Colorado Real Estate Journal - June 17, 2015
Property Location: 5925 Broadway, Denver Description: 66,590-sf warehouse (includes 21,772-sf office space), twin-tee const, YOC 1972 Land Size: 3.15 acres Sales Price: $4.48M, or $67.20 per sf Closing Date: 5/22 Reception No: 2015000038393 Grantor: 5925 North Broadway LLC (David O. Larson, mgr) 720-529-2999 Grantee: WSM 5925 Broadway LLC Comments: David Larson, the seller, was one of the founding partners in the Legend Retail Group. Seven dock-high doors, one drive-in door, 19-foot-clear ceiling height. Property Location: 1575 Galena St, Aurora Description: 47-unit, 3-story apt, 32,445 sf, brick const, YOC 1971, Land Size: 31,750 sf Sales Price: $1.92M, or $40,851 per door, or $59.18 per sf Closing Date: 5/31 Reception No: 2015000040833 Grantor: 712482 Alberta LLC, (Annie Szentner, mgr) 250-738-0948 Grantee: 1575 Galena Partners, LLC Comments: The sale of the property was negotiated by Unique Apartment Group’s Ryan Floyd, Marc Lippitt, Scott Shwayder, Kevin Higgins, Jason Koch and Adam Riddle. Seller is from Qualicum Beach, V9K 2T2, BC, Canada. There are two buildings located on the SWC of E 16th Ave and Galena St.
Property Location: 6380 S Fiddlers Green Cir, “Village Center Station” Description: 234,915-sf, 9-story office bldg, YOC 2009 Land Size: 3.24 acres Sales Price: $76.7M, or $326.50 per sf Closing Date: 5/8 Reception No: D50452257 Grantor: Village Center Station 1, LLC, c/o Principal Real Estate Investors LLC 801 Grand Ave, Des Moines, IA 50392 (Morgan M. Deal and Ben Wobschaff, and Shea Property Management Co, Peter Culshaw, EVP) 303-773-1700 Grantee: KBSIII Village Center Station LLC, Newport Beach, CA 92660, (KBS Realty Advisors) 949-417-6500 Comments: Cash transaction. Ken Robertson is acquisition manager, 949-417-6502; Mark Brecheen, SVP for Denver market, 949-417-6535. Mike Winn, Chad Flynn and Tim Richey of CBRE, Inc listed and sold this property. Includes 786-space, five-story parking structure. Property Location: 3400 S Platte River Road, Sheridan, “Riverton on the Platte” Description: 316-unit, 4-story apt complex (11 buildings) 329,604 sf (gross building area), wood siding, YOC 2008 Land Size: 10.98 acres Sales Price: $63.8M, or $201,899 per unit, or $193.57 per sf Closing Date: 5/20 Reception No: D5052077 Grantor: Riverton on the Platte Apartments LLC, Wasatch Group – Residential, (Jarom Johnson, acquisitions, jajohnson@netwasatch.com), 435-755-2007 Grantee: GS Riverton LLC, c/o Greystar Equity Partners VIII, LP Financing: $44M payable to HSBC Bank USA, NA (69% LTV) Comments: Seller purchased this property for $48.25M in December 2012. www. wasatchgroup.com/residential. Dell Loy Hansen is CEO. Michael Clow is senior managing director for West/Central Mountain, 602-522-1200. Denver office is 303-308-9000. Pat Stucker, 303-260-6518, and his apartment team at JLL handled this transaction. Property Location: 1500 W Littleton Blvd, Littleton Property Description: 92,654-sf shopping center, updated in 2001, masonry const, YOC 1956; includes freestanding bank, YOC 1981 Land Size: 6.136 acres Sales Price: $10M, or $107.93 per sf Closing Date: 5/21 Reception No: D5052286 Grantor: LCP 1500 LLC, (Jonathan Bush, mgr) 303-797-9119 Grantee: Cadence Littleton CO LLC (Brad J. LaRue, president, of United