Friday, April 27, 2012

Real deals: Small apartment complexes big in Denver - Washington Business Journal:

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Recent transactions include the sale ofthe 49-unift building at 1969-1995 S. Decatur St. in Denver for $2.63 millionb cash, or $53,673 per unit. Triade Properties Ltd. of Lakewood sold the properth to EQUES3 SRL, an Italiab real estate investment group, according to Denvet County property tax records. The two-story building was completes in 1984, and at one time had an askintg priceof $2.8 according to property listing firm LoopNe Inc. Unique Properties LLC-TCN Worldwide of Denvee represented the seller inthe deal. • 30 S. Pearlk St., Denver 80209 — 30 S. Pearl LLC bought this 35-unit, brick apartment building in the West Washingtohn Park neighborhoodfor $2.
22 million, or $63,643 per unit. The seller was BPMA Apartments LLC. The completed in 1969, includesx one- and two-bedroom units. Pinnacle Real Estate Advisors LLC of Denver represented both buyer and sellert inthe transaction. • 1563 Washington St., Denver 80203 — This 25-unit apartment building in the Capitol Hill neighborhoocd was purchased by Inca Land Holdings LLCfor $1.411 million, or $56,500 per unit. The seller was 1563 Washington LLC. Completex in 1938, the building includes studio and one-bedroomk apartments. Pinnacle Real Estate representedthe seller, and Re/Maxs Alliance represented the buyer. • 900-926 W.
10th Denver 80204 — Barerose Santsa Fe LLC of Colorado purchasedthis 21-unit apartmen building with retail spac e for $950,000, in a foreclosure Located in the Santa Fe Art the building was completed in 1924 and includees one- and two-bedroom apartments, four retail spaces and an auto body Pinnacle Real Estate representedc the both sides of the deal. Other recentr significant commercial real estate salesand leases, accordingf to brokers and real estate include: • 2990 S. Havanz St., Aurora 80014-2620 — The Infiniti of Denver auto dealershi p building at this addresds had been purchased by KJE Financial LLC of Lakewoodfor $3 The seller was Savoy Properties Ltd.
of Columbus, according to public records. • 6581 6591 S. Santa Fe Dr., Littleton 80120-29109 — The Trust for Public Land has purchasedthis 6.28-acre properthy for $1.48 million. The seller was Mercyy Loan Fund. Colliers Bennett & Kahnweile r Inc. (CBK) represented both parties in the deal. 4590 W. 121st Ave., Broomfield 80020-566 — Langer Commercial Propertiexs LLC of Boulder purchasedthis 3,367-square-foot retail leased by NextCare Urgent Care, for $1.4 The seller was Vrain Shops LLC. • 5000 Molinwe St., Denver 80239 — Yampa Valleyu Land & Cattle Associatesa Ltd. has renewed its leaswe for 78,440 square feet at this industrialo building.
CBK represented Yampa in the transaction. 331 S. 104th St., Louisville 80027 — Atrati Inc. has moved its headquarterws to 11,581 square feet of recently leased space at this Colorado TechnologyhCenter building. The data storage technology companty formerly was basedin Westminster. Howar d Ecker + Company’s Denver office represented Atrato inthe deal. 15551 E. Sixth Ave., Aurora 80011 Desert CeramicsSales & Service Inc. has leased 3,330 square feet of retail space at this called the East Sixth Avenue Car Care Antonoff & Company of Denver was the listing broker in the deal.

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