Denver County
Property Location: 619 Logan St., Denver, “The Logan Apartments”
Property Description: 57-unit, five-story apartment building, 34,954 sf, YOC 2012, brick/stucco and wood siding, 49 parking space underground garage plus two open spaces
Land Size: 17,425 sf
Density: 142.5 units per acre
Sales Price: $16.3M, or $285,965 per unit, or $466.33 psf
Reception No.: 20181007568
Closing Date: 1/12
Grantor: JM Logan LLC, Jason McCool, mgr.
Grantee: The Paskin Group, Michael Paskin, mgr., 805-962-1011
Financing: $8.1M payable to Walker Dunlop LLC
Comments: Property was listed and sold by Andy Hellman & Shane Ozment of ARA Newmark apartment brokerage team. There are 23 studios @ 492-504 sf; 2 one-bedroom, one-baths @ 468 sf that rent for $2.75 psf; 7 one-bedroom, one-baths @ 629-696 sf that rent for $2.19 to $2.52 psf; 23 one-bedroom, one-baths @ 702-738 sf that for $2.10 to $2.14 psf; and 2 two-bedroom, one-baths @ 846 sf that rents for $2.28 psf. Average rent is $2.24 psf.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
