Denver County
Property Location: 1311 Cook St, Denver, “Captain Cook Apts.”
Property Description: 40-unit, six-story apartment, 33,300 sf, YOC 1969, brick
Land Size: 17,800 sf
Sales Price: $8.6M, or $215,000 per unit, or $258.26 psf
Reception No.: 2016090387
Closing Date: 11/9
Grantor: The Captain Cook LLC, Virginia R. Wilson, mgr.
Grantee: RedPeak Properties LLC, Bobby Hutchinson, mgr.
Comments: The Roland Wilson/Stan Johnson Companies developed this building, with its unique brand of solid construction and balconies for most units, in the late 1960s. Stan Johnson has managed all of the buildings that were constructed by Wilson. The rental rates reflect from $1.38 per square foot on the two-bedroom units to $1.53 per square foot on the one-bedroom units.
Property listed and sold by ARA Newmark multifamily team consisting of Andy Hellman, 303-260-4474, Justin Hunt, 303-260-4475, & Terrance Hunt, 303-260-4477. There are 18 one-bedroom, one-bath units at 690 sf that rent for $1,055 per month; 10 two-bedroom, one-bath units @ 900 sf renting for $1,355 per month; and 12 two-bed, two-bath units @ 970 sf renting for $1,335 per month. The property was developed by Roland Wilson and managed by Stan Johnson. Company. The APN is: 05011-14-024.
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.