Growth) 415-707-7000, (Matt Bakke, SVP, matt@unitedgrow.com) Financing: $8.5M payable to Standard Insurance, due 6/1/18 (85% LTV) Comments: Tenants include Family Dollar Stores, Anytime Fitness, Jazzercise, Woodlawn Liquors, The Corner Bookstore, Chase Bank, Savers, Fresh Start Laundry, U.S. post office, Synergy Health & Wellness, Sherwin Williams and more. Two spaces available totaling 4,209 sf, which reflects a 4.5% vacancy rate. Property is located on the SEC of Littleton Blvd & S Windermere St. Buyer’s website is www.unitedgrowth.com. Property Location: 2400 S Peoria St, Aurora, “Aurora Corporate Plaza” Description: 86,532-sf, 5-story office bldg, YOC 1985; 46,262-sf, 2-story office bldg, YOC 1985, concrete and glass panels Land Size: 7.16 acres Sales Price: $7M, or $52.49 per sf Closing Date: 5/28 Reception No: D5055095 Grantor: TNREF III Aurora Corporate Plaza LLC, c/o True North Management Group, (HaNa Park, VP) White Plains, NY 10606, 914-304-8760 Grantee: University of Colorado Health Comments: Cash transaction. Desmond McGowan is CFO for the seller. Property Location: 5200 S DTC Pkwy, Greenwood Village Description: 52,326-sf, 5-story office bldg, concrete panels, YOC 1980 Land Size: 2.18 acres Sales Price: $6.45M, or $123.27 per sf Closing Date: 5/28 Reception No: D5052819 Grantor: Beaver 5200 LLC (Kim J. Koehn, mgr) Grantee: Paradigm 5200 DTC LLC (Paul Congleton, pres) Financing: $4.19M @ 4.06% due 6/1/25 (65% LTV) payable to FirstBank Comments: Lease rates as quoted are $20 to $21 per sf. The listing brokers were JLL’s Jason Schmidt, 303-217-7953, and Patrick Devereaux, 303-217-7977. Property Location: 3296 S Zuni St & 3190 S Wyandot St, Englewood Description: 40,350-sf, 5-building industrial complex, YOC 1972, 2000, 2014 Land Size: 6.21 acres Sales Price: $3.12M, or $77.20 per sf Closing Date: 6/1 Reception No: D5056162 Grantor: CDM Capital Asset Group, Inc (Brian A. Baumert, pres) Grantee: Rising Development LLC (Rick Cole, mgr) c/o Summitex, 970-390-2227 Financing: $1.56M payable to Centennial Bank, (50.1% LTV) Comments: Leased to Foundation Building Materials through May 2019, with a five-year renewal option. The five-building showroom, warehouse and storage area contains 40,350 sf. The cap rate is 8.47%, not including vacancy and reserves. The listing brokers were Jim Lewis, 503-279-1743, and Sam Slaton, 303-813-6463. This was a 1031 exchange from 3601 E. 39th Ave. Property Location: 10350 E Easter Ave, Centennial Description: 20,700-sf, 2-story office/warehouse, YOC 1998 Land Size: 2.57 acres Sales Price: $1.9M, or $77.20 per sf Closing Date: 5/28 Reception No: D5055239 Grantor: J & T Properties LLC (Tyrone Clark & Julie Hackett, mbrs) Grantee: Pioneer Motorcycles Ltd, (Susan R. Dukes, pres) Financing: $1.8M payable to Pioneer Real Estate @ 3.75% Comments: The listing brokers are Greg Knott and Zach Smith of Unique Properties LLC, 303-321-5888. The building has an elevator, upgraded office finish, locker and showers, open warehouse with 14-footclear ceiling, one dock-high door, one drivein door and 50 parking spaces. Loan was with grantee’s subsidiary company. Property Location: NEC E Pacific Dr & S Genoa Way, also fronts SWC of Genoa Way & E Jewell Ave, Aurora Property Description: Land Size: 18.14 acres Sales Price: $1.92M, or $2.43 per