Jefferson County
Property Location: 5430 W. 73rd Ave., Westminster, “Proposed Hidden Lake Senior Housing”
Property Description: Vacant land, proposed 72-unit, three-story apartment building (affordable housing for 55 & older) containing 77,425 sf net rentable area with 110 parking space
Land Size: 4.51 acres
Sales Price: $1.73M, or $8.82 per sf, or $24,058 per buildable unit
Reception No.: 2016056085
Closing Date: 6/10
Grantor: Tepper Partners LLC, Jerry Tepper, mgr., 720-244-1282
Grantee: Jefferson County Housing Authority, Alan Feinstein, director, 303-422-8600
Comments: There is a park development fee calculated at $1,031 per unit, or a total of $74,232, to be paid prior to certificate of occupancy. In lieu of a public land dedication, the developer is required to pay the fair market value as determined by the current appraisal of $258,315 per acre x 4.51, or a total of $334,776. Said fee is payable prior to final recordation of the final plat for the ODP.
Comp of the Day is provided by by John V. Winslow, president of WinComps LLC. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
