Del West acquires 10 acres with plans for 54 homes

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Adams County

Property Location: 2405 W. 56thAve. (northwest corner Zuni St. & W. 56th Ave.)

Property Description: Vacant land*

Land Size: 10.143 acres (54 lots planned but not platted)

Sales Price: $2.77M, or $6.26 psf, or $51,250 per buildable lot

Reception No: 62272 2018

Closing Date: 7/31

Grantor: Berkeley Estates LLC, David R. Freyre & Sonrisa Holdings, Eugene Lucero

Grantee: Del West Development (Joe Delzotto, pres.), 720-708-4065

Financing: Cash

Comments: See PRC2016-000005/Berkeley Meadows. Craig Fitchett is director of acquisitions and business development. *Thesite is long and narrow with approximately 300 feet of frontage on West 56th Ave. and 1,329 feet of frontage on Zuni St. Del West developed 56 homes at Clear Lake Estates commencing in December 2015 with the $1 million purchase of 15.498 acres, of which 6.988 acres was developable into 56 single-family detached homes at Elmwood and West 79th Ave. As of Aug. 1, 40 homes were absorbed with 16 remaining to be sold.   

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.

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