sf Closing Date: 5/5 Reception No: D5046155 Grantor: Colorado Oaks LLC (William Batt, mgr) 303-785-6060 Grantee: DBC Great Plains Park LLC (Steve Erickson) 303-544-5857 Comments: Buyer is Boulder Creek Builders, www.livebouldercreek.com. Seller contact is Spence Wilson Jr, Memphis, TN 38125, 901-346-8800 – Colorado office is 303-758-6060. Property Location: 1215 E Hampden Ave Property Description: 5,850-sf strip center, masonry const, YOC 1980 Land Size: 15,625 sf Sales Price: $800,000, or $136.75 per sf Closing Date: 5/12 Reception No: D5047751 Grantor: Voorheis LLC (James and Peter Voorheis, mgr) Grantee: Hampden LLC (Ae Sook Kim and Sung Ki Kim, mgrs) Comments: Tenants include Old Town Liquors, Bangkok Café and Excellent Cleaners. Property is located on the northeast corner of Old Hampden Ave and Downing St. Property Location: SEC Platte Canyon Road (SH 75) & W Mineral Ave, Littleton “proposed Little Sunshine’s Playhouse” (4789 W Mineral Ave) Property Description: Vacant land Land Size: 54,724 sf Sales Price: $750,000, or $13.71 per sf Closing Date: 5/5 Reception No: D5045685 Grantor: Evergreen Mineral & Platte LLC Grantee: Three Bridge Littleton Partners LLC (Preston Amos, mgr) Comments: Proposed 8,675-sf child care and preschool facility. Property Location: SEC S Himalaya Way & E Fair Ave, Centennial Property Description: 35 residential lots plus 5 tracts (paper platted only) Land Size: 11.26 acres Sales Price: $645,000, or $57,298 per acre, or $18,429 per lot Closing Date: 4/30 Reception No: D5044228 Grantor: Cherry Creek School District No. 5 (James O’Brien, board pres) Grantee: William Lyon Homes, Inc, dba Village Homes, Greenwood Village Financing: $1.69M payable to International Bank of Commerce, Houston Comments: The 35 lots consist of 6.49 acres, with the five tracts containing 2.97 acres and right of way contains 1.8 acres, for a total of 11.26 acres. Property Location: NE/S Smoky Hill Road, just northwest of Aurora Pkwy, Aurora Property Description: Vacant land Land Size: 40,498 sf Sales Price: $600,000, or $14.82 per sf Closing Date: 4/30 Reception No: D5044228 Grantor: NWSL Outparcel LLC, c/o Northwood Investors LLC (Brian Crittendon) Grantee: BTS Southlands LLC, c/o Huntington Properties, Inc, Houston, TX Financing: $1.69M payable to International Bank of Commerce, Houston Comments: Buyer contact is Sanford P. Aron, mgr, of Huntington Properties, Inc, 713-623-6944.
Property Location: 5035-5075-5085-5115- 5175 Merritt Dr, Boulder Property Description: 20 townhomes, 1,180 sf each, (23,600 sf total) YOC 1978 Land Size: 74,304 sf (5 platted lots) Sales Price: $4.3M, or $215,000 per unit, or $182.20 per sf Closing Date: 5/27 Reception No: 03448263 Grantor: Lippoldt Family LLLP Grantee: Merritt Townhomes LLC c/o Brady Van Matre Construction LLC (Brady Van Matre, pres) 303-664-1264 Financing: $5.65M payable to FirstBank, due 5/1/20, 3.9% first three years, amortized over 30 years Comments: The buyer is planning to totally renovate the 20 units and re-let them at market rents. Each unit has two levels with a carport. Property Location: 1219-1219 Pennsylvania St, Boulder Property Description: 5,552-sf retail/office bldg, masonry const (renovated in 1999), YOC 1928 Land Size: 4,513 sf Sales Price: $2.04M, or $367.44 per sf Closing Date: 5/12 Reception