DENVER — Pinnacle Real Estate Advisors has arranged the sale of a 5,885-square-foot retail building located at 4923 W. 38th Ave. in Denver. The asset traded for $1.5 million. Levi Saxen and Keith Lenz of the Sandberg Monette Team of Pinnacle Real Estate Advisors facilitated the transaction for the undisclosed buyer and seller.
GRAND JUNCTION, COLO. — Ziegler has acted as exclusive financial advisor to Bethesda Senior Living on the sale of an assisted living community located in Grand Junction, near the Utah border. Bethesda Senior Living is a faith-based, nonprofit operator of over 20 seniors housing communities spanning the Midwest and West regions. Cornerstone Management purchased the community in conjunction with a private real estate fund and took over operations. The price was not disclosed.
CENTENNIAL, COLO. — Marcus & Millichap has arranged the $1.9 million sale of The Office at Yosemite, an office building in Centennial, just south of Denver. Brandon Kramer and Chadd Nelson of Marcus & Millichap represented the seller, a limited liability company, in the deal. Located at 6886 S. Yosemite St., The Office at Yosemite features 15,377 square feet of office space. The property is near Fiddler’s Green Amphitheatre and the Arapahoe Entertainment District.
DENVER — Magnetic Capital has broken ground on 2nd & Adams, a mixed-use building located at 2nd Street and Adams Avenue in the Cherry Creek submarket of Denver. Slated for completion in third-quarter 2025, 2nd & Adams will feature 80,000 square feet of office space and 20,000 square feet of retail space. The building will have multiple food, beverage and retail concepts across the ground-floor space, and the rooftop will feature a 5,600-square-foot bar and restaurant. Bow River Capital, a Denver-based private alternative asset manager, has pre-leased 30,000 square feet of office space at 2nd & Adams for the company’s headquarters. The project team includes OZ Architecture as architect and Mortenson Construction as general contractor. Blake Holcomb of CBRE is handling leasing for the project.
DENVER AND COMMERCE CITY, COLO. — Flywheel Capital has acquired two industrial properties, 4970 Cook Street in Denver and 5790 Dahlia Street in Commerce City, for an undisclosed price. The acquisitions will expand Flywheel’s industrial outdoor storage (IOS) portfolio. Situated on 2.4 acres, 4970 Cook Street is a 20,000-square-foot, single-tenant, net-leased industrial property. The asset offers fenced secure storage space for businesses with large inventory needs and is currently leased to Goodyear Tire and Rubber. The property has served as Goodyear’s operational base since 1998. Located on 2.1 acres, 5790 Dahlia Street is a 7,000-square-foot industrial facility. In November 2023, TransWood Carriers, a bulk transportation company with more than 40 locations nationwide, signed a long-term lease at the property. Mike Viehmann, Mike Wafer and Mike Wafer Jr. of Newmark represented the undisclosed seller, while Flywheel Capital was self-represented in the deal.
DENVER — John Propp Commercial Group has arranged the sale of a single-tenant industrial building, located at 4695 N. Ironton St. in Denver. LVPA 4695 N Ironton Street OS Owner LLC acquired the asset from H.A.L. Construction for $5.4 million. Penske Truck Leasing occupies the 20,168-square-foot, multi-bay truck maintenance facility, which is situated on 3.4 acres and fully fenced. John V. Propp and Joshua Cohen of John Propp Commercial Group represented the seller, while Stream Realty represented the buyer in the transaction.
CRAIG, COLO. — Pinnacle Real Estate Advisors has arranged the sale of Timberglen Apartments, a multifamily building in Craig, a city of fewer than 10,000 residents in the northwestern quadrant of the state. The asset traded for $4.9 million. Located at 3465 Douglas St., Timberglen Apartments offers 54 residences. Michael Krebsbach and Kenny Clarke of Pinnacle Real Estate Advisors handled the transaction for the undisclosed buyer and seller in the deal.
LONGMONT, COLO. — Thompson Thrift has opened Notch66, a multifamily community in Longmont, a suburb of Boulder. The community is already 30 percent leased. Sitting on 18.4 acres at 2514 Main St., Notch66 features 336 one-, two- and three-bedroom garden-style apartments. Each apartment includes quartz countertops, stainless steel appliances, tile backsplashes, walk-in closets, hardwood-style flooring and full-size washers/dryers. Some apartments also include detached garages and private yards. Community amenities include a 24-hour fitness center, clubhouse, resort-style swimming pool and dog park.
COLORADO SPRINGS, COLO. — Quantum Commercial Group has arranged the sale of a 9,400-square-foot office space at 118, 120 and 122 E. Kiowa St. in Colorado Springs. Spaces Ltd. sold the asset to IV Goats LLC for $2.4 million. Andrew Oyler of Quantum Commercial Group handled the transaction.
AURORA AND DENVER, COLO. — Malman Commercial Real Estate has arranged the off-market sales of two industrial buildings in Aurora and Denver for a total of $21.2 million. Jake Malman of Malman Commercial Real Estate represented the sellers of the buildings, which total 205,966 square feet. The buyers were not represented in the transactions. In one deal, 4999 LTD sold a 50,050-square-foot industrial warehouse at 4999 Oakland St. in Denver to 4999 Oakland Owner LLC, a Delaware limited liability company. In the second transaction, 40th Street Partners LLC sold a 155,916-square-foot distribution building at 18245 E. 40th Ave. in Aurora to 18245 40th Owner LLC.
