December 12, 2008
JB Hochman, Josh Newell, and Chad Miller are pleased to announce the following sale:
621 Emerson Gulch Road, Boulder CO 80302
621 Emerson Gulch Road is a 6 acre Boulder mountain property that sold on December 1, 2008 for $308,000. The Seller was Joseph Callahan; the Buyers were Jennifer Clurman and Jaimee Zeyzus. This property closed just 19 days after going under contract. JB Hochman, Josh Newell and Chad Miller represented the Buyer in this transaction. Jimmy Keith of RE/MAX Boulder represented the Seller.
Highline Village at 16071-16099 E. 16th Avenue in Aurora is a 14 unit property consisting of all two story townhomes with basements. There are 9 – 2Br/1Ba, 4 – 2Br/1.5Ba, and 1 – 3Br/1.5Ba units, all built in 1985. Each of the brick and frame townhomes is separately deeded, and the large two acre lot is already platted for an additional 21 units. Highline Village is located near the Fitzsimons Medical Campus, near new retail and office development. The property was sold on November 12, 2008 for $925,000, at $66,071 per unit. The Sellers were Toby Lynne Pippin and the Larry Dean Pippin Family Trust; the Buyer was Ronald W. Reely. This was an all cash transaction that closed in 14 days. Josh Newell, Chad Miller, and JB Hochman represented both the Seller and the Buyer in this transaction.
December 12, 2008
Chad Miller, Josh Newell and JB Hochman are pleased to announce the following sale:
5547 S. Grant Street, Littleton CO 80121
The Scotts Dale Apartments at 5547 S. Grant Street in Littleton is a 7 unit apartment building consisting of 6 – 1Br/1Ba, and 1 – 2Br/1Ba units, all built in 1960. The well maintained brick building features new windows, a new boiler, and separate entrances with new security doors. The property has professional, detailed landscaping and a private, fenced courtyard. The property was sold on November 14, 2008 for $350,000, at $50,000 per unit. This property was under contract after just 18 days on the market and sold at 100% of the original listing price. “This is a great opportunity for the Buyer to purchase a turn-key asset,” Chad Miller said. The Sellers were James H. Cain and Nancy Kay Cain; the Buyer was Scottsdale Apartments LLC. Chad Miller, Josh Newell, and JB Hochman represented both the Seller and the Buyer in this transaction.
December 12, 2008
Josh Newell, JB Hochman, and Chad Miller are pleased to announce the following sale:
16071-16099 E. 16th Avenue, Aurora CO 80011
Highline Village at 16071-16099 E. 16th Avenue in Aurora is a 14 unit property consisting of all two story townhomes with basements. There are 9 – 2Br/1Ba, 4 – 2Br/1.5Ba, and 1 – 3Br/1.5Ba units, all built in 1985. Each of the brick and frame townhomes is separately deeded, and the large two acre lot is already platted for an additional 21 units. Highline Village is located near the Fitzsimons Medical Campus, near new retail and office development. The property was sold on November 12, 2008 for $925,000, at $66,071 per unit. The Sellers were Toby Lynne Pippin and the Larry Dean Pippin Family Trust; the Buyer was Ronald W. Reely. This was an all cash transaction that closed in 14 days. Josh Newell, Chad Miller, and JB Hochman represented both the Seller and the Buyer in this transaction.
November 20, 2008
Jeff Johnson, Kyle Malnati & Matt Ritter are pleased to announce the following sale:
Bryant Street Apartments
3255-3285 South Bryant Street, Englewood, CO 80110
3255-3285 South Bryant Street built in 1982 consisting of three buildings totaling 30 units; 22 2Br/1Ba, 2 2Br/2Ba and 6 3Br/2Ba. This property sold on November 20, 2008 for $1,725,000. The Seller was Martinez Trust dated 2-20-1996. Jeff Johnson and Matt Ritter represented the Seller. The Buyer was Wunderlich/Engelhart Living Trust est. Nov. 6, 1992. Kyle Malnati represented the Buyer.
