Adams County
Property Location: E/S Altura St., 250 feet south of E. 104thAve., Commerce City
Property Description: Vacant, proposed apartments
Land Size: 7.161 acres
Sales Price: $2.11M, or $6.78 psf, or $11,747 per buildable unit
Reception No.: 2018000102010
Closing Date: 12-21-18
Grantor: SW 104thLLC (Michael D. Bergmann, mgr.)
Grantee: Aspen Hills Apartments LLC
Comments: The apartments will contain 180 units with 90 one-bedroom units ranging from 676 to 735 sf, 82 two-bedroom units ranging from 1,071 sf to 1,126 sf and eight three-bedroom units @ 1,481 sf. The developer projects average lease rate to be $1.65 per square foot. The developer is Southwestern Property Corp., Jackson Givens, VP of development, 720-881-2833 or jackson@swinvest.com.
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.
