Adams County
Property Location: 10675 E. Colfax Ave., Aurora
Property Description: 54-unit single story apartment complex with six buildings totaling 25,261 sf, plus 616-sf office; YOC 1945 & YOC 1981, brick construction
Land Size: 3.73 acres
Sales Price: $5.49M, or $101,667 per door, or $212.25 psf
Reception No.: 78041
Closing Date: 9/25
Grantor: Aurora Homes LLC (Lee H. Weinstein, mgr.)
Grantee: Steele Properties LLC (David Asarch, mgr.), Monroe Group, 303-322-8888
Financing: $3.84M payable to Aurora Homes (grantor), due 10-31-39
Comments: Buyer entered into contract with MAHRA for 20 years and with secretary of Housing and Urban Development. This has been 62-&-over affordable housing with two-bedroom, one-bath units @ 646 sf and one-bedroom units at 528 sf. The land value computes to $33.79 per square foot.
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.