No: 03448217 Grantor: 1221 Pennsylvania Ave LLC, (Thomas A. Manteuffel, mgr) Grantee: Boulder Warehouse Association, Inc (Kenneth C. Schneider II, mgr) Financing: $1.18M due 5/27/25, payable to Home State Bank Comments: Property was listed by Michael-Ryan McCarty of Gibbons-White, 303-586-5939. There is a small residential loft on the second floor of the building. The purchaser, Ken Schneider, also operates self-storage business at 3216 Longhorn Road and can be reached at 303-444-0545. Includes five parking spaces. Property Location: 4765 Walnut St, Boulder Property Description: 24,852-sf flex industrial building, YOC 1982 Land Size: 1.15 acres Sales Price: $1.85M, or $74.44 per sf Closing Date: 5/4 Reception No: 03444070 Grantor: Amgen, Inc & Snergen, Inc (Michael A. Kelly, SVP) Grantee: 1357 Walnut LLC (William W. Reynolds, mgr) 303-442-8687 Comments: Property is vacant and will be listed for lease in the next 90 days. Property Location: SWC Kennedy Dr & Disc Dr, Longmont Property Description: Vacant land, zoned BL-I Land Size: 14.32 acres Sales Price: $1.24M, or $1.94 per sf Closing Date: 6/1 Reception No: 03449857 Grantor: Western VII Investment LLC, (Stanley E. Whitaker Jr, pres) Grantee: Longs Peak Land Development LLC, c/o Wiland, Inc, 303-485-8686 Comments: Also fronts on the E/S of N. 75th St. Brent Eskew, EVP, sales and marketing, 303-485-8686. Property Location: NEC N. Taylor St & Cherry St, Louisville Property Description: Vacant land Land Size: 53,167 sf Sales Price: $150,000, or $2.82 per sf Closing Date: 5/26 Reception No: 03448002 Grantor: Tutti Frutti LLC (Ted Harris, mbr) Grantee: HBA Joint Venture LLC (Toby A. Bramble and Daniel P. Gallagher, mgrs) Comments: Property was listed by DTZ’s Chris Ball, CCIM, SIOR, 303-312-4280, and Brandon Ray, 303-312-4250. The assigned address is 380 Taylor St in Louisville.
Property Location: 4601 S Balsam St, Denver, “Monterey Heights Apts” Property Description: 332-unit, 3-story apt complex, 314,680 sf, YOC 2003 Land Size: 15.55 acres Sales Price: $60M, or $180,723 per unit Closing Date: 5/20 Reception No: 2015064796 Grantor: Monterey Owner LP, c/o Holland Partner Group Management, Inc (Clyde P. Holland Jr and Erik Hagevik), Denver office Grantee: Monterey Fox LLC (Dr Wilmer L. Asher, mgr) 303-971-0018 Financing: $7M payable to CBRE Capital Markets c/o GEMSA Loan Services LP, due 1/1/23; buyer assumed loan in the original amount of $38M payable to CBRE Capital Markets, dated 12/28/12. Comments: Property was sold by CBRE, Inc Multifamily marketing team’s David Potarf, 303-628-7414, Daniel Woodward, 303-628-7417, Matt Barnett, 303-628-7422, and Jake Young, 303-628-7426. Property Location: 3430 & 3441 S Akron St, Denver, “Forest Cove Apts” Property Description: 150-unit, 2-story apt, 90,756 sf, frame const, YOC 1970 Land Size: 5.11 acres Sales Price: $12.3M, or $82,000 per door, or $135.53 per sf Closing Date: 5/19 Reception No: 2015065606 Grantor: A G Properties LLC, (Michael Opatowski, mgr, and Stephen F. Elken, mgr) Grantee: Forem Family Partnership LLLP and Tenn Dexter LLC, (Dr. Davood and Ms. Bertha Manshadi, mgr) Financing: $5.75M payable to Wells Fargo, NA, due 5/15/2025 Comments: Buyer is a dentist with Kids Choice Dental @ 303-341-5437 and owns six dental practices in the metro Denver area. Property