Colorado Real Estate Journal - December 3, 2014

The Winslow Repoer

---

Arapahoe County

Property Location:Cornerstone Shopping Center
1) 15405 E. Briarwood Cir.: 45,061-sf retail center, YOC 2008
2) 15400 E. Briarwood Cir.: 71,838-sf retail center, YOC 2008
3) 15500 E. Briarwood Cir.: 6,057-sf retail center, YOC 2009
4) 6755 S. Cornerstone Way: 17,238-sf retail center, YOC 2008
5) 6770 S. Cornerstone Way: 13,052-sf retail center, YOC 2008
6) 15600 E. Briarwood Cir.: 72,659-sf retail center, YOC 2008-2011
7) 15800 E. Briarwood Cir.: 46,965-sf retail center, YOC 2008
8) 15900 E. Briarwood Cir.: 89,970-sf retail center, YOC 2008
9) 6730 S. Cornerstone Way: 17,288-sf retail center, YOC 2008
10) 6795 S. Cornerstone Way: 13,581-sf retail center, YOC 2008
Property Type/Description: 430,000-sf regional shopping center, YOC 2008-2011
Land Area: 54.06 acres Sales Price: $124M, or $288.37 psf
Closing Date: 10/14
Grantor: Cole MT Aurora (Briarwood) CO LLC c/o American Realty Capital Properties, (Daniel T. Haug, Officer) Grantee: BRE DDR BR Cornerstone Co LLC c/o Blackstone, Eric Staley, VP
Financing: $800M blanket loan payable to Wells Fargo N.A. and Citigroup Global Markets Realty Group
Comments: Press release shows 430,000 sf while county shows slightly less. Land size was derived from file plats. This property sold in January for $116.5M.

Property Location: 21904 & 22159 E. Ontario Dr., Aurora
Property Description: 312-unit, 16-building apt. complex plus 4,500-sf clubhouse/ leasing office, YOC 2001; 292-unit, 14-building complex plus 5,251-sf clubhouse/leasing office, YOC 2002; total of 604 units with 30 buildings, totaling 524,746 sf gross apartment area plus attached garages.
Land Size: 33.97 acres Sales Price: $99.88M, or $165,356 per unit, or $190.33 psf Closing Date: 10/31
Grantor: Bascom Greenbriar Investors LLC (Jerry Fink, mgr.) 26 Corporate Park, Irvine, Calif., 92606, 949-955-0888, Ext. 11
Grantee: Bel Greenbriar LLC c/o Eaton Vance Management, Two International Place, Boston (Thomas E. Faust Jr., CEO, 617-482-8260)
Comments: Both properties sold in 2006 for a combined total of $31.75M for the 292 units and $34.65M for the 312 units, or a weighted average of $109,934 per unit. This reflects a total growth in value of 50.41%, or an annual growth of 5.2% per annum.

Property Location: 5101 S. Rio Grande, Littleton, “Alexan Downtown Apts.”
Property Description: 350-unit, 9-building apt. complex, 340,752 sf, YOC 2008 Land Size: 12.9 acres
Sales Price: $77M, or $220,000 per unit, or $225.97 psf
Closing Date: 11/7 Grantor: Spus6 Littleton LP c/o CBRE Strategic Partners U.S. Value 6 (Ming Lee)
Grantee: RHI 1 5151 Downtown Littleton LLC c/o Richmark Holding Inc.
Comments: Property listed and sold by CBRE apartment team.

Property Location: 6857 Homestead Pkwy., Centennial, “Villas @ Homestead”
Property Description: 312-unit, 13-building apt. complex, 305,940 sf, YOC 1993 Land Size: 12.78 acres (plus 1.49 acres of flood plain land) Sales Price: $56.75M, or $181,891 per unit, or $185.50 psf
Closing Date: 10/28 Grantor: Villas Homestead Denver LLC c/o DiNapoli Capital Partners (F. Matthew DiNapoli, authorized secretary)
Grantee: KW Fund V-Villas at Homestead LLC, 9701 Wilshire Blvd., Ste. 700, Beverly Hills, CA 90212, Phillip Winter, VP
Financing: Assumption of unpaid loan balance of $33.03M @ 4.31% with payments of $163,645 per month commencing 12/1/14, maturing 11/1/21; payable to Kennedy Wilson Real Estate Fund V, LP, et al., as per deed of trust.
Comments: Property listed and sold by ARA Denver’s Jeff Hawks, Doug Andrews, Terrance Hunt, Shane Ozment and Anna Stevens, 303-260-4400. Expenses average $4,438 w/o reserves. Average market rent is $1.32 per sf with average size at 981. Additional 1.49 acres is in the flood plain and may be used for detention pond.

