Aspen Hills Apartments proposed in Commerce City

Adams County

Property Location: E/S Altura St., 250 feet south of E. 104thAve., Commerce City

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Property Description: Vacant, proposed apartments

Land Size: 7.161 acres

Sales Price: $2.11M, or $6.78 psf, or $11,747 per buildable unit

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Reception No.: 2018000102010

Closing Date: 12-21-18

Grantor: SW 104thLLC (Michael D. Bergmann, mgr.)

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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.