Arapahoe County
Property Location: 3455 S. Corona St., Englewood
Property Description: 193 independent units & 72 skilled units, 8-story senior/assisted-living facility, 249,424 sf, YOC 1986
Land Size: 3.91 Acres
Sales Price: $84.1M, or $317,370 per unit
Reception No.: D8032185
Closing Date: 4/2/2018
Grantor: S-H Thirty-Five PropCo – Englewood Meridian LLC, c/o HPC Inc., 1920 Main St., Suite 1200, Irvine, CA 92614 Attn: Kendall K. Young, senior managing director, HPC Inc.
Grantee: BKD Englewood Colorado LLC, c/o Brookdale Senior Living, 111 Westwood Place, Suite 400, Brentwood, TN 37027 attn: George Hicks, mgr.
Financing: $148.58M payable to Grandbridge Real Estate Capital LLC
Comments: Glenn Preston is senior vice president, acquisitions, for the grantor. Units are priced as follows: one-bedroom units range from: $3,100-$3,500 while the two-bedroom/one-bath units range from $3,600-$3,800 per unit, two-bedroom/two-bath units range from $3,800 to $5,500 per month. The 72 skilled units range from $262.50 to $290per day (shared rate) to $350 per day (private room).
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.
