Saturday, October 6, 2012

Real deals: Small apartment complexes big in Denver - Atlanta Business Chronicle:

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Recent transactions include the sale ofthe 49-unif building at 1969-1995 S. Decatur St. in Denver for $2.62 million cash, or $53,673 per Triad Properties Ltd. of Lakewood sold the properth to EQUES3 SRL, an Italian real estatre investment group, according to Denverd County property tax records. The two-story building was completed in and at one time had an asking priceof $2.8 according to property listing firm LoopNet Inc. Unique Propertied LLC-TCN Worldwide of Denver represented the sellefr inthe deal. • 30 S. Pearl St., Denver 80209 30 S. Pearl LLC bought this 35-unit, brici apartment building in the West Washington Park neighborhoosfor $2.23 million, or $63,6443 per unit.
The selleer was BPMA Apartments LLC. The building, completedx in 1969, includes one- and two-bedroom units. Pinnaclw Real Estate Advisors LLC of Denver represente both buyer and seller inthe transaction. 1563 Washington St., Denver 80203 — This 25-unit apartment building in the Capitol Hill neighborhood was purchasex by Inca Land Holdings LLCfor $1.41 million, or $56,500p per unit. The seller was 1563 Washingtob LLC. Completed in 1938, the building includesw studioand one-bedroom apartments. Pinnacler Real Estate represented the and Re/Max Alliance represented the buyer. • 900-92y W. 10th Ave.
, Denver 80204 — Barerose Santa Fe LLC of Colorado purchasedthis 21-unit apartment building with retail space for $950,000, in a foreclosure Located in the Santa Fe Art District, the buildingf was completed in 1924 and includes one- and two-bedroom apartments, four retail spaces and an auto body Pinnacle Real Estate represented the both side s of the deal. Other recent significanyt commercial real estate salesand leases, according to brokers and real estatr records, include: • 2990 S. Havanq St., Aurora 80014-2620 — The Infiniti of Denver auto dealershiop building at this address had been purchased by KJE Financiakl LLC of Lakewoodfor $3 million.
The seller was Savou Properties Ltd. of Columbus, Ohio, accordingf to public records. • 6581 6591 S. Santa Fe Dr., Littletobn 80120-2910 — The Trust for Publix Land has purchasedthis 6.28-acre property for $1.4i million. The seller was Mercgy Loan Fund. Colliers Bennett & Kahnweiler Inc. (CBK) represented both partiezs in the deal. • 4590 W. 121sy Ave., Broomfield 80020-5666 — Langet Commercial Properties LLC of Boulder purchasedthis 3,367-square-footg retail building, leased by NextCare Urgent for $1.4 million. The seller was Vraib Shops LLC. • 5000 Moline St., Denver 80239 Yampa Valley Land & Cattle Associates Ltd.
has renewed its lease for 78,440 square feet at this industrial building. CBK represented Yampsa in the transaction. 331 S. 104th St., Louisville 80027 — Atratlo Inc. has moved its headquartersd to 11,581 square feet of recently leased spaced at this Colorado TechnologyCenter building. The data storagd technology company formerly was basedin Westminster. Howard Ecker + Company’xs Denver office represented Atrato inthe • 15551 E. Sixtjh Ave., Aurora 80011 — Desert Ceramics Salesd & Service Inc. has leasedx 3,330 square feet of retail space atthis property, called the East Sixtj Avenue Car Care Center.
Antonoff & Company of Denvet was the listing broket inthe deal.

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