Property Location: 7400 E. Orchard Ave., Greenwood Village, “Solarium”
Property Description: 169,369-sf, 4-story office building, YOC 1982 and 119,934 sf parking structure, concrete reinforced, YOC 1982 Land Size: 6.72 acres Sales Price: $23.4M, or $136.69 psf
Closing Date: 11/3 Grantor: LEI Solarium Denver LLC c/o Lowe Entprs. Investment Mgmt. (Alon Kraft)
Grantee: CPVF II Solarium LLC c/o CapRidge Partners, 823 Congress Ave., Ste. 1111, Austin, TX 78701 (Kevin Black, pres.) 512-536-1111 Land-to-Building Ratio: 1.71: 1
Financing: $21M payable to ACRC Lender LLC c/o Ares Commercial Real Estate Comments: Arapahoe County shows 184,293-sf gross building area. Rental rates are quoted at $20 to $24 per sf full-service. 3.5:1 structured parking at $50 per month.
Property is currently listed for lease by Stream Realty, 12,000 sf available with expense stop base year 2014 at $8.69 per sf. Property was sold by Mike Winn and Tim Richey of CBRE.

Property Location: 5001 S. Broadway, Englewood Property
Description: 43,525-sf strip center (includes 27,000-sf Sprouts store, 8,100- sf Advanced Auto Zone and 8,425-sf 4-tenant retail building), YOC 2014 Land Size: 2.96 acres
Sales Price: $17.2M, or $395.18 psf Land-to-Building Ratio: 2.96: 1
Closing Date: 10/23 Grantor: Broadbell LLC, c/o Cadence Capital Group, Greg Ham, VP) Grantee: Den Retail 1 LLC c/o Zurich Alternative Asset Management LLC, NYC
Comments: Sprouts opened in July of this year. Advanced Auto is on separate parcel north of Spouts, containing 1.1 acres.

Property Location: 12484 E. Weaver Place, Centennial, “GSA” Building Property Description: 41,979-sf, 3-story office building, concrete/glass const., YOC 2008
Land Size: 3.92 acres Sales Price: $13.82M, or $329.21 psf
Closing Date: 11/3 Grantor: Scannell Properties #44 LLC, (James C. Carlino, mgr.) 800 E. 96th St., Ste. 175, Indianapolis, IN 46240, 317-843-5959 Grantee: Centennial Bay LLC, 12100 Wilshire Blvd., Ste. 1400, Los Angeles, CA 90025 Land-to-Building Ratio: 4.07:1
Financing: Assume $9.75M loan payable to American National Insurance Company @ 5.5%, due 6-17.
Comments: Lease was made with U.S. government July 5, 2011. Property is located on southwest corner of East Weaver Place and South Revere Parkway. Denver office of seller is 317-218-1666.

Property Location: 6901 S. Havana St., Centennial
Property Description: 136,954-sf, 3-story office building, YOC 1989 Land Size: 18.31 acres
Sales Price: $9.1M, or $65.65 psf Land-to-Building Ratio: 5.82: 1
Closing Date: 11/7 Grantor: TRT NOIP South Englewood LLC c/o Dividend Capital, Andrea Karp, SVP Grantee: 6901–Centennial Owner LLC c/o Encore Entprs., 214-259-7000
Comments: Listing brokers are Dan Grooters and Riki Hashimoto of Newmark Grubb Knight Frank. The building was 100% vacant at time of sale. The building has several features such as a 500- kW backup generator, redundant cooling systems, and direct/indirect florescent fixtures.

