Arapahoe County
Property Location: Vicinity of the northwest corner of Jordan Road & E. Otero Circle North, at the Arapahoe/Douglas county line, Centennial
Property Description: 195 vacant lots, or 682,805 sf
Land Size: 36.205 acres (gross acres), or 15.68 net acres
Sales Price: $7.12M, or $4.52 psf (gross), or $10.43 per sf (net), $36,515 per lot
Reception No.: D6112314
Closing Date: 10/3
Grantor: Jordan Road Properties LLC, Steven M. Cohen & Brett M. Perry, mgrs.
Grantee: Meritage Homes of Colorado
Financing: Cash
Comments: Lots 1-195, Block 1, Tracts A-H, J-N, P, Q, R, S, T & Private Alleys A, B, D,E, F, Trails Edge. See Zoning Ordinance Reception No. D5128117, as referenced by zoning code RU (Urban Residential) and annexed to city of Centennial, Colorado & Plat Reception No. D6112312, which is part of 61.18-acre site that was paper platted by the seller Sept. 30. The 195 lots contain a total of 15.68 acres and average 3,501.56 square feet; the private roads total 6.17 acres. The tracts total 14.36 acres. These lots were paper platted only.
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.
