Jeffco land sells for senior facility

Jefferson County

Property Location: 17351 W. 64^th Ave., Arvada

Property Description: Vacant land, proposed for 141-unit independent living apartment building with approximately 106 parking spaces

Land Size: 4.56 acres

Sales Price: $1,39M, or $7 per sf

Reception No.: 2016047522

Closing Date: 5/18

Grantor: Veldkamp’s Real Estate Inc., Bernard M. Veldkamp III, president, 303-420-3343

Grantee: MVG-MS (MorningStar Arvada) LLC, Marshall Burton, president, 303-750-5522 (44.12%); Rankin Holdings LLC, Jon Rankin, manager (24.83%); & Dennis Profits-Interest LLC, Jon Rankin, manager (31.94%)

Comments: Proposed 141-unit independent senior living facility planned. Property is located on the north side of West 64^th Avenue, approximately 275 feet east of the Virgil Way intersection with West 64^th Avenue.

Comp of the Day is provided by by John V. Winslow, president of WinComps LLC. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.