Property Location: SEC S. Havana St. & E. Easter Ave., Centennial
Property Description: Vacant land Land Size: 57.67 acres
Sales Price: $8.22M, or $3.27 psf Land-to-Building Ratio: 3.89:1
Closing Date: 10/23 Grantor: VH Dry Creek Sub LLC c/o Equity Office, Danny Kuo, VP
Grantee: Dry Creek Venture LLC c/o United Properties LLC, 1331 17th St., Ste 604, Denver 80202, 720-896-5870 (Kevin Kelley, VP)
Comments: Property was sold by David Lee, Jason Addlesperger and Mike Wafer of Newmark Grubb Knight Frank. Principal Real Estate Investors will be the joint-venture partner for the grantee. Site is fully entitled and buyer will commence construction of an 182,000-sf multitenant office building in spring 2015. The total build-out will be approximately 650,000 sf and is situated near the Dry Creek light-rail station. 2075- 26-3-13-001 (35.05 acres); 2075-26-3-24-001 (8.04 acres); 2075-26-3-25-002 (5.88 acres); 2075-26-3-20-003 (8.7 acres) = 57.67 acres total as indicated by Arapahoe County.

Property Location: 4035 & 4095 S. Santa Fe, Sheridan Property Description: 34,424-sf warehouse/showroom, brick/metal const., YOC 2001
Land Size: 2.87 acres Sales Price: $3.6M, or $104.58 psf Land-to-Building Ratio: 3.63: 1
Closing Date: 11/7
Grantor: Great Western Bank, 1235 N. St., Lincoln, NE 68508 (Sarah Spiker)
Grantee: Metro Express Sheridan LLC (Brian Watt), c/o Rocky Mountain Cos.
Comments: Listing brokers are Murray Platt, SIOR, Paul Kluck, SIOR, and Daniel Close of CBRE. The building contains 19,673-sf warehouse area, 14,135-sf showroom area and 1,080-sf office area. There are 96 parking spaces and 11 drive-in doors with 14’-28’ clear height ceiling. It is located on the northwest corner of S.
Santa Fe and W. Oxford Ave. The buyer is planning on converting the property into a two-tunnel car wash. The buyer is based out of Boise, Idaho.

Property Location: 561-569 S. Forest St., Glendale
Property Description: 24-unit apt., 3-story center-hall bldg., 18,972 sf with 13 parking spaces (two 12-unit apt buildings with 9,486 sf each), brick const., YOC 1961 Land Size: 16,291 sf
Sales Price: $1.91M, or $79,583 per unit, or $100.68 psf Closing Date: 11/18
Grantor: Blue River Associates LLC (Roy and Cynthia Lopez, mgrs.) Grantee: Forest Street Apartments LLC (Gary Ghiselli, mgr.)
Financing: $1.43M payable to Wells Fargo, NA, matures 11/20/21 Property Location: 6020 S. Greenwood Plaza Blvd., Greenwood Village Property Description: 17,028-sf, singlestory office building condo, YOC 1979 (renovated in 2011) Land Size: Shared common area Sales Price: $1.82M, or $106.82 psf C
losing Date: 11/4 Grantor: Pride Realty Group III LLC (Louis Puissegur III mgr.) Metairie, Louisiana Grantee: Iceland Millenium LLC (James T. Wanzeck, mgr.) 303-930-5134 Financing: $1.66M payable to FirstBank @ 4.55% due 11/1/24 Comments: Buyer is broker owner of Re/ Max Masters,www.jimwanzeck.com, who represented himself in the transaction. Listing brokers were Jason B. Addlesperger, Keith Bell and David K. Lee of Newmark Grubb Knight Frank. The building is part of the Greenwood Commons, which includes 14 buildings. This space contains 66 cubicles, 21 private offices, 2 conference rooms; break room with commercial grade kitchen; DSC intrusion alarm with 16 zones; game room; restrooms with shower facilities; 4 spaces per 1,000 rsf.Property was vacant at time of sale and will be used by the buyer’s company, Re/ Max Masters Inc.

Property Location: 901-931 W. Prentice Ave., Littleton
Property Description: 16-unit apt., 11,550 sf, brick const., YOC 1971 Land Size: 2.87 acres
Sales Price: $1.5M, or $93,438 per unit, or $129.44 psf Closing Date: 11/5 Grantor: HT II LLC (Kevin Higgins* and Andrew Toole, mgrs.) Grantee: Yukon Street Holdings LLC (Scott Landen and Lauren Landen, mgrs.) Financing: $1.12M payable to Bellco Credit Union, matures 11/4/24
Comments: Listing brokers are Kevin Higgins, Ryan Floyd, Jason Koch and Marc Lippitt of Unique Properties LLC. There are four 1-bed units @ 550 sf at $661 per month, and 12 2-bed units @ 700 sf at $764 per month.
Expenses average $2,898 per unit, or $4.01 per sf, with cap rate reported to be 7.18%
Property Location: NEC S. Lima St. & E. Peakview Ave., Centennial Property Description: Vacant land Land Size: 17 acres Sales Price: $1.3M, or $1.75 psf
Closing Date: 11/14 Grantor: 350 Investments LLC (Karen Sosnick Schoenberg, mbr.), and Fred A. and Barbara M. Erb Family Foundation
Grantee: DS Unlimited LLC (David W. McCarthy, mgr.)
Comments: Property listed by Doug Viseur, 720-528-6378, and Todd Witty, 720- 528-6339, of CBRE. Site is fully entitled with curb, gutter and sidewalk, zoned Mixed-Use PUD. Property has frontage on three sides.

