Colorado Real Estate Journal - July 16, 2014

The Winslow Report

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Adams County

Location: 301 E. Malley Ave., Northglenn
“Aspen Park Apartments”
Property Description: 388-unit apt. complex w/312,474 sf, brick/frame, YOC 1973
Land Size: 18.43 acres
Sales Price: $32M, or $82,474 per unit
Closing Date: 6/18
Grantor: Northglenn
Holdings LLC (Alexander Moradi and Fred
Mashian, mgrs.)
Grantee: Malley Washington LLC (c/o BMC
Investments, Matt
Jablon, mgr.)
Comments: Property
was purchased in 2007
by ICO for $24.35M,
and it has been in renovations since purchase.
Seller contact information is c/o ICO Group based in Los Angeles, 213-225-2225. H. Joseph Soleiman is
director of acquisitions. The listing brokers were David Potarf, Dan Woodward
& Matt Barnett of CBRE. BMC plans to
spend $1.4M in renovation and upgrades.
The buyer assumed a $25.5M loan (Freddie Mac) through Centerline Capital
Group with 3.7% fixed for the next 5 1/2
years, amortized over 30 years.
Property Location: 12110 N. Pecos St.,
Westminster “Park Centre Place” office
building
Property Description: 55,019-sf, 3-story
brick office building, YOC 1984
Land Size: 4.88 acres
Sales Price: $6.75M, or $122.69 per sf
Closing Date: 6/25
Grantor: NBS-121 Pecos OPCO LLC
(Rance S. Gregory, CEO)
Grantee: Mililani Investments Pecos LLC
(Eadean Buffington, mgr.) Pearl City, HI
Financing: Buyer executed $4.25M note,
payable to Bank of America (63% LTV)
Comments: Sale included 2.52 acres of
vacant land and a 55,019-sf office building
on 2.36 acres. Sale was handled by Jones
Lang LaSalle, which represented the seller,
Morrison Street Capital, Rance S. Gregory,
CEO, 503-952-0745.
Property Location: 3003-3013 W. 104th
Ave., Westminster
Property Description: 24,029-sf strip center, (4 buildings), YOC 2006
Land Size: 4.2 acres
Sales Price: $6M, or $249.70 per sf
Closing Date: 6/18
Grantor: Trec Valle Vista LLC (Ronald
Boraks, mgr.)
Grantee: CWC Income Properties 2 LLC
(John W. Wells, pres.) 888-550-9266
Financing: Buyer executed $6.33M note,
payable to Academy Bank (Colorado
Springs)
Comments: Property listed by Crosbie
Real Estate Group, Rich Hobbs and Jeff
Germain. Tenants include Lodo’s Bar and
Grill, Spring Mobile, Bright Now Dental, Chase Bank, Edward Jones and Ideal
Image. Other addresses includes 3004 W.
105th Ave. and 3044 W. 105th Ave. Known
as “Valle Vista Shopping Center.”
Property Location: Adj SEC W. 70th Ave.
& Federal Blvd., Denver
Property Description: Vacant land
Land Size: 21.82 acres
Sales Price: $3M, or $3.16 per sf
Closing Date: 6/18
Grantor: Regis Northgate LLC (Charles R.
Dahlman, mgr.)
Grantee: Pomponio Terrace Holding LLC
(James R. Merlino, mgr.)
Comments: Buyer is a REIT based out of
Birmingham, AL, with Emmett E. McLean
as EVP, 205-969-3755.
Property Location: 9801 E. 102nd Ave.,
Henderson
Property Description: 46,200-sf warehouse, 33 dock-high doors, YOC 2002
Land Size: 7 acres
Sales Price: $2M, or $43.29 per sf
Closing Date: 6/20
Grantor: Caleast NAT LLC
Grantee: Celadon Realty LLC (Stephen
Russell, CEO) 317-972-7000
Comments: Building is metal with fractured block façade. Buyer is Celadon
Trucking with Jon Russell, president.
Property Location: 5375 E. 56th Ave.,
Commerce City
Property Description: 25,020-sf (61-dock
door) truck terminal, YOC 1975 (includes
17,085-sf warehouse, 3,750-sf office and
4,185-sf service garage)
Land Size: 8.61 acres, zoned I-2
Sales Price: $2.9M, or $115.91 per sf
Closing Date: 6/18
Grantor: Estes Express Lines (Angela J.
