Property Location: Northwest corner of Garfield St & East 2nds Ave. (201 Garfield St.), Denver
Property Description: Vacant land, plans for 26 unit, three-story apartment building
Land Size: 37,496 sf
Sales Price: $7.65M, or $204.00 psf, or $294,231 per buildable unit
Reception No: 2018086674
Closing Date: 7/13
Grantor: Newberry Family LLC (Kien Arnold, mgr.), 303-322-0443
Grantee: Garfield Development, c/o Iconic Investments (Michael Fancher, pres.), www.investiconic.comor 303-406-1393
Financing: $5.36M payable to Collegiate Peaks Bank Division of Glacier Bank
Comments: See APN: 1573-28-4-00-002. Slated for 26-unit, three-story apartment building with 36 parking spaces. There will be three buildings. Building 1 contains 8 units with 6 parking spaces, building 2 contains 10 units and 8 parking spaces and building 3 contains 8 units with six parking spaces. The four garages will contain as follows: Garage A – two spaces; Garage B – six spaces; Garage C – six spaces & Garage D – two spaces.
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.