Location: South Corner 19th St & Little Raven St (1800 Little Raven) Property Description: Vacant apartment land Land Size: 40,232 sf Sales Price: $7.5M, or $186.42 per sf Closing Date: 5/26 Reception No: 2015066822 Grantor: Parkside Townhomes LLC c/o East West, Jay Lambiotte, mbr Grantee: Holland Parkside Investors LLC, c/o Holland Partner Group LLC Comments: Jordan Robbins, 303-515-8010, Jeff Haag, 303-515-8004, and Jared Buffington, 303-515-8027, of HFF Denver handled the transaction. Property Location: 1600 Boulder St, Denver, “Northgate Apartments” Property Description: 31-unit, 3-story retail bldg with 29 apartment units and two retail units,14,500 sf, zoned C-MX-5, brick const, YOC 1922 Land Size: 7,870 sf Sales Price: $4.7M, or $151,677 per unit, or $324.28 per sf Closing Date: 5/22 Reception No: 2015067338 Grantor: M. Karen Christiansen, 1333 St. Paul, Denver 80206 Grantee: 1600 Boulder LLC (Paul Schmergel, mgr) 720-489-1050 Financing: $3.9M @ 4.25%, due 6/1/25 payable to FirstBank Comments: Building contains 31 updated units and was listed by Fletcher Neeley of Pinnacle Asset Real Estate, 720-351-9293. Retail space is located on first floor. Property was listed for $5.75M. There are 21 studios @ 350 sf, rent for $787/mo; eight 1-bed units @ 550 sf, rent for $831/mo. There are two retail spaces @ 400 sf each that rent for $1,125/mo. NOI according to listing broker’s broker was $246,242, or 5.2% in-place cap rate. Property Location: 4625 W 50th Ave & 5030 Vrain St, Denver Property Description: 56,745-sf church, 21,294 sf in meeting rooms, YOC 1930 Land Size: 5.24 acres Sales Price: $4.5M, or $79.30 per sf Closing Date: 4/29 Reception No: 2015055085 Grantor: El Jebel Shrine Associates, 303-455-3470 Grantee: KUH Utica LLC (Walter A. “Buz” Koelbel Jr, pres, Koebel & Co) Financing: $3M payable to Citywide Banks Comments: Property is located on the NWC of S Sheridan Blvd & W Dartmouth Ave. Jeff Sheets, 303-758-3500, is contact at Koelbel & Co. Property Location: 105 Cook St (W/S Cook St 50’ N of E. Ellsworth Ave) Property Description: Vacant multifamily land Land Size: 32,214 sf Sales Price: $3.5M, or $108.65 per sf, or $21,341 per buildable unit Closing Date: 5/21 Reception No: 2015066741 Grantor: Key 3300 Investment LLC (Stuart C. Ogilvie, mgr) Stu@oqprops.com Grantee: Cook Street Apartments LLC 3819 Maple Ave, Dallas TX 75219 (Matthew Schildt, VP, Maple Multifamily Development and general partner of CoCH 105 Cook Street Apartments LP) c/o Trammell Crow Residential Comments: Buyer will construct an eightstory, 164-unit apartment building with a projected completion date of mid-2017. Chris Cowan of ARA Newmark negotiated the deal along with Steve O’Dell. A parking garage also will be constructed. The address will be 3300 E First Ave. Property Location: 9660 E Alameda Ave, Denver, “Windsor Commons” Property Description: 25,265-sf shopping center, masonry const, YOC 1987 Land Size: 74,612 sf Sales Price: $2.3M, or $99.04 per sf Closing Date: 5/18 Reception No: 2015067561 Grantor: Acorn 4 Alameda Street Retail Real Estate LLC, c/o Sabal Financial Group LP (Pat Jackson, CEO) 877-900-6272, Newport Beach CA 92660 Grantee: REhold LLC (Ilya A. Klein, mgr) Financing: $1.6M payable to Security First Bank, Cheyenne WY (69.6% LTV) Comments: Property listed