Adams County
Property Location: NE/S East 40th Avenue, 500’ east of Salida Street & East 40th Avenue intersection, Aurora (no apparent frontage, just easement access)
Property Description: Vacant land
Land Size: 14.6 acres*
Sales Price: $1.5M
Reception No.: 2016000065911
Closing Date: 8/19
Grantor: KKAM LLC, Kedar Morarka & Keith R. Arnold, mgrs., 303-576-9477
Grantee: DCT Summit LLC, c/o DCT Industrial Trust, Mark Bowen, 303-597-2400
Comments: Buyer plans to build a 168,000-sf distribution center. Easement to the property is from East 40th Avenue via declaration of easement 1074641 recorded 1/2/2003. The actual legal description on the special warranty deed for this sale only includes Lot 1, Block 1, Gateway Park IV East, Filing No. 7; *however, the easement was assigned to the buyer and included Tract A & Lot 1, Block 1, Gateway Park IV East, Subdivision Filing 3.
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.
