Adams County
Address or Location: 8300 Sheridan Blvd., Westminster, “Sunset Ridge Townhomes”
Improvements: 280-unit apartment with 297,500 rentable sf, YOC 1972, 140 two-bedroom units @ 959 sf & 140 three-bedroom units @ 1,166 sf plus 450 sf basement area, 80% interior renovations over last two years,
Land Size: 15.22 acres
Density: 18.4 units per acre
Date of Recording: 11/01
Reception No: 100009 2017
Price: $65M, or $232,143 per door, or $218.49 psf
Grantor: WSV Ridge LLC, John A. Wensinger, mgr.
Grantee: CL Rocky Mountains LP, c/o Castle Lanterra Properties, Elie Rieder, CEO, 1 Executive Blvd., Suite 204, Suffern, NY, 10901
Financing: $52.64M payable to Berkeley Point Capital LLC
Comments: The buyer plans to add washers and dryers in each unit and finish the 450 sf in each of the three-bedroom models (140), which will add more living area.
John V. Winslow regrets an incorrect version of this transaction as posted in Comp of the Day Nov. 27. I strive to provide the most accurate data and will continue. If you see a mistake in the information, please contact me at 303-887-6969 (direct line).
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.
