Gilliland family assembles remaining 8.1-acre tract near Xcel Energy plant for $3.45 million

Adams County

Property Location: 1961 East 64^th Ave., Denver (between York and Franklin streets)

Property Description: Vacant land, rezoned from A-1 to I-2 in October 2009

Land Size: 8.1127 acres

Sales Price: $3.45M, or $9.76 per sf

Reception No.: 2018000003356

Closing Date: 1/10

Grantor: WCSC Acquisition Company, Robert Matz, CEO

Grantee: Gilliland Family Partners LLLP, Cody Gilliland, ptnr.

Comments: With this purchase of 8.1127 acres, the buyer completed an assemblage, adding to 17.34 acres of industrial land. Gilliland owns the property directly to the east, which has an address of 2025 East 64^th Ave. and contains 8.7648 acres. The Gilliland family purchased this property in January 2017 for $2.48M (see deed 2017000022558), or $6.50 psf. They also own 1900 East 64^th Ave., which abuts this property directly to the west and contains 6.478 acres; and 1931 E. 64^th Ave., also directly to the west of this property, containing 2.094 acres.  See prior sale from Huron Associates to WCSC Acquisition Company, dated 10-16-2017 for $2.56M, or $7.25 psf, and previous sale with Huron Associates purchasing the property from Kenneth E. Munger in October 2015 for $1.3M, or $3.68 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.