for $3M and sold by Larry Thiel of Transwestern Commercial Services, 303-407-1471. Tenants include Alameda Liquor Mart, Subway, and Budget Wireless “Cricket”; 56.94% occupied. This sale was an REO transaction. Property Location: 4810-4834 Chambers Road, Denver, Chambers Place Shopping Property Description: 31,260-sf shopping center, masonry const, YOC 1984 Land Size: 35,530 sf Sales Price: $2.25M, or $163.20 per sf Closing Date: 5/18 Reception No: 2015059822 Grantor: NorthStar Bank of Colorado, (Scott Nichols, SVP) Grantee: Chambers Place LLC (Chris Leavers, mgr) 303-814-8646 Financing: $1.8M payable to Northstar Branch, Centennial Branch (80% LTV) Comments: This property was sold by Rebecca Martin, 303-455-0600, and Rich Otterstetter, 303-398-2111. This was a bankowned transaction. Tenants include Carniceria Flioralisa dated 1/23/15, The Power in You assumed lease 1/23/2015, and One Dollar Depot assumed lease on 2/6/15. Property Location: 1003 Corona St, Denver, “Waldron Bonfils Burns Mansion” Property Description: 6-unit, 3-story apt conversion, 11,904 sf, YOC 1895 Land Size: 5,010 sf Sales Price: $1.85M, or $146,375 per unit, or $279.61 per sf Closing Date: 5/18 Reception No: 2015063794 Grantor: Zenith Financial Group LLC (Dorothy Shanahan, mgr) Grantee: Baron Real Estate LLC Financing: $878,250 payable to JPMorgan Chase Bank, due 6/1/45 Comments: Restored recently, four-car garage with driveway, on-site laundry. Listed by Josh and Linda Behr of Sotheby’s International, 303-903-9535. Denver Property Description: 17,198-sf, 2-story office bldg, brick const, YOC 1984 Land Size: 25,000 sf Sales Price: $1.45M, or $84.31 per sf Closing Date: 5/26 Reception No: 2015067215 Grantor: Archidocs LLC (Fred Cooper, mgr) Grantee: CHP Porter Medical LLC, c/o Colorado Group (James C. Turpen, Neil A. Littmann and W. Scott Reichenberg, mbrs) 303-449-2131 Financing: $2.7M payable to Home State Bank due 5/26/17 Comments: Property listed by Newmark Grubb Knight Frank and selling broker was represented by Neil Littmann, 303-449- 2131, and Scott Reichenberg of Colorado Group. Property Location: 2946 Larimer St, Denver Property Description: 5,920-sf warehouse, masonry const, YOC 1961 Land Size: 9,366 sf Sales Price: $1.13M, or $190.03 per sf Closing Date: 5/26 Reception No: 2015067431 Grantor: HI Land LLC (David Hagan, mbr) Grantee: Larimer Zall LLC & 2946 Larimer Partners LLC, c/o the Zall Company, (Stuart Zall, mbr) Financing: $843,750 payable to Bellco Credit Union, due 5/26/25 Comments: Listing broker was SullivanHayes’ Michael DePalma, Sean Kulzer and David Dobec, 303-534-0900. See prior deed with Richard J. Snyder to HI Land LLC (David Hagan, mbr) for $960,000; see 2015067404 dated May 26, 2015. Snyder’s company was the tenant in the building. Property Location: 1861 Clarkson St, Denver Property Description: 8-unit, 2-story apt, 4,188 sf, YOC 1906 Land Size: 5,010 sf Sales Price: $1.17M, or $146,375 per unit, or $279.61 per sf Closing Date: 5/18 Reception No: 2015063794 Grantor: T&E Clarkson LLC (Terrance Toomey, mbr) Grantee: Baron Real Estate LLC Financing: $878,250 payable to JPMorgan Chase Bank, due 6/1/45 Comments: There is new boiler, roof, hot water heater and owner-operated laundry equipment. Listing brokers were ARA’s Andy Hellman, Justin Hunt and Robert Bratley, 