Property Location: 7124 S. Dillon Ct., Englewood
Property Description: 10,944-sf, 2-story warehouse, YOC 2003 Land Size: 3.04 acres Sales Price: $1.2M, or $109.65 psf
Closing Date: 10/23 Grantor: M2514 LLC (Daniel T. Wright, and Scott and Mandie Wright, mgr.) Grantee: Marty Farms LLC
Financing: Cash
Comments: This is a 1031 exchange. The seller purchased this property in September 2013 for $1.08M and executed a loan of $810,000 @ 5.2%, maturing 10/1/23 payable to FirstBank. The seller purchased 7354 S. Eagle St., Centennial, for $1.25M July 1. It is unknown if this transaction was a reverse exchange for the seller, M2514 LLC.

Property Location: 25750 E. Arapahoe Rd., Aurora
Property Description: Vacant land Land Size: 60,561 sf Sales Price: $975,000, or $16.10 psf
Closing Date: 11/6 Grantor: Evergreen-Arapahoe and Smokey Hill LLC (Andrew Skipper, CEO)
Grantee: Mega Pie LLC c/o Dion’s Restaurant, 8500 Jefferson St. NE, Albuquerque, NM 87113 c/o Doug Morse, director of acquisitions
Comments: Plan to build 5,100-sf “Dion’s Restaurant,” which specializes in pizza. This is the first metro Denver Dion’s Pizza; one location already in Colorado Springs.

Property Location: SES/ E. Arapahoe Rd., 800’ NE of Smoky Hill Road, Aurora
Property Description: Vacant land Land Size: 93,270 sf Sales Price: $840,000, or $9.01 psf
Closing Date: 11/6
Grantor: Evergreen-Arapahoe & Smokey Hill LLC (Andrew Skipper, CEO)
Grantee: Brewer Development LLC, 7001 Preston Road, Ste. 250, Dallas TX 75205
Comments: 10,600-sf Prestige Pre-School academy with 48 parking spaces. Developer is David Brewer, 214-521-7707.

Property Location: NWC Belleview Ave. & S. Broadway (5095 S. Broadway)
Property Description: 5,369-sf bank, wood construction, YOC 1976
Land Size: 31,185 sf
Sales Price: $800,000, or $25.65 per sf (land value)
Closing Date: 11/13
Grantor: 5095 S. Broadway LLC (Shelley Crouch Hupp, mgr.)
Grantee: Sterling Gold LLC (Steve Williams) 5106 S. Broadway, Littleton
Comments: Buyer has tentative plans to construct a 6,000-sf retail center and use for his Williams Jewelers business after expiration of his lease. Buyer was attracted to corner location and many experts have confirmed this site is one of the best retail sites in Englewood (original town). Buyer worked with John Fairbairn, 303-226-4764. The estate of Bill Crouch was not represented by any brokers.

Property Location: 5930 S. Broadway, Littleton
Property Description: 2,600-sf auto sales office for dealership, YOC 1963
Land Size: 24,000 sf Sales Price: $670,000, or $27.92 per sf (land value)
Closing Date: 11/13
Grantor: Rest Family Company LLC Grantee: Colorado McDonald Entprs. LLC, 6060 S. Broadway, Littleton 80121 Comments: Several parcels to the south of this property are owned by the grantee and acquisition was made for expansion purposes. Property is located on E/S South Broadway approximately 150’ south of E. Orchard Ave. intersection.

Property Location: 4442 S. Broadway, Littleton
Property Description: 2,600-sf auto sales office for dealership, YOC 1963
Land Size: 24,000 sf
Sales Price: $670,000, or $27.92 per sf (land value)
Closing Date: 11/13 Grantor: Rest Family Company LLC Grantee: Colorado McDonald Entprs. LLC 6060 S. Broadway, Littleton 80121
Comments: Property to the north. Several parcels are owned by the grantee and the buyer acquired this property for expansion purposes. Property is located on E/S South Broadway approximately 150’ south of E. Orchard Ave. intersection.

