Colorado-Real-Estate-Journal_423399

Page 18 - October 2-15, 2024 www.crej.com Hotel by Avalon Jacka WESTMINSTER – A 131-room hotel at the intersection of Inter- state 25 and West 120th Avenue traded hands for $8.6 million in September. Sairam Northglenn LLC acquired the La Quinta Inn by Wyndham Denver North- glenn, located at 345 W. 120th Ave., from Denver Northglenn Hotels LLC, according to Adams County public records. Marcus & Millichap’s Skyler Cooper and Christy McDougall market- ed the property on behalf of the private seller and procured the local buyer. “This marks yet another suc- cessful transaction, with both parties being valued repeat cli- ents,” Cooper said. The pet-friendly hotel was built in 1986 and renovated last year. Amenities include a sea- sonal outdoor pool, a business center, a 24-hour front desk, dry cleaning and laundry services, on-site guest laundry, and more, according to the hotel’s website. Situated between Denver and Boulder, the hotel is adjacent to Interstate 25, providing access to downtown Denver and the Front Range and averaging 200,000 vehicles per day. The neighbor- hood offers numerous retail, din- ing and entertainment options, including Village Inn, Cracker Barrel, Skate City Westminster, Satire Brewing Co., Northglenn Recreation Center, Parsons The- ater, EB Rains Jr. Memorial Park, and more. s Local buyer acquires La Quinta Inn for $8.6 million by Avalon Jacka PARKER – A 27.06-acre land parcel on the northeast cor- ner of Hess and Motsenbocker roads sold for $3.5 million in August. Jeffrey and Diane Roth sold the property, located at 8996 Motsenbocker Road, to Perry Lane LLC. Mitch Trevey of Trevey Commercial Real Estate rep- resented the sellers, while the buyer was represented by Tra- vis Ackerman of Cushman & Wakefield. Fidelity National Title Co. helped execute the closing of the sale. The buyer plans to create a new mixed-use neighborhood on the parcel, with approxi- mately 70 high-quality apart- ments in two- and three-story buildings, a 5-acre neighbor- hood retail center, and a 14.5- acre neighborhood park/open space. Trevey Commercial will manage commercial leasing and sales in the retail center. Other News n DENVER – A vacant par- cel in the Five Points neigh- borhood sold for $1.98 million in August. DCPT 2510 LLC purchased the parcel from 2510 Wel- ton St LLC, according to Land Title Guarantee Co. The 12,600-square-foot prop- erty is zoned C-MX-8, accord- ing to Denver County public records. This transaction marks the sixth time the property has traded hands since 2002, according to county records. s Trevey Commercial brokers land sale for mixed-use project The 131-room La Quinta Inn by Wyndham Denver Northglenn, located at 345 W. 120th Ave., was built in 1986 and renovated last year. The 27.06-acre parcel located at 8996 Motsenbocker Road sold for $3.5 million in August. Land