Property Location: S/S C-470, approx. 1,000’ west of S. Kipling Blvd., also fronts northwest side of W. Toller Drive
Property Description: Vacant land, proposed 345 units
Land Size: 21.23 acres
Sales Price: $7.25M, or $21,014 per buildable unit, or $7.84 psf
Reception No.: 2018010338
Closing Date: 1/15/2018
Grantor: Land Securities Investors Ltd. by: Sunset Management Services Inc., Darrin J. Stock, pres.
Grantee: SCRS Westerly Apartments LLC c/o TA Realty LLC, Boston, MA 02109, attn: Scott L. Dalrymple, SVP, c/o Embrey Partners
Financing: $45M payable to Wells Fargo Bank, NA (construction loan)
Comments: Joint venture between TA Realty of Boston and Embrey Partners, Brent Goodwin, mgr., [email protected].
See APN: 69-042-01-004, case No. 17100853 PA – 8600 S. Oak Way, 80123
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 [email protected]