303-260-4400. Property Location: 990 W 43rd Ave, Denver Property Description: 12,250-sf warehouse, masonry const, YOC 1964 (vacant at time of sale, plans for owner user) Land Size: 15,625 sf Sales Price: $930,000, or $75.92 per sf Closing Date: 5/15 Reception No: 2015067363 Grantor: Coffee Chef Inc, dba Cruisin Cuisine (Bruce A. Hocking, VP) Grantee: Airtech Assets LLC (Patrick Clark, mgr) 303-670-0530 Financing: $720,000 @ 4.65% due 7/5/40, SBA payable to Bank of the West, second deed of trust (construction loan) $360,000 payable to Bank of West, due 4/5/16 Comments: Listed by Tyler Ryon of Colliers International, 303-745-5800. Five drivein doors, 14- to 22-foot clear height.
Property Location: SWC Titan Road & Moore Road, Littleton Property Description: Vacant land Land Size: 201.77 acres and 121.75 acres Sales Price: $37.06M, or $2.63 per sf Closing Date: 5/13 Reception No: 2015033347 Grantor: Sterling Ranch LLC, c/o Shea Homes (Harold R. Smethills, mgr) Grantee: Sterling Ranch Development Co (James L. Yates, pres) Financing: $35.2M @ 8% payable to Sterling Ranch LLC (interest only 5 years) Comments: Rezoned in May 2011; see 2011033415; see detention pond agreement, 2015030335 & 336. See subdivision improvement agreement for Sterling Ranch Filing No. 1, 2015008671. Property Location: E/S Front St, approximately 500’ north of Scott Blvd, also fronts w/s of Woodlands Blvd, Castle Rock Property Description: Vacant land Land Size: 19.14 acres, or 85 lots Sales Price: $3.44M, or $4.13 per sf, or $40,476 per lot Closing Date: 5/11 Reception No: 2015033300 Grantor: Sir Thomas LLC (Glen R. Smith, mgr) c/o Park Land Co, 303-771-3344 Grantee: KB Home Colorado, Inc Financing: From the 19.14 acres, the lots total 12.36 acres; right of way contains 3.49 acres, and three tracts contain 3.29 acres. The water tap is 3/4” with 400 GPD, domestic use. Lots are paper platted prior to sale with utilities in Front Street. The average site is 6,334 sf. Property Location: 9350 Teddy Lane, Lone Tree Property Description: 26,558-sf, 2-story office bldg, concrete panel/masonry const, YOC 2008 Land Size: 1.7 acres Sales Price: $3.08M, or $117.72 per sf (below replacement cost) Closing Date: 5/11 Reception No: 2015030770 Grantor: Haney Development Co II LLC (Dr. Perry Haney of Spine One) Grantee: Teddy Ln LLC, 511 N Tejon St, Ste 200, Colorado Springs CO 80903 Comments: Building is listed by CBRE’s Monica D, Wiley, 720-528-6513, and Dave Buck, 720-528-6514. There are six condos for sale that range from 2,159 sf to 8,990 sf on second floor. The building sold as is “warms/dark/shell” and was vacant at time of sale, except for 2,159 sf, which are executive suites. Lease rates are $19 to $23 per sf, with $10.50 per sf expenses. 107 parking spaces. Property Location: NE and MW corner of McMurdo Ct & McMurdo Trail, also fronts south side of Valley View Dr, Castle Rock Property Description: 55 vacant lots Land Size: 7.1 acres Sales Price: $1.65M, or $5.33 per sf, or $30,000 per lot Closing Date: 5/14 Reception No: 2015031733 Grantor: SLV Castle Oaks LLC (Craig K. Campbell, signatory) Grantee: Taylor Morrison of Colorado, Inc Comments: Lots 1-16, Blk 5, (101,641 sf) Lots 1-22, Blk 6, Lot 1-17 Blk 7, Castle Oaks Estates Filing No. 5, Town of Castle Rock. Property Location: 1 Oakwood