Property Location: 17886 E. Greenwood Drive, Aurora, “Stone Cliff Heights Apts.”
Property Description: 394-unit, three-story apartment complex, YOC 2001, 313,950 sf, 21 buildings plus clubhouse, 13 with attached garage parking
Land Size: 11.68 acres
Sales Price: $78M, or $197,970 per unit
Reception No.: D7064607
Grantor: Stone Cliff Fee Owner LLC c/o Benedict Canyon Equities, Ryan Somers
Grantee: Green Leaf Stone Cliff LLC, Thomas A. Hall, mgr., 925-362-1476
588 San Ramon Valley Blvd., Suite 200, Danville, CA 94526
Closing Date: 6/8
Financing: assumption of $42.9M loan dated 3-31-15 payable to CBRE Capital, by Wilmington Trust, NA, endorsed by Freddie Mac
Comments: See APN: 1975-33-4-10-002.
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.