Infinity Communities acquires 43,283-sf site for $7.04M

Denver County

Property Location: NEC Zuni St. & W. 31st Ave. (2331 W. 31st Ave. & 3130 Zuni St.) & 3125 Wyandot St.

Property Description: Land value, misc. improvements

Land Size: 43,283 sf

Sales Price: $7.04M, or $162.74 psf

Reception No.: 2018097436

Closing Date: 8/2

Grantor: State of Colorado, Don Brown, 303-869-9000

Grantee: The Zuni31 LLC, c/o Infinity Communities LLC (Regan Schmergel, 720-219-7647 or reganschmergel@infinityc.com)

Financing: $2.41M & $1.97M payable to National Safe Harbor Exchanges

Comments: The initial plans include a three-story, 96,041-sf mixed-use building with 54-apartments & 93 parking spaces at 3130 Zuni St./2331 W. 31^stAve. & a 33,496-sf, three-story building with 31 apartments and 31 parking spaces at 3125 Wyandot St., for a total of 129,537 sf. The retail space will contain 3,553 sf & restaurant spaces will include 6,998 sf. The apartments proposed include 602-sf studio units, 800-sf one-bedroom units, 987-sf two-bedroom units.

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.