Dr, Castle Rock Property Description: 9,860-sf garden (2 levels) office bldg, brick const, YOC 1978 Land Size: 0.75 acres Sales Price: $1.6M, or $162.27 per sf Closing Date: 5/7 Reception No: 2015030410 Grantor: Oakwood Park Ventures LLC (Kathleen Kriebel, mgr) Grantee: One Oakwood LLC (Edward Shaw and Eric Shaw, mgrs) 303-962-9551 Financing: $1.12M due 5/1/16 payable to Bank of the West, (70% LTV) Comments: Listing brokers were Tom Ethington and Rob Edwards of Pinnacle Real Estate Advisors LLC; Eric Shaw of Pinnacle represented the buyer. The property sold on an in-place cap rate of 7.3% and a cash-on-cash return of 7.9% based on 5% vacancy, as per listing broker’s brochure. Property Location: 16990 Village Center Dr, Parker Property Description: 3,084-sf fast-food restaurant, YOC 1999 (vacant restaurant) Land Size: 1.03 acres Sales Price: $1.3M, or $421.53 per sf Closing Date: 5/14 Reception No: 2015031733 Grantor: Roo and Wang LLC (Jack H. Wang, mgr) Grantee: MPT of Parker FCER LLC (Medical Properties Trust, Inc, Emmett E. McLean, VP & COO, R. Steven Hamner, EVP & CFO) 205-969-3755 Comments: Newmark Grubb Knight Frank listed this this property. Property Location: NW Side of S Perry St, approx 400’ NE of E. Plum Creek Parkway, Castle Rock Property Description: Vacant commercial land Land Size: 1.41 acres Sales Price: $875,000, or $14.25 per sf Closing Date: 4/29 Reception No: 2015032418 Grantor: G and B Holdings (R. Andrew Girardot and Joan K. Heid, mgrs) Grantee: South Perry Street LLC (Walter ”Wally” B. Hultin, mgr) 303-458-5747 Comments: Retail buildings planned, transaction handled by Brad Brown of Castle Centerstone Real Estate & Development, 303-688-2520. Property Location: 8 N Wilcox St, Castle Rock, “Meineke Car Care Center” Property Description: 4-bay auto service garage, 2,730 sf, YOC 1994 Land Size: 0.32 acres Sales Price: $850,000, or $311.36 per sf Closing Date: 5/19 Reception No: 2015032418 Grantor: Classic South Broadway LLC (Jon C. Cook, mgr) Grantee: YADi4 LLC (Ryan Tracy, mgr) Comments: Buyer appears to be owneroperator of the Meineke Car Care Center. Buyer also operates one located at 1254 S Hover, Longmont, 303-485-5999. Property Location: SEC Castle Oaks Dr & Autumn Sage Dr, Castle Rock Property Description: 88 vacant lots Land Size: 16.85 acres Sales Price: $2.99M, or $4.08 per sf, or $34,000 per lot Closing Date: 5/14 Reception No: 2015031733 Grantor: SLV Castle Oaks LLC (Craig K. Campbell, signatory) 385 Inverness Pkwy, Ste 310, Englewood, CO 80112 Grantee: Melody Homes, Inc, 9555 S. Kingston Ct, Ste 200, Englewood, CO 80112 Comments: Lots 1-40, Blk 1, Lots 1-14, Blk 2, Lot 1-26 Blk 3, Lots 1-8, Blk 4, Castle Oaks Estates Filing No. 5, Town of Castle Rock, see 2015023816 for file plat. Property Location: 8351 Southpark Lane, Littleton, “Crystal Rose” Property Description: 7,617-sf restaurant, YOC 1983 Land Size: 2.02 acres Sales Price: $1.25M, or $164.11 per sf Closing Date: 5/12 Reception No: 2015033437 Grantor: Crystal Rose Management Company, Inc (John Jay Byerly, pres) Grantee: Lovelace Sporkin Property 2 LLC, 941 East 17th Avenue, Denver Comments: This property was listed and sold by Bob Leino, 303-534-4822, and Andrew Dodgen, 800-754-0544, of Fuller. Seating is up to 400 guests. Buyer will use the building for a luxury day spa.