Local developer snags 2.83-acre site for $55.18 per sf

Denver County

Property Location: 725 W. 39th Ave., Denver

Property Description: 13,332-sf warehouse, YOC 1955

Land Size: 2.83 acres

Sales Price: $6.8M, or $55.18 per sf (land value)

Reception No.: 2016093811

Closing Date: 7/15

Grantor: Munroe Investment Company LLC, Vicki Munroe, mgr.

Grantee: 725 W. 39th LLC, John W. Zakhem, mgr., 303-898-7788

Financing: Cash

Comments: See APN: 02223-27-013; the property is located on the north side of West 39th Avenue @ the north terminus of Galapago Street & west terminus of West 40th Avenue. Buyer’s real estate company is Zakhem Real Estate Group, 303-532-5500 or zakhemrealestate.com. Mike Zakhem’s contact information is 720-341-7111 or mzakhem@zakhemgroup.com. The buyer may offer the vacant warehouse on a short-term lease until a decision is made to the highest and best use of the