3950 Turnpike Drive, Westminster CO 80030
3950 Turnpike Drive is a 9 unit apartment building consisting of 8 – 2Br/1Ba and 1 – 1Br/1Ba units built in 1962. The property was sold on August 8, 2008 for $460,000. The Sellers were Doran and Catherine Walcott; the Buyer was
Castle Creek Investments, LLC. “This is the only apartment building above 4 units that has sold in Westminster
in 2008. Rents have been rising very rapidly in this submarket and the Buyer will realize strong returns on this investment,” remarks Josh Newell. Josh Newell, JB Hochman, and Chad Miller represented both the Buyer and the
Seller in this transaction. The Hochman Newell Team closed this transaction 11 days ahead of the closing date in the contract and at 97% of the listed price.
November 12, 2008
Bobby Hutchinson, Joe Hornstein, Josh Newell, JB Hochman, and Chad Miller are pleased to announce the following sale:
1025 Ammons St. & 8111-8113 W. 10th Ave, Lakewood, CO 80214
1025 Ammons Street was built in 1948 and consists of 13 - 2Br/1Ba units, 3 - 1Br/1Ba units. 8111-8113 W. 10th Avenue is an adjacent duplex that was built in 1959 and consists of 1 - 2Br/1Ba unit and 1 - 1Br/1Ba unit. Both properties sold together on November 10, 2008 for $1,037,900. The Seller was 1021 Columbine St, LLC and the Buyer was AKD Irrevocable Children's Trust. Bobby Hutchinson and Joe Hornstein represented the Seller in this transaction. Josh Newell, JB Hochman, and Chad Miller represented the Buyer in this transaction.
November 3, 2008
Jeff Johnson, Matt Ritter, Bobby Hutchinson & Joe Hornstein are pleased to announce the following sale:
1350 Lafayette Street, Denver, CO 80218
Chateau Lafayette, located at 1350 Lafayette Street was built in 1970 and consists of 34 - 1Br/1Ba and 1 - 2Br/2Ba. This property sold on November 3, 2008 for $2,900,000. The Seller was William T. Beeks, Jr. Bobby Hutchinson & Joe Hornstein represented the Seller. The Buyer was Madeleine G. Lawton Family Partnership, a California limited partnership. Jeff Johnson & Matt Ritter represented the Buyer.
October 29, 2008
Jeff Johnson, Matt Ritter and Kyle Malnati are pleased to announce the following sale:
1550 Detroit Street, Denver, CO 80206
1550 Detroit Street built in 1961 and consists of 10 Studios & 6 1Br/1Ba. This property sold on October 29, 2008 for $800,000. The Seller was 1550 Detroit St., LLC, a Colorado limited liability company. Jeff Johnson & Matt Ritter represented the Seller. The Buyer was 1550 Detroit Street, LLC, a Colorado limited liability company. Kyle Malnati represented the Buyer.
October 16, 2008
Kyle Malnati, Matt Lewallen, and Kevin Calame are pleased to announce the following sale:
1328 Corona Street, Denver, CO 80218
1328 Corona Street was built in 1910 and consists of 2-2Br/1Ba, 4-1Br/1Ba, and 4-Studios. This property sold on October 10, 2008 for $635,000. Kyle Malnati represented the Buyers, Scott McAllister and Christopher Wilson. Matt Lewallen and Kevin Calame represented the Seller, Vested Properties, LLC.
October 14, 2008
JB Hochman, Josh Newell, and Chad Miller are pleased to announce the following sale:
7822 Oberon Road, Arvada CO 80004
The Yarrow Gardens Apartments at 7822 Oberon Road is a 50 unit affordable housing community consisting of 10 – 4Br/1.5Ba, 30 – 3Br/1.5Ba, and 10 – 2Br/1Ba units built in 1976. Most of the large, spacious units have a deck and ample closet space. The property features on-site laundry facilities, well maintained playgrounds, and plenty of off-street parking. Located in the heart of suburban Arvada, Yarrow Gardens is a family oriented affordable community on a large 2.72 acre lot between Allison and Yarrow Streets.
