Denver County
Property Location: SWC Acoma St. & W. 10thAve.; SEC Bannock St. & W. 10thAve., *990 Bannock St., Denver
Property Description: Vacant 101,500-sf, five-story office building, YOC 1982
Land Size: 92,210 sf
Sales Price: $18.5M, or $200.63 psf
Reception No.: 2018051931
Closing Date: 4/30
Grantor: Megastar Holdings LLC, Anita Padilla-Fitzgerald, CEO, 303-321-8800
Grantee: LMC 10th & Acoma Holdings LLC, c/o Lennar Multifamily, Attn: Lee-Ryan Busse, VP – real estate development, 720-836-5244
Financing: Cash
Comments: This property has three parcels of land; see APN: 05037-08-054, 05037-08-048, 05037-08-053. The seller purchased the site in August 2015 for $15.2M, or $164.84 psf. The value increased by 21.7%.
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.
