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Confluence Cos. acquires site in northwest Denver

Denver County

Property Location: Adjacent to the SWC of Inca St. & W. 41st Ave. (4001 Inca St.), Denver

Property Description: Vacant land, plans for 125 for-sale units

Land Size: 43,885 sf

Sales Price: $3M, or $68.36 psf

Reception No.: 2016141995

Closing Date: 10/13

Grantor: Hainey Family LP, RLLLP, Margaret K. Hainey, ptnr.

Grantee: CD-Inca LLC by: Confluence Cos., Tony DeSimone, mgr., 303-643-5775

Financing: $3M @ 3%, due 12-1-21, payable to city and county of Denver

Comments: See APN: 02214-31-009. A portion of the property will be developed for affordable housing as funds were obtained from the Denver Office of Economic Development.

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.