East Colfax motel gains $1.175 million, or 47.92%, in value over last three years

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Arapahoe County

Property Location: 11800 E. Colfax Ave., Aurora

Property Description: 92-unit, four-story walk-up motel building, 29,750 sf,

YOC 1962, brick construction

Land Size: 1.688 acres

Sales Price: $3.62M, or $39,391 per room, or $121.82 psf

Reception No.: D7062749

Grantor: Kings Group Inc., Kyeong Hee Kim, pres.

Grantee: 11800 E. Colfax LLC, 1575 Galena St., Suite C105, Aurora 80010

Closing Date: 6/1

Financing: Cash

Comments: APN: 1973-02-1-02-001. Listed by Simon Kim, 720-266-8308. Property last sold in May 2014 for $2.45M.

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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