Property Location: 4442 S. Broadway, Englewood
Property Description: 4,601-sf retail/ showroom space, brick/concrete const., YOC 2013 Land Size: 12,500 sf Sales Price: $610,000, or $27.92 per sf (land value)
Closing Date: 11/13 Grantor: Centennial Bank, Peter Ammon, SVP Grantee: 4442 Limited LLC c/o Peter Paradise, Lakewood
Financing: $830,000 payable to First National Bank of Denver, due 11/13/19
Comments: Property was foreclosed by the grantor with a total indebtedness of $775,726. There are 14 parking spaces with new A/C units on the roof with trade fixtures, including refrigerator and counter sinks.

Denver County

Property Location: 7755 E. Hampden Ave., 7735 E. Hampden Ave. & 7600 E. Eastman Ave., Denver
Property Description: 355,269 sf within 3 multistory office buildings (two 6-story buildings and one 7-story building), YOC 1980-1984 Land Size: 11.75 acres
Sales Price: $23.05M, or $64.87 per sf Closing Date: 10/30 Grantor: GSMS 2004-GG2 Hampden Office LLC c/o LNR Partners LLC, Miami, FL Grantee: Tamarac Plaza LLC 10188 Telesis Ct., Ste. 222, San Diego, CA 92121
Financing: $20.6M payable to Prime Finance Partners, 233 N. Michigan Ave., Chicago, IL 60601
Comments: True buyer is Parallel Capital Partners, with Matt Root, 658-882-9506; Jim Ingebritsen, 858-882-9504; and Jim Reynolds, 856-882-9502. Buyer is projected to spend nearly $20 per sf on renovations of the 60% occupied buildings. Property sold for $37M in July 2004. Listed by Cushman & Wakefield, the property was on the auction block in September 2014.

Property Location: 3484 W. Moncrief Ave.; 3220 Mead St.
Property Description: Misc. improvements Land Size: 62,250 sf Sales Price: $9.7M, or $156.07 psf
Closing Date: 10/31 Grantor: Moncrieff Placemaking c/o Newmark Grubb Knight Frank (Thomas H. Wootten, mgr.) 303-892-1111 (3 deeds) 602-778-2800 Grantee: Broadstone Highlands Square LLC c/o Alliance Residential Company, V. Jay Hiemenz, COO, Phoenix, Arizona Financing: $29.05M payable to Bank of America
Comments: 150 units proposed Property Location: 1576 Sherman St., Denver Property Description: 3-story office bldg., 27,664 sf, YOC 1956 Land Size: 11,269 sf Sales Price: $4.9M, or $177.13 psf Closing Date: 10/15 Grantor: 1576 Sherman LLC (Michael Rothberg, mgr.) 303-825-5999 Grantee: Killin Properties LLC 43551 Highway 6, Holyoke, CO (Kimbra Killin, mgr.) Comments: The sale was handled by David and Tony Leuthold, 303-871-9000, and contains 8 surface parking spaces. The building was renovated in October 2002. Seller purchased building in June 2001 for $1.65M.

Property Location: 175 S. Sherman St., Denver
Property Description: 16-unit, 2-story center hall building, 10,289 sf, YOC 1958 Land Size: 7,500 sf
Sales Price: $1.76M, or $110,000 per unit or $171.06 psf Closing Date: 10/31 Grantor: N.L.B.J.R. Stem Charitable Remainder Trust (Norwood L. Robb, mgr.) Grantee: 175 S. Sherman LLC (David H. Burch, mgr.)
Financing: $1.45M payable to Guaranty Bank & Trust, due 11/1/24
Comments: The sale was handled by Greg Breslau and Jeff Johnson of Pinnacle Real Estate Advisors.