Maidment, VP – real estate)
Grantee: Old Dominion Freight Lines, Inc.
(David S. Congdon, pres.) 336-889-5000
Comments: This property adjoins the
buyer’s main Denver headquarters, located at 5601 Holly St,, which Old Dominion
Freight Lines purchased in July 2008 for
$11M, or $110.77 per sf, on 24.69 acres and
99,309-sf truck terminal space.
Property Location: 30 S. 20th Ave., Brighton
Property Description: 7,224 sf (2 units
combined), YOC 1998
Land Size: 37,963 sf
Sales Price: $1.01M, or $139.81 per sf
Closing Date: 6/12
Grantor: URA LLC (Luithuk Zimik, mgr.)
Grantee: Salud Family Health Centers
(Fort Lupton)
Comments: Transaction handled by
Chuck Westrum of Re/Max Momentum,
303-517-0679.
Property Location: 6858 Hwy. 2, Commerce City
Property Description: 3,440-sf retail store,
YOC 1955, and 4,200-sf service garage,
YOC 1995 (total of 7,640 sf)
Land Size: 1.1 acres
Sales Price: $540,550, or $70.75 per sf
Closing Date: 6/10
Grantor: ATD Investments LLC (Mary
Ellen Hornbacher, mgr.)
Grantee: A2247 Larimer LLC (William
Piper, mgr.)
Property Location: 3590 Revere St., Aurora
Property Description: Vacant industrial
land
Land Size: 2.5 acres
Sales Price: $270,000, or $2.48 per sf
Closing Date: 6/9
Grantor: John F. Schneider and Rose
McFarland, San Mateo, CA
Grantee: VS Properties LLC (Wlodzimierz Sekula, mgr.)
Comments: Property is located at southeast corner of E. Smith Road and Revere
St.

Arapahoe County

Property Location: South side of E. Long
Ave., 1 mile west of Smoky Hill Road
Property Description: Vacant land
Land Size: 70 acres
Sales Price: $6.62M, or $94,541 per acre
Closing Date: 7/1
Grantor: H.D. Holdings LLC
Grantee: The Ryland Group (Scott Pederson, mgr.)
Comments: Unplatted land that fronts on
north side of E. Otero and the north side of
Douglas County line.
Property Location: Vic E-470 & E. Layton
Ave., Aurora
Property Description: Vacant residential
lots
Land Size: 122 residential lots and 4 tracts
Sales Price: $4.33M, or $35,500 per lot
Closing Date: 6/19
Grantor: South Quincy Residential Developers (Richard Frank, mgr.)
Grantee: Richmond American Homes of
Colorado Inc.
Comments: Paper platted lots with estimated engineering cost to be $1.4M.
Property Location: 8100 E. Arapahoe
Road, Centennial
Property Description: 17,004-sf, 3-story
office/bank building, YOC 1986
Land Size: 0.66 acres
Sales Price: $3.9M, or $229.36 per sf
Closing Date: 6/20
Grantor: IAO Properties (Calvin Van J.
Essen, mgr.) 303-814-2559
Grantee: Millilani Investments LLC
(Thomas Foley, mgr.) Honolulu
Financing: $2.58M, payable to Heartland
FSB
Comments: See prior sale to IAO Properties for $2.9M. Buyer contact is also
Eadean M. Buffington.
Property Location: 15500 E. Broncos Parkway, Centennial
Property Description: 2,940-sf C-Store
with 7-Eleven as the tenant, YOC 2012
Land Size: 1.36 acres
Sales Price: $3.06M, or $1,041.73 per sf
Closing Date: 6/30
Grantor: 15550 Broncos Partners LLC
(Armstrong Capital, Greg L. Armstrong)
Grantee: Timothy Buyers, Trust c/o Real
Estate Industries Nevada LLC (Reno, NV)
Financing: Execute $1.5M at 4.75%, due 10
years, payable to First Bank
Comments: Buyer purchased property for
long-term investment. CBRE’s Brad Lyons
and Ron Urgitus represented the seller.
