Property Location: 14200 E. Sixth Ave., Aurora, “Knights Inn”
Property Description: 143-unit motel w/ 40,160 sf in five buildings, YOC 1982, stucco construction
Land Size: 2.418 acres
Sales Price: $7.15M, or $50,000 per unit, or $178.04 psf
Reception No.: D7124490
Closing Date: 11/1
Grantor: Im & Lim Inc., Hyon IK Im
Grantee: Kings Group Inc. (85%) & K&C LLC (15%), Kyeong Hee Kim, pres.
Financing: $4.91M payable to Hanmi Bank, SBA loan
Comments: See APN: 1975-07-2-01-043. Sold for $4.17M in January 2014.
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.