The property was sold on October 13, 2008 for $1,800,000 to Highland Properties 3508 LLC for $36,000 per unit. “There was a large amount of deferred maintenance at the property. The new buyer plans to substantially improve the asset over the next 12 months,” remarks Josh Newell. The Seller was Mennonite Housing Development Corporation, a Colorado non-profit corporation. This property was under contract after just 10 days on the market, and was sold at 95% of the original listed price.
Josh Newell, JB Hochman, and Chad Miller represented both the Buyer and the Seller in this transaction. The Hochman Newell Team worked closely with HUD and their previous experience selling subsidized housing communities proved invaluable in ensuring a successful closing after facing many delays.
September 30, 2008
Bobby Hutchinson and Joe Hornstein are pleased to announce the following sale:
1943 Dallas Street. Aurora, CO 80010 &
1995 Del Mar Parkway Aurora, CO 80010
1943 Dallas Street was built in 1979 and consists of 12-1Br/1Ba, 10-2Br/1Ba and 1-3Bd/2Ba units. This property sold on September 30, 2008 for $625,000. The Seller was Denver HC1, LLC and the Buyer was JTA Real Properties, LLC.
1995 Del Mar Parkway was built in 1962 and consists of 6-Studio units, 12-1Br/1Ba and 8-2Bd/1Ba units. This property sold on September 30, 2008 for $675,000. The Seller was Denver HC1, LLC and the Buyer was Stapleton Flats, LLC. Bobby Hutchinson and Joe Hornstein represented both the Seller and Buyer in this transaction. Bobby Hutchinson and Joe Hornstein represented the Seller in both transactions.
September 12, 2008
Jeff Johnson and Matt Ritter are pleased to announce the following sale:
1399 Vine Street Denver, CO 80206
1399 Vine Street built in 1950 and consists of 17 units, 16 1Br/1Ba and 1 2Br/1Ba. This property sold on September
11, 2008 for $1,075,000. The Seller was Marching, LLC. Brian Haggar of Fuller Real Estate represented the Seller.
The Buyer was Courtyard On Vine Street, LLC. Jeff Johnson & Matt Ritter of Pinnacle Real Estate Advisors, LLC represented the Buyer.
September 12, 2008
Josh Newell, JB Hochman, and Chad Miller are pleased to announce the following sales:
1800 Fenton Street, Lakewood CO 80214
1800 Fenton Street is a 13 unit apartment building consisting of 8 – 2Br/1Ba and 5 – 1Br/1Ba units built in 1961. The property was sold on September 3, 2008 for $985,000. The Seller was Schafer Investments, LLC. “This is the highest price/unit apartment building sale in Lakewood this year,” notes JB Hochman. JB Hochman, Josh Newell, and Chad Miller represented the Seller in this transaction. Steven O’Donnell of Point West Properties represented the Buyer.
The Hochman Newell Team had this property under contract within two weeks of publicly marketing it and sold it at over 98% of the listed price.
August 11, 2008
Bobby Hutchinson and Joe Hornstein are pleased to announce the following sale:
1244 Emerson Street, Denver, CO 80218
1244 Emerson Street was built in 1962 and consists of 2-Studio units and 10-1Bd/1Ba units. This property sold on August 11, 2008 for $845,000. The Seller was Morris Properties LLC and the Buyer was ACWONE LLC. Bobby Hutchinson and Joe Hornstein represented both the Seller and Buyer in this transaction.
August 5, 2008
Matt Ritter, Kyle Malnati and Jeff Johnson are pleased to announce the following sale:
The Empress Apartments
120 South Pennsylvania Street, Denver, CO 80209
The Empress Apartments at 120 South Pennsylvania Street is a 29 unit apartment building that was built in 1969 and consists of 29 – 1Br/1Ba units. The property was sold on August 1, 2008 for $1,968,600. The Seller was Ellas
Apartment Holdings, LLC.; the Buyer was Mark J. Mills.
This is the fourth apartment building acquired by Mark J. Mills since 2006 which will be converted into residential condo units by Urban Development. Mark Mills has condo converted the following apartment buildings at 1 Pearl Street, 740 Sherman Street, and 195 South Pennsylvania Street.