Property Location: 595 S. Forest St., Glendale
Property Description: 44-unit, 3-story apt.
w/28,904 sf, YOC 1972
Land Size: 1.21 acres
Sales Price: $2.7M, or $61,364 per unit, or
$93.41 sf
Closing Date: 7/1
Grantor: 595 South Forest Street LLC
(Rudolph B. Sacks Jr.)
Grantee: 816 S. Sherman St LLC and
771 Bellaire Street LLC (Jason Koch, Ryan
Floyd, Adam Riddle, mgrs., broker associates with Unique Properties LLC) 303-321-
5888
Financing: $2.04M, due 7/1/2017, payable
to AMG National Bank
Comments: 1031 exchange by Unique
Properties, Ryan Floyd, Jason Koch and
Adam Riddle.
Property Location: SEC E. Briarwood
Ave. & S. Havana St.
Property Description: Vacant commercial
site
Land Size: 26.02 acres
Sales Price: $2.83M, or $2.50 per sf
Closing Date: 6/27
Grantor: CCI Funding I LLC (Janice A.
Steinle, mgr.)
Grantee: 30 West Pershing LLC (c/o EPR
Properties, David Brain, pres.)
Comments: Bargain and sale deed as
this transaction was a distressed transaction. See order granting CCI Funding to
approve proposed sale dated March 2014.
Property Location: 13280 E. Mississippi
Ave., Aurora, “Potomac Square”
Property Description: 50,000-sf discount
store (vacant), block const., YOC 1985
Land Size: 1.21 acres
Sales Price: $1.6M, or $32.00 per sf
Closing Date: 6/4
Grantor: 13280 East Mississippi Avenue
LLC (Barton Rivkin, mgr.)
Grantee: 13280 Pacific LLC (Trong Lam,
mgr.)
Financing: Buyer executed $1.2 at 4.6%
until 7/1/2024, payable to FirstBank
Comments: Property was listed by Sheldon Hayutin, 720-880-2934, and Lev
Cohen, 720-880-2925, of WestStar.
Property Location: 8195 Southpark Lane,
Littleton
Property Description: Vacant Land, plans
for credit union
Land Size: 2.79 acres
Sales Price: $1.1M, or $9.05 per sf
Closing Date: 6/19
Grantor: First Commercial Bank (Jim Pefanis, SVP)
Grantee: Red Rocks Credit Union (Patrick
T. Ahern, pres.) 303-471-7625
Comments: Seller’s company was represented by Cushman & Wakefield’s Ryan
Stout (303-618-6448) and Terrence Pace
(303-813-6455).
Property Location: 24500 Smoky Hill
Road, Aurora
Property Description: Vacant Land
Land Size: 1.2 acres
Sales Price: $825,000, or $15.70 per sf
Closing Date: 6/20
Grantor: Mauldin #60 LLLP aka MAKM,
FLLLP (Arthur Mauldin, ptnr.)
Grantee: D & M Holdings LLC (Michael
K. Hoffman, mgr.)
Comments: 2.3-acre site replatted into 2
parcels. This property (Lot 1, Blk 1) will be
used for a “Que Taco” fast-food restaurant.
The other new lot (Lot 2, Blk 1) will contain
nearly 1.17 acres and a 4,900-sf Brake Plus
is proposed.

Denver County

Property Location: 240 S. Monaco Parkway, Denver
Property Description: 710 units, 817,400
sf, brick, YOC 1970
Land Size: 25.7 acres
Sales Price: $119M, or $165,278 per unit
Closing Date: 6/24
Grantor: BVF Crestmoor LLC c/o Berkshire Property Advisors
Grantee: Monaco Parkway Fee Owner
LLC c/o TruAmerican MF LLC
Financing: $87.5M, payable to CBRE Capital Markets, due 7/1/21
Comments: Part of portfolio headed by
Atlanta office of CBRE, headed by Kevin
Geiger and Dan Woodward of Denver
office, 720-628-7417.
