Transactions Report Week of 11.13.17


HFF Announces $5.075M Sale of MainStreet at FlatIron in Broomfield

82 Inverness Dr E A2 Englewood-large-8Holliday Fenoglio Fowler, L.P. (HFF) announced the $5.075 million sale of MainStreet at FlatIron, a 93,657-square-foot mixed-use center in Broomfield. The HFF team marketed the property on behalf of the seller and procured the buyer, a private investment group based in Boulder.

MainStreet at FlatIron comprises two multi-tenant buildings with 59,224 square feet of office and 34,433 square feet of retail space. Completed in 2002, the property is 56.3 percent leased to 10 tenants, including Jason’s Deli and CorePower Yoga.

Situated on 3.19 acres, the asset is adjacent to the 6.5-million-square-foot Interlocken Business Park, across the street from the 1.4-million-square-foot Flatiron Crossing Mall and less than one mile from U.S. 36.

The HFF investment advisory team representing the seller included managing director Jules Sherwood.

Emerald Towers in Colorado Springs Sells for $9M

Marcus & Millichap announced the sale of Emerald Towers, a 73-unit apartment building in Colorado Springs. The property sold for $9,000,000. Marcus & Millichap Capital Corporation assisted with financing on the deal.

Emerald TowersGreg Price, a senior director of Marcus & Millichap’s National Multi Housing Group, represented the seller, a private investor. Price also procured the buyer, after receiving over 20 bids on the property. The winning bid came from a New York-based buyer sourced through the Marcus & Millichap network.

Constructed in 1967 by developer Roland Wilson, Emerald Towers is located at 107 W Cheyenne Road in the desirable Broadmoor area of Colorado Springs. The high rise has seven floors in addition to a spacious basement and rooftop. Residents can choose from a generous unit mix of studios, one-, and two-bedroom floor plans, each with large private balconies. Amenities include an Olympic-sized swimming pool and a large courtyard area. The buyer plans to upgrade units and all the common areas.

NavPoint Real Estate Group Sells 28,035 SF Industrial Building in Englewood for $2,800,000 and a 11,769 SF Office Building in Castle Pines for $2,900,000

82 Inverness Dr E A2 Englewood-large-8NavPoint Real Estate Group announced the sale of 28,035 square foot Industrial Building at 82 Inverness Drive E Unit A in Englewood.

The seller was Island Cattle Company, LLC. The buyer was 1133 Properties, LLC. Matt Call and Brent Ham of NavPoint Real Estate Group represented the seller. Matt Kulbe of NavPoint Real Estate Group represented the buyer.

The property is located 1 mile off 1-25 and E Dry Creek Road. The building was built in 1979 was renovated in 2006. The property is a Single-Tenant, Net Leased Industrial Asset that X-treme Challenge occupies.

7501 Village Square Dr 1 MainNavPoint Real Estate Group also announced the sale of a 11,769 SF Office Building at 7501 Village Square Drive in Castle Pines. The seller was CPN Investments, LLC. The buyer was MDF Residential, LLC. Matt Call and John Witt of NavPoint Real Estate Group represented the seller. Jewel Brown of Coldwell Banker Devonshire represented the buyer.

This deal successfully closed in November. The property is conveniently located 1/4 mile off 1-25 and Castle Pines Parkway. The building was built in 2008. The property is a Multi-Tenant Office Investment Asset that consists of tenants such as Allstate Insurance, Real Trends Inc, Nations Lending, Ideal Weight Centers LLC, Kerri Pickering-Fowler Psychologist, PsyD, David Goodrich PsyD, MFT, Professional Home Solution, Wayne Ruegge, CPA PC, OnPointe Valuation LLC, and Randa & Co properties.

Pinnacle Announces Sale of 20,000 SF Industrial Lot with Office Building

3195 South Zuni

Pinnacle Real Estate Advisors, LLC announced the sale of 3195 South Zuni Street for a contract price of $595,000; $595 per square foot. Senior Advisor Robert Lawson represented the buyer in the transaction.

The 1,000 square foot stand-alone office building, completely remodeled in 2017, is located in the highly sought-after Santa Fe Corridor and sits on a 20,000 square foot industrial lot.


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