AIMCO acquires high-density site in Fitzsimons for 253 units

Adams County

Property Location: Southeast corner E. 22ndAve. & Ursula St., Aurora

Property Description: Vacant land, 253 units planned

Land Size: 1.88 acres

Sales Price: $1.64M, or $20 psf, or $6,475 per buildable unit

Reception No.: 73915 2018

Closing Date: 9/10

Grantor: Fitzsimons Redevelopment Authority (Donald M. Elliman Jr., chairman)

Grantee: AIMCO Fitzsimons 3A Lessor LLC

Financing: Cash

Comments: Proposed $85 million, 253-unit apartments planned for 2020, six-story apartment with retail on first floor plus parking garage

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.