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Developer acquires 2.5 acres for $14.93 psf with plans for 29 townhomes

Jefferson County

Property Location: 5219 N. Allison St., Arvada

Property Description: Vacant land, plan to build 29 townhomes

Land Size: 2.5 acres

Sales Price: $750,000 or $14.93 psf

Reception No.: 2016107443

Closing Date: 10/17

Grantor: Fenice Partners LLC, Richard Luna, mgr., 303-913-3336

Grantee: Royal Oak LLC, Steven Ian Wilkie, mgr., 303-524-5544, Golden 80402

Financing: $470,000 payable to Brelf II LLC

Comments: See APN: 39-149-00-045, located on the west side of Allison St., approximately 375’ north of W. 52nd Ave. Predevelopment plan documents were included in the sale of the property.

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.