Aurora apartments fetch $78 million

1083
1083
Share this Article
Facebook Twitter LinkedIn Google Pinterest StumbleUpon Email

Adams County

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 [email protected]

In this article