Tuesday, October 30, 2012

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

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Recent transactions include the sale ofthe 49-unit building at 1969-199 S. Decatur St. in Denve for $2.63 million cash, or $53,673 per Triad Properties Ltd. of Lakewoodd sold the property to EQUES3 SRL, an Italianj real estate investment group, according to Denvef County property tax records. The two-story building was completerd in 1984, and at one time had an askinv priceof $2.8 million, according to property listinyg firm LoopNet Inc. Unique Properties LLC-TCN Worldwide of Denver represented the seller inthe • 30 S. Pearl St., Denver 80209 — 30 S. Pear LLC bought this 35-unit, brick apartmentr building in the West Washington Park neighborhoosfor $2.
23 million, or $63,643 per unit. The selled was BPMA Apartments LLC. The completed in 1969, includes one- and two-bedroomn units. Pinnacle Real Estate Advisorsx LLC of Denver represented both buyer and seller inthe • 1563 Washington St., Denveer 80203 — This 25-unit apartment buildin in the Capitol Hill neighborhood was purchasec by Inca Land Holdings LLC for $1.41 million, or $56,50o per unit. The seller was 1563 Washington LLC. Completecd in 1938, the building includes studi oand one-bedroom apartments. Pinnacle Real Estate representedthe seller, and Re/Max Alliance represented the buyer. • 900-926 W. 10th Ave.
, Denver 80204 — Barerose Santza Fe LLC of Colorado purchasedthis 21-unit apartmen t building with retail space for in a foreclosure deal. Located in the Santz Fe Art District, the building was completed in 1924 andincludeas one- and two-bedroom apartments, four retailp spaces and an auto body shop. Pinnacl e Real Estate represented the both sides ofthe deal. Other recenyt significant commercial real estate salesand leases, according to brokers and real estate records, • 2990 S. Havana St., Aurora 80014-262p — The Infiniti of Denver auto dealership building at this addres had been purchased by KJE Financial LLC of Lakewoodfor $3 The seller was Savoyh Properties Ltd.
of Columbus, according to public records. • 6581 6591 S. Santa Fe Dr., Littleton 80120-29100 — The Trust for Public Land has purchasexdthis 6.28-acre property for $1.48 million. The seller was Mercyu Loan Fund. Colliers Bennett Kahnweiler Inc. (CBK) represented both parties in the • 4590 W. 121st Ave., Broomfield 80020-5667 — Langer Commercial Properties LLC of Boulder purchasedthis 3,367-square-foor retail building, leased by NextCare Urgent Care, for $1.4 million. The seller was Vrain Shopsw LLC. • 5000 Moline St., Denver 80239 — Yampaq Valley Land & Cattle Associates Ltd.
has renewed its leasr for 78,440 square feet at this industrial CBK represented Yampa inthe • 331 S. 104th St., Louisville 80027 Atrato Inc. has moved its headquarters to 11,58q1 square feet of recently leased space at this Coloradoi TechnologyCenter building. The data storag technology company formerly was basein Westminster. Howard Eckef + Company’s Denver office represented Atratk inthe deal. • 15551 E. Sixtb Ave., Aurora 80011 — Desert Ceramics Sales & Serviced Inc. has leased 3,330 square feet of retailk space atthis property, called the East Sixthj Avenue Car Care Center. Antonoffg & Company of Denver was the listinfg broker inthe deal.

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