: Vacant land Land Size: 7.33 acres Sales Price: $1.84M, or $5.75 per sf Closing Date: 4/23 Reception No.: 2015027206 Grantor: Compark Partners LLLP (Don Weaver, mgr., 713-339-5380) Grantee: Propstone LLC, 101 S. Fifth St., Ste. 3830, Louisville, KY 40202, c/o Springstone, Inc. (Jim Schnuck, pres., and Stacey Banks, 502-587-1007) Comments: Buyer develops private hospitals and health care facilities. Buyer has been approved for a 75,250-sf, single-story behavioral health hospital. Property Location: 11613 Dransfeldt Road, Parker Property Description: 3,228-sf house, masonry/frame (land value), YOC 1918 Land Size: 21.02 acres Sales Price: $1.73M, or $1.88 per sf Closing Date: 5/4 Reception No.: 2015029591 Grantor: 7400, LLC (Justin Land, mgr.) 7400 E. Crestline Cir., Ste. 250, Greenwood Village CO 80111, c/o Merchants Mortgage &Trust, 303-773-3000 Grantee: Dransfeldt Development LLC (Scott A. Wright, 303-748-7075, Todd Wright and Daniel T. Wright, mgrs.) Financing: $1.04M @ 4.25% due 5/1/16 payable to FirstBank, due May 1, 2016 Comments: Property was sold by Mitch Trevey of Trevey Land, 303-619-7192. Broker indicated the property will need considerable site work. Buyer will use it for self-storage and RV Storage facility. Zoned light-industrial. REO transaction. Property Location: 7147 Reynolds Road, Sedalia, “Satellite Service Center” Property Description: 9,633-sf former data center bldg., YOC 1985 Land Size: 2.128 acres Sales Price: $935,000, or $97.06 per sf Closing Date: 5/6 Reception No.: 2015029677 Grantor: Schlumberger Technology Corp. Grantee: Back Country Investments LLC, c/o Steele Bros. Heating, Inc. (David G. Donahoe, mgr., 303-347-1958) Financing: $869,500 payable to Wells Fargo Bank, NA (SBA loan) due May 6, 2040. Comments: Property was sold by Tyler Reed, 303-260-6515, and Peter Beugg, 303- 217-7974, of JLL. Property is a former data center that can be converted to office/ warehouse. There is a backup generator with 100% HVAC, with one drive-in door (10’ x 12’). Buyer will use the building for its plumbing business. Thirty-five parking spaces.