Urban Development has successfully sold every unit at 1 Pearl Street and 740 Sherman Street. They are in the process of selling the final units at 195 South Pennsylvania Street which is located across the street. They have had great
success selling condos in a tough residential real estate market, and they have had several articles written about their product. Please look forward to Urban Development’s next two projects at 120 South Pennsylvania Street and 2533
East 11th Avenue.
Kyle Malnati, Matt Ritter, and Jeff Johnson represented both sides of the
transaction and helped Mark Mills purchase 1 Pearl Street, 2533 East 11th Avenue, and 195 South Pennsylvania Street previously.
July 29, 2008
Matt Ritter and Jeff Johnson are pleased to announce the following sale:
1010 East 13th Avenue & 1274 Ogden Street, Denver, CO 80218
1010 East 13th Avenue & 1274 Ogden Street built in 1904 and consists of 12 Studios, 23 1Br/1Ba and 9 2Br/1Ba. This property sold on July 28, 2008 for $2,000,000. The Seller was New Direction Phase One LLC. Mark Nelson and Tova Hansen of Distinctive Properties represented the Seller. The Buyer was 1777 Williams, LLLP and Alder, LLC. Matt Ritter and Jeff Johnson of Pinnacle Real Estate Advisors, LLC represented the Buyer.
July 25, 2008
Joe Hornstein, and Bobby Hutchinson are pleased to announce the following sale:
1230 East 8th Avenue, Denver, CO 80218
1230 East 8th Avenue was built in 1928 and consists of 2 - Studio units, 3 - 1Bd/1Ba units and 1 - 2Bd/1Ba units. This property sold on July 25, 2008 for $475,000. The Seller was Cheryl Koh LLC and the Buyer was Victor G. Anthony. Joe Hornstein and Bobby Hutchinson represented the Seller in this transaction.
July 16, 2008
Kyle Malnati, Matt Ritter and Jeff Johnson are pleased to announce the following sale:
664 South Lincoln Street, Denver, CO 80209
664 South Lincoln Street was built in 1967 and consists of 17 1Br/1Ba, and 3 2Br/1Ba. This property sold on July 15, 2008 for $1,159,000. The Seller was Holly Parker. The Buyer was JJJJJ LLC. Kyle Malnati, Matt Ritter and Jeff Johnson acted as Transaction Brokers, assisting both parties.
July 14, 2008
Joe Hornstein and Bobby Hutchinson are pleased to announce the following sale:
1336 Corona Street, Denver, CO 80203
1336 Corona Street was built in 1930 and consists of 5 - Studio units, 13 - 1Bd/1Ba units, and 2 - 2Bd/1Ba units. This property sold on July 14, 2008 for $1,400,000. The Sellers were Fern M. Bowman and Jeanne Z. Rutledge and the Buyer was 1336 Corona DJ, LLC. Joe Hornstein and Bobby Hutchinson represented the Sellers in this transaction.
July 10, 2008
Bobby Hutchinson, Joe Hornstein and Brendan Fenn are pleased to announce the following sale:
5880-5890 South Lowell Way, Littleton CO 80123
5880-5890 South Lowell Way was built in 1971 and consists of 2-Studio units and 14-1Bd/1Ba units. This property sold on July 10, 2008 for $950,000. The Seller was Barbara J. Breslin and the buyer was VC, LLC. Bobby Hutchinson, Joe Hornstein, and Brendan Fenn represented the Seller in this transaction.
July 3, 2008
Joe Hornstein, Bobby Hutchinson, Brendan Fenn, Will Metcalf, and Chris McDougall are pleased to announce the following sale:
1745 Race Street, Denver, CO 80206
1745 Race Street is a 5,152 sf single tenant office building that was built in 1955. The property is currently leased. The lot is zoned R-4 and is 14,005 sf. This property sold on July 2, 2008 for $920,000. The Seller was Outback Investments, LLC. The Buyer was MDF Holdings, LLC. Joe Hornstein, Bobby Hutchinson, Brendan Fenn, Will Metcalf, and Chris McDougall represented the Seller in this transaction.
