LOUISVILLE, COLO. — Pinnacle Real Estate Advisors has arranged the $42 million sale of Delo Apartments, a multifamily property located at 1140 Cannon St. in Louisville. Situated roughly 21 miles north of Denver and nine miles east of Boulder, Delo Apartments offers 130 apartments. Michael Krebsbach and Kenny Clarke of Pinnacle represented the buyer and seller in the off-market transaction. Both parties requested anonymity.
MONUMENT, COLO. — Ware Malcomb has announced the completion of a flagship facility for Eagle Rock Distributing Co. in Monument, approximately 20 miles north of Colorado Springs. Ware Malcomb provided integrated services, including civil engineering, architecture and interior design, and Murray & Stafford provided general contracting services for the 272,500-square-foot project. Eagle Rock specializes in the distribution of alcoholic beverages, offering its customers a selection of premium, craft and imported beers, wine, spirits, liquors and other related beverages. The distribution center consists of two buildings: a 262,500-square-foot distribution center and an adjacent 10,000-square-foot maintenance facility to service the company’s trucks. The distribution center includes 209,175 square feet of Controlled Environment Warehouse (CEW), a 12,480-square-foot key cooler, 30,125-square-foot two-story office space, loading docks and an event hosting area on each floor with an outdoor patio. The maintenance facility has a sand/oil interceptor and sanitary line connected. Additional improvements include solar panels covering most of the roofing, an asphalt parking lot, delivery truck loading ramps, concrete sidewalks, landscaping and all associated utilities.
FIRESTONE, COLO. — SRS Real Estate Partners has negotiated the sale of a retail building located at 10935 Colorado Blvd. in Firestone. An East Coast-based developer sold the asset to a local private investor for $5.4 million. The Learning Experience occupies the 10,000-square-foot building, which was built in 2023, under a new 15-year lease. Ryan Tomkins of SRS Capital Markets represented the seller in the deal.
WESTMINSTER, COLO. — Marcus & Millichap has arranged the sale of La Quinta Inn by Wyndham Denver Northglenn, a three-story hotel at 345 W. 120th Ave. in Westminster. A private seller sold the asset to a local buyer for an undisclosed price. Built in 1986 and renovated in 2023, La Quinta Inn offers 131 guest rooms and is centrally located between Boulder, Colo., and downtown Denver. Skyler Cooper and Christy McDougall of Marcus & Millichap represented the seller and procured the buyer in the deal. Adam Lewis served as Marcus & Millichap’s broker of record in Colorado.
DENVER — Hercules Industries has acquired a 100,175-square-foot industrial property located within Stapleton Business Center in Denver from Anchorage-based Pacific Acquisitions for an undisclosed price. Situated on 5 acres at 4690 Florence St., the property features 84,000 square feet of 30-foot clear warehouse space, 16,000 square feet of office space and ESFR sprinklers, as well as functional loading and parking. The locally based manufacturer and distributor of HVAC products will use the Class A asset to support operations for a new business line. Mike Wafer Jr. and Mike Wafer of Newmark represented the buyer in the deal, while Jim Bolt of CBRE represented the seller.
DENVER — NorthPeak Commercial Advisors has arranged the acquisition of two multifamily buildings in Denver. The assets traded for $4 million, or $181,818 per unit. The names of the seller and buyer were not released. Located at 1050-1058 Pearl St., the properties offer 22 apartments in total across 17,258 square feet in space. Dan Hawthorne of NorthPeak Commercial Advisors represented the undisclosed buyer in the deal.
CENTENNIAL, COLO. — Marcus & Millichap has brokered the sale of Offices of Southglenn, an office property located at 6590 S. Vine St. in Centennial. A limited liability company sold the asset to a local veterinarian for $1.8 million. At the time of sale, the 11,589-square-foot building was 40 percent occupied. The buyer plans to renovate the property and establish a surgical veterinary center. Brandon Kramer and Chadd Nelson of Marcus & Millichap represented the seller in the deal.
SOUTH LAKEWOOD, COLO. — S2 Capital has purchased Dartmouth Woods, a garden-style apartment property in South Lakewood, a suburb of Denver, for an undisclosed price. Located at 10025 W. Dartmouth Ave., Dartmouth Woods offers 201 apartments in two- and three-story buildings. The buyer will implement interior renovations, including stainless steel appliances, modern lighting, new flooring and updated cabinets, along with extensive renovations to the exterior and amenities space. Dartmouth Woods was built in 1990.
DENVER — RedPeak Properties has obtained $51.1 million in financing for Elowyn Townhomes in southwest Denver. Tony Nargi and Eric Tupler of JLL Capital Market Debt Advisory originated the five-year, fixed-rate, Fannie Mae loan, which features full-term interest-only payments. JLL Real Estate Capital LLC will service the loan. Located at 4725 W. Quincy Ave., Elowyn Townhomes features 211 two-story one- and two-bedroom units with a semi-finished, full-floor plate basement, backyard patios, stainless steel appliances, fireplaces and high-end finishes. Originally built in 1975, the community was renovated in 2014. At the time of financing, the property was 97 percent leased. Situated on 14.7 acres, the community offers a pool, spa, sauna, clubhouse and grills.
DENVER — Pinnacle Real Estate Advisors has arranged the sale of Eliot Flats, a multifamily property located at 3233 Eliot St. in Denver. The asset traded for $8.8 million, or $220,000 per unit. Built in 2015, Eliot Flats offers 30 studio units and 10 one-bed/one-bath units. The property features a solar power system, Smart Water metering, and energy-efficient windows and finishes. Jim Knowlton of Pinnacle represented the undisclosed buyer in the deal. The name of the seller was not released.