Property Location: 1539 S. Galena St.,
Denver
Property Description: 400 units, 345,280
sf, brick, YOC 1987
Land Size: 25.7 acres
Sales Price: $48M, or $165,278 per unit
Closing Date: 6/24
Grantor: BVF Crestmoor LLC c/o Berkshire Property Advisors
Grantee: Monaco Parkway Fee Owner
LLC c/o TruAmerican MF LLC
Financing: $87.5M, payable to CBRE Capital Markets, due 7/1/21
Comments: Part of portfolio headed by
Atlanta office of CBRE, headed by Kevin
Geiger and Dan Woodward of Denver
office, 720-628-7417.
Property Location: 3300 S. Tamarac Dr.,
Denver
Property Description: 564 units, 411,000
sf, YOC 1977
Land Size: 24 acres
Sales Price: $55M, or $97,518 per unit, or
$133.78 per sf
Closing Date: 4/1
Grantor: Tamarac Village LLC (AIMCO
Grantee: Tamarac-Hampden Fee Owner
c/o TruAmerican MF LLC (Robert Hart)
Financing: $44.1M, payable to Holliday
Fenoglio Fowler, due 4/1/21
Comments: Deal was brokered by Pat
Stucker and Mark Peppercorn of JLL. Greg
Campbell indicated $6M to $7M budgeted
for renovations.
Property Location: 550 15th St., Denver
Property Description: 302-room hotel
including 120 rooms (Hampton Inn) and
182 suites (Homewood Suites) plus 7,000-sf
meeting space, redeveloped in 2013
Land Size: 10,900 sf
Sales Price: $81.5M, or $133,333 per door
Closing Date: 6/23
Grantor: 550 15th Owner LLC c/o Walton
Street Capital LLC (Thomas Bennett)
Grantee: CWI Denver CBD Hotel LLC,
Lake Forest IL (Michael G. Medzigian, pres.)
Financing: $53M, payable to AIG Investments
Comments: Buyer is a division of Carey
Watermark Investors.
Property Location: 1615 Wynkoop St.,
Denver, “One Union Station”
Property Description: 111,464-sf, 5-story
office building, YOC 2014 (gold certified)
Land Size: 48,915 sf
Sales Price: $67.14M, or $602.35 per sf
Closing Date: 6/20
Grantor: South Wing Development LLC
(Ryan Stone, mgr.) Denver
Grantee: GLL BVK Properties c/o Chris
Quiett Orlando, FL
Financing: Buyer executed $32.25M, payable to Landesbank Hessen-Thuringen
Girozentrale of New York City
Comments: Buyer is a German company
with offices located at 200 S. Orange Ave.,
Ste. 1375, Orlando, FL. Chad Flynn, Mike
Winn and Tim Richey of Cushman &
Wakefield negotiated the sale. Seller is East
West Development.
Property Location: 475 17th St., Denver
Property Description: 151,425-sf, 17-story
office building, YOC 1975
Land Size: 10,900 sf
Sales Price: $16.6M, or $109.63 per sf
Closing Date: 6/25
Grantor: 475 17th Street CO, LLP (John
Fletcher III, gen. ptnr.)
Grantee: 475 Investment Partners LLC (B.
David Steel, mgr.) 303-321-5700
Financing: Buyer executed $8.3M note,
payable to Colorado Business Bank
Comments: Buyer’s company is Western Development Group. Listing broker
was Doug Jones, 303-292-2100, The Jones
Realty Group, Inc. Due to confidentiality,
no information was provided by Jones.
Property Location: 3635 S. Monaco Parkway, Denver, “Continental Theater”
Property Description: 60,154-sf “Regal
Cinemas Stadium 10,” YOC 1996
Land Size: 6.89 acres
Sales Price: $14.75M, or $245.20 per sf
Closing Date: 6/26
Grantor: The Contalp LLC (Thomas Gart,
mgr.) 303-399-2555
Grantee: Realty Income Properties 18 LLC
(Joel Tomlinson, VP) 760-741-2111
Comments: Property is leased to theater
since 1996 and has nearly 12 years remaining on the lease.
Property Location: NEC Stuart St. & W.