July 1, 2008,
Chad Miller, Josh Newell, and JB Hochman are pleased to announce the following sale:
5100 West 8th Avenue, Denver, CO 80204
5100 West 8th Avenue is a 22 unit apartment building consisting of 20 - 2Br/1Ba and 2 - 1Br/1Ba Units built in 1973. The property was sold on June 30, 2008 for $1,130,000. The Sellers were Frank V. Gordon and Mildred Reed Gordon; the Buyer was D&J, Inc. Chad Miller, Josh Newell, and JB Hochman represented the Seller in this transaction.
June 5, 2008
Kyle Malnati, Jeff Johnson, Matt Ritter are pleased to announce the following sale:
910 Downing Street, Denver, CO 80206
910 Downing Street built in 1962 and consists of 1 Studio/1Ba and 17-1 Bd/1 Ba units. This property sold on June 3, 2008 for $1,350,000. The Seller was Del L. Harmer Trust. The Buyer was 910 Downing LLC. Jeff Johnson, Kyle Malnati and Matt Ritter represented the Buyer and Jeffrey Hirschfield of Antonoff Company represented the Seller in this transaction.
June 5, 2008
Kyle Malnati, Jeff Johnson, Matt Ritter are pleased to announce the following sale:
1245 Spruce Street, Pueblo, CO
1245 Spruce Street is a single tenant triple net retail investment property. Occupied by Dollar General, the lease expires in 2014 and the Tenant has two five year options with rent escalations. This Property sold on May 23,2008 for $740,000 at a 9.1% cap rate. The Seller was D G Real Estate, LLC and the Buyer was Terry J. Allan Revocable Family Trust. Kyle Malnati, Jeff Johnson and Matt Ritter represented the Buyer and Rob Edwards of Marcus & Millichap represented the Seller in this transaction.
June 2, 2008
Josh Newell, JB Hochman, and Chad Miller are pleased to announce the following sale:
800 Miller Court, Lakewood CO 80215
800 Miller Court is an 8 unit apartment building consisting of all 2Br/1Ba units built in 1958. The property was sold on May 30, 2008 for $460,000. The Seller was MDMKRC, LLC; the Buyer was Carol K Burks. Josh Newell, JB Hochman, and Chad Miller represented the seller in this transaction. This is the second property the Hochman Newell team has sold in the Majestic Heights neighborhood in the last month, the second being 10635 West 7th Avenue. The Majestic Heights Neighborhood is adjacent to the new St. Anthony's Hospital in the Denver Federal Center, scheduled for completion in 2010.
June 2, 2008
Josh Newell, JB Hochman, and Chad Miller are pleased to announce the following sale:
9346 West 57th Avenue, Arvada CO 80002
9346 West 57th Avenue is a 13 unit apartment building consisting of 9 - 1Br/1Ba, 2 - 2Br/1Ba, and 2 - 2Br/2Ba units built in 1974. The property was sold on May 28, 2008 for $735,000. The Seller was Jorge Esparza; the Buyer was BCLM Properties, LLC. Josh Newell, JB Hochman, and Chad Miller represented both the Buyer and Seller in this transaction.
June 2, 2008
Josh Newell, JB Hochman, and Chad Miller are pleased to announce the following sale:
3772 Perry Street, Denver CO 80212
3772 Perry Street is a 6 unit apartment building consisting of all 2Br/1Ba units built in 1954. The property was sold on May 12, 2008 for $430,000. The Sellers were James and Susan Ferraro; the Buyer was 3772 Perry, LLC. Josh Newell, JB Hochman, and Chad Miller represented both the Buyer and Sellers in this transaction.
3330-3344 Mariposa Street, Denver, CO 80211
3330-3344 Mariposa Street is a 4,884 square foot lot zoned PRV. This property was sold on February 26, 2008 for $250,000. The Seller was Denver Investments Group, Inc. The Buyer was Buckles & Associates, Inc. Joe Hornstein & Bobby Hutchinson represented both the Seller and the Buyer in this transaction.
February 21, 2008
February 5, 2008
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