Adams County
Property Location: 12220 Colorado Blvd., Thornton, “Fox Creek Apartments”
Property Description: 287-unit apartment complex including 21 buildings, 265,904 sf net rentable area plus 1,408-sf clubhouse, YOC 1998
Land Size: 19.59 acres
Sales Price: $53M, or $184,669 per unit, or $199.32 psf
Reception No.: 36688 2017
Grantor: EMD Fox Creek LLC, Charles J. Gower, et al, mgrs.
Grantee: MREF Fox Creek LLC, c/o TruAmerica, Greg Campbell, senior managing director of acquisitions & dispositions, 424-325-2750
Closing Date: 4/14
Financing: $40.23M payable to CBRE Capital Markets Inc., due 5-1-2027
Comments: See APN: 1571-313-23-047, 1571-313-23-047, 1571-313-23-047 & 1571-313-23-047. This property sold in March 2015 for $36 million, or $125,436 per unit, or $135.39 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.