Conejos Pl. , also fronts NWC Quitman St.
extended & W. Conejos Pl., Denver
Property Description: Vacant, 369 units
planned, and includes 709 parking spaces
in the existing parking garage
Land Size: 4.48 acres, zoned C-MX-5
Sales Price: $11.85M, or $60.69 per sf, or
$32,027 per buildable unit
Closing Date: 6/27
Grantor: EPG-South Sloan’s Lake I, LLC
(Cameron R. Bertron, EnviroFinance)
Grantee: Sloan’s Lake Apartments LLC l
LLC (Matthew Schildt, mgr.)
Financing: Buyer executed $41.2M note to
Regions Bank, due 12/27/17.
Comments: Buyer is principal with Trammell Crow Residential. The entire Sloan’s
Lake development is 19.67 acres is located where St. Anthony Hospital was. The
seller acquired the 19.3 acres from Catholic Health Initiatives Colorado in January
2013 for $9.5M, or $11.30 per sf, which
included 629,785-sf hospital building that
will be razed. The second transaction was
a $745,000 purchase by EFG-South Sloan’s
Lake I LLC from Yeshiva Toras Chaim,
a nonprofit organization. This property
contained an 8,379-sf residential boarding house on 16,300 sf of land, located
at 1511 Perry St. The total sum of the
EPG-South Sloan’s Lake acquisition was
a total of $10.25M, or $11.96 per sf. The
existing parking structure sits on 1.44 acres
and will be shared between the developer
(TCR) and Littleton Capital Partners (Jonathan Bush), developer of the proposed
740-seat theater/cinema. Stuart Miner is
president of the seller’s company, 303-205-
7910. Matthew Schildt, managing partner
of Trammell Crow, plans to build 369
units with 4- and 5-story buildings, with
the existing parking garage to be shared.
Listing transaction was handled by Dorit
Fischer of Shames Makovsky.
Property Location: 3001-3025 Walnut St.,
Denver
Property Description: 18,157 warehouse,
YOC 1937
Land Size: 24,980 sf
Sales Price: $3M, or $165.23 per sf
Closing Date: 6/18
Grantor: KH Walnut LLC/Kresher Holdings LLC (Richard Weisfisch, mgr.)
Grantee: 3001 EBWalnut LLC (David W.
Cole, mgr.)
Financing: Buyer executed $3.05M note,
payable to Zion’s First National Bank
Comments: Buyer’s company is Epic Beer
and has been a tenant in the property for
several years. David Cole and Peter Erickson are co-founders, 720-539-7410.
Property Location: 1155 30th St., Denver
Property Description: 48,380-sf factory,
YOC 1967
Land Size: 59,800 sf (by assessor map calculation) (considered land value)
Sales Price: $2.83M, or $47.24 per sf (land
value)
Closing Date: 6/25
Grantor: 1155 30th Street LLC (Eric Pinckney, VP of the Integral Group)
Grantee: Enterprise LLC (Bahman Shafa,
mgr.) 303-296-7550
Financing: Buyer executed $2.12 note,
payable to Great Western Bank
Comments: Buyer’s company is Focus
Corp. Lender contact is Michael Bowlby
Sr., VP of Great Western Bank. Property is
located at north corner 30th St. & Arapahoe St. & east corner of Lawrence St. &
30th St.
Property Location: 1226-1250 Cherokee
St., Denver
Property Description: Parking lot
Land Size: 37,500 sf
Sales Price: $4.6M, or $122.80 per sf
Closing Date: 6/19
Grantor: Percy 1230 LLC (Joy Hall, the
Leith Ventures) and CPX GT Land LLC
Grantee: Residences on Cherokee LLC,
c/o Integral (Atlanta) 404-224-1860
Financing: Buyer executed $3.1M note,
payable to Stears National Bank
Comments: Two separate deeds with CPX
GT Land (Mark J. Witkiewicz Sr.), selling
for $2.22M and Percy 1230 LLC selling
for $2.39M. Possible multifamily development.
Property Location: 3415-3447 Larimer St.,
Denver
Property Description: Vacant land, 34,902
sf of 28 row houses planned
Land Size: 28,125 sf
Sales Price: $175.84M, or $62.52 per sf
(land), or $62,800 per unit
Closing Date: 6/24
Grantor: Chop Yard LLC (Martin Chernoff, mgr.)
