Jefferson County
Property Location: W/S Owens St, 355 feet north of West Colfax Avenue, Lakewood
Property Description: Vacant land, 230 senior apartment units planned
Land Size: 5.68 acres
Sales Price: $3.43M, or $13.86 per sf, or $14,920 per buildable unit
Reception No.: 2016089972
Closing Date: 9/6
Grantor: Colfax Owens LLC by: Zonapart, Bruce I. Shapiro, mgr., 480-368-0111
Grantee: APDG Lakewood LP, Avenida Partners, Rob Muirhead, acquisitions, 949-357-1431, Irvine, CA 92612, rmuirhead@avenidapartners.com
Financing: Cash
Comments: Seller is AZP, See file plat 2015034634. The proposed unit mix is 92 one-bedroom units and 138 two-bedroom units with rents projected to be slightly south of $2 per square foot. The four-story building will contain 218,500 sf with 84 detached garages. The address given by the city of Lakewood Planning Department is 11001 W. 15th Place, Lakewood, Grand Monarch Senior Living Center.
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.