Property Location: 6565 E. Evans Ave., Denver
Property Description: 2-story garden-level office building, 15,734 sf, YOC 1972 Land Size: 44,684 sf
Sales Price: $1.05M, or $66.73 psf Closing Date: 10/15
Grantor: Barerose Evans LLC (Barry Hamilton, mgr.)
Grantee: 6565 E. Evans Owner LLC c/o Advanced Cannabis Solutions Financing: $600,000 @ 14% payable to Evans Street Lendco, 19 Fulton St., Ste. 301, New York City, NY 10038, matures on 10/21/2016
Comments: See sale in May 2014 for $650,000, formerly Bank of the West and Frontier Bank building. Property was sold by Fairbairn Commercial, John Fairbairn, Mike Lindquist and Rick Giarratano, 303- 765-4344. There are 76 parking spaces. Property will be used for marijuana purposes and was offered on the market by listing broker for $1.3M. The principals are Robert L. Frichtel and Christopher H. Taylor, CPA. It will also contain a fully builtout bank facility with over 2,000 safety deposit boxes, as federal banks cannot be used for deposits from marijuana based operations. It is a publicly traded firm (CANN:OTC US) Property Location: 937-947 Santa Fe Drive, Denver Property Description: 10,657-sf retail/ warehouse building, YOC 1939 Land Size: 0.42 acres Sales Price: $1.75M, or $164.21 psf Closing Date: 11/3 Grantor: Wyoming Pronghorn LLC (Abbas Rajabi, mgr.) Grantee: Nomadic Properties LLC c/o Summit Properties, Littleton Comments: Extensive renovation completed in 2008. There are 12 parking spaces.

Property Location: 1200-1210 W. Byers Place, Denver
Property Description: 852-sf industrial building, YOC 1945 Land Size: 23,440 sf
Sales Price: $450,000, or $19.20 psf (land value)
Closing Date: 10/23 Grantor: Domenico Real Estate Partnership II LLP (James J. Domenico, ptnr.) Grantee: Juan Manuel Sierra Bonilla and Justin Daniel Browning Financing: $360,000 @ 6.5% payments of $3,048.88 per month, due 10/21/29, payable to the Grantor.

Douglas County

Property Location: 10020 Trainstation Circle, Lone Tree
Property Description: 281-unit, 4-story apt. building, 257,414 sf, YOC 2013 Land Size: 4.18 acres
Sales Price: $67.8M, or $241,281 per unit, or $263.39 psf Closing Date: 11/6 Density: 67.23 units/acre
Grantor: Ridgegate II LP (Martin J. Fein, mgr.) 713-683-4810 Grantee: PPF AMLI 10020 Trainstation Cir LLC, Fred Shapiro, SVP, 312-283-4700 Comments: Listing brokers are Jeff Hawks, Doug Andrews, Anna Stevens, Terrance Hunt and Shane Ozment of ARA Colorado, 303-260-4400. There are 24 studios at 517 sf; 80 1/1 @ 670-713 sf; 58 1/1 @ 820-909 sf; 30 2/2 @ 1,060-1,080 sf; 3 2/2 @ 1,140-1,168 sf; 28 @ 2/2 @ 1,177 sf; 8 2/2 @ 1,213 sf; 20 2/2 @ 1,221 sf; 16 2/2 @ 1,312 sf; 14 3/2 @ 1,396 sf. The average size is 916 sf with the average rent at $1.71 per sf. Expenses are approximately $5,423 per unit not including capital reserves. Stabilized income reflects mid 5% cap rate.

Property Location: 8490 Upland Dr., Englewood
Property Description: 64,000-sf warehouse, concrete panel const., YOC 2006 Land Size: 4.15 acres
Sales Price: $7.6M, or $118.75 psf
Closing Date: 10/31 Grantor: Opus Real Estate Co VIII CP LLC (David C. Watson, VP)
Grantee: Hendricks Commercial Properties LLC, 525 Third St., Beloit, WI 53511- 6211
Comments: Principal for the buyer is Rob Gerbitz and can be reached at 608-362- 8981 with Diane Hendricks as chairman of the board.

Property Location: S/S South St, 200’ W of Wilcox St (200 South St.), Castle Rock
Property Description: 2,142-sf, 4-bay auto service garage, YOC 1981
Land Size: 28,009 sf
Sales Price: $750,000, or $26.78 per sf (land value)
Closing Date: 10/23
Grantor: Dannie D. Barnhardt and Mary E. Barnhardt
Grantee: Berkenkotter Motors LLC 729 Wilcox St., Castle Rock Financing: $725,000 @ 6% fully amortized over 10 years payable to grantor
Comments: This property adjoins 11 S. Wilcox St., bordered by an alley to the east of 200 South St. Buyer will use property for auto dealership located at 11 S. Wilcox as the subject property is directly west of 11 S. Wilcox St