Grantee: Larimer Row LLC (Jason Ferdig,
mgr.) 303-548-4149
Financing: $3.5M note, payable to West
Debt Fund LP, Salt Lake City
Comments: Located on northwest side
of Larimer St., 75 feet northeast of 34th
St., this 28-unit row homes project will
be priced from $350,000 to $425,000 per
unit. A planned light-rail stop will be at
Lawrence and 35th St. There are 18 units
@ 1,229 sf, 6 units @ 1,673 sf and 2 units
@ 1371 sf, with one and two car garages.
BLVD Builders LLC is headed by Jessica Whitehall,303-548-9421. See website,
www.larimerrow.com.
Property Location: 1075 Corona St., Denver, “The Patrician” apartments
Property Description: 36-unit, 3-story apt.
bldg. w/28,976 sf, YOC 1955
Land Size: 19,250 sf
Sales Price: $6.3M, or $175,000 per unit, or
$217.42 per sf
Closing Date: 3/27
Grantor: The Gruber Family (David A.
Gruber, et al.)
Grantee: 11th Avenue Residential LLC
(Michael A. Zoellner) 303-321-7325
Comments: Property listed by Apartment
Realty Advisors, Justin Hunt and Andrew
Hellman. Buyer is Red Peaks Properties.
The press release shows the in-place cap
rate was 3.85% at time of purchase. Building has underground parking.
Property Location: 70 Clarkson St., Denver
Property Description: 15-unit, 3-story apt,
w/balconies, 10,143 sf, YOC 1961
Land Size: 10,900 sf
Sales Price: $2M, or $133,333 per door
Closing Date: 6/23
Grantor: John Speier and Sidonia Speier
Grantee: 70 Clarkson Residential LLC
(c/o Red Peaks) 303-321-7325
Comments: Bobby Hutchinson is in
charge of acquisitions, 720-385-3828.
Property Location: 760-770 E. 11th Ave.,
Denver, “The Winery” apartments
Property Description: 13-unit, 3-story apt.
bldg. w/9,636 sf, YOC 1900
Land Size: 3,451 sf
Sales Price: $1.44M, or $110,385 per unit,
or $148.92 per sf
Closing Date: 6/26
Grantor: Robert & Mary Ramsour
Grantee: Miracles LLC (Molly A. Flynn,
mbr.)
Financing: Buyer executed $1.05M note,
due 7/1/44 (73.3% LTV)
Comments: Property listed by Kyle Malnati and Greg Johnson of Madison Properties for $1.45M in April 2014. There are
9 (1/1) units, 2 (1/1.5) units, and 2 (2/1)
units. Amenities include new steam boiler system and on-site laundry. Cap rate
with management factored is 6.1% with
expenses projected @ $2,993/door.
Property Location: 146 Madison St., Denver
Property Description: 3,908 sf office building, YOC 1996 (land value)
Land Size: 7,250 sf
Sales Price: $1.3M, or $179.31 per sf
Closing Date: 6/26
Grantor: 146 Madison LLC (Rex A. Crook,
303-388-2918, and Ali Yousef, mbrs.)
Grantee: 180 Madison LLC (The Leith
Ventures LLC, Joy Hall, mgr.) 720-941-5036
Comments: The buyer has been assembling property including 150 Madison
for $1.78M, or $142.00 per sf (land) on
12/20/2012. Leith Ventures owns the
southeast corner of E. Second Ave. & Madison, and with this purchase owns 32,250
sf of land, of which 25,000 sf is vacant land.
Property Location: 841 Santa Fe Dr., Denver
Property Description: 10,693-sf, 2-story
retail/office building
Land Size: 9,500 sf
Sales Price: $650,000, or $60.79 per sf
Closing Date: 6/20
Grantor: Gaddie MFG & Supply Co., Inc.
(Jim Link, pres.)
Grantee: John S. Stewart Post No. 1 Veterans of Foreign Wars
Comments: Listed by Joe Beck, VP of SRS,
303-295-4835.
Property Location: 837-839 Santa Fe Dr.,
Denver
Property Description: 4,528-sf, 2-story
industrial building, YOC 1989
Land Size: 4,760 sf
Sales Price: $300,000, or $66.25 per sf
Closing Date: 6/12
Grantor: Gaddie Manufacturing & Supply Co., Inc. (Jim Link, pres.) 303-948-5670
Grantee: 837 Santa Fe LLC (Michael and
Gloria McGuire, mgrs.) 303-783-1363
Financing: 3 notes: $155,000 & $123,000,
payable to Mutual of Omaha Bank; SBA
loan for $129,000, due 20 years, payable to
Colorado Lending Source, Ltd.
Comments: See 841 Santa Fe Dr. transaction that sold for $650,000. Gaddie MFG
& Supply sold both buildings for a total of
$950,000, or $62.41 per sf.
Property Location: 5050 Smith Road,
Denver
Property Description: 2,427-sf warehouse,
YOC 1980 (treated as land value)
Land Size: 92,308 sf
Sales Price: $600,000, or $6.50 per sf (land
value)
Closing Date: 6/23
Grantor: GBJG LLC (James O Gray, mgr.)
Grantee: FARZO CO, LLC
Comments: Property is zoned I-A UO-2
and located on south side Smith Road,
approximately 500 feet west of Forest St.
Site is irregular in shape. Proposed new
medical marijuana facility.
Property Location: 1927 Grant St., Denver
Property Description: Parking Lot
Land Size: 6,250 sf
Sales Price: $543,750, or $87 per sf
Closing Date: 6/26
Grantor: CDS Grant LLC c/o Jones Realty
Group, Doug Jones, mgr.)
Grantee: 19Grant LLC c/o McWhinney
Real Estate Services
Comments: Listing broker was Doug
Jones, 303-292-2100, The Jones Realty
Group, Inc.
Property Location: 3990 Fox St., Denver,
“Huwa Sales and Service Building”
Property Description: 4,608-sf warehouse
building, twin tee and precast, YOC 1973
Land Size: 6,250 sf
Sales Price: $398,300, or $86.44 per sf
Closing Date: 6/23
Grantor: Loren E. Huwa, et al., personal
rep of Estate Daniel E. Huwa
Grantee: DMG Fox LLC (Jim Gruber,
mgr.) 303-668-6300
Comments: This property was purchased
by longtime industrial broker James P.
Gruber. Tenant is Huwa Sales and Service,
which is in the restaurant supply equipment and service business. Property is
located on SEC Fox St. & 40th Ave.

Douglas County

Property Location: 304 Inverness Dr.,
Englewood
Property Description: 121,612-sf, 3-story
office building, YOC 1985, plus 104,400-sf
parking garage, YOC 1985
Land Size: 3.99 acres
Sales Price: $16.25M, or $133.62 per sf
Closing Date: 6/26
Grantor: Ascent Perennial I LLC (Jeffrey
D. Echt)
Grantee: CH Realty VI-SR O Denver
Inverness LLC
Comments: Sold to seller in February 2012
for $11.55M. Buyer is Stream Realty with
Patrick Blasdell managing Denver office
(303-957-5301 or 303-330-6399).
Property Location: 333 Perry St., Castle
Rock, “The Courtyard at Castle Rock”
Property Description: 36,927-sf, 2-story
retail store, YOC 2005
Land Size: 0.48 acres
Sales Price: $4.69M, or $127.06 per sf
Closing Date: 6/19
Grantor: Castle Centerstone Real Estate
(Bradley K. Brown, mgr.)
Grantee: 333 Perry LLC (Walter Hultin,
mgr.)
Financing: $3.52M note, payable to Barclays Bank PLC
Comments: Transaction handled by Newmark Grubb Knight Frank.
Property Location: 19641 E. Parker Square
Dr., Parker, “Parker Square Medical”
Property Description: 13,966-sf, 1-story
office building, brick, YOC 1984
Land Size: 1.37 acres
Sales Price: $2.1M, or $150.37 per sf
Closing Date: 6/27
Grantor: Parker Square Medical Center
LLC (Paul Elder and Jana Jacobs, mgrs.)
Grantee: Nalu LLC (James R. Judge, mgr.)
Comments: Property sold on an in-place
cap rate of 10.19%. Cyndi Stringham and
Patricia Wassik of Health Connect Properties listed the property, 303-830-1444.
There was 2,200 sf vacant, asking $16 per
sf NNN. Matt Call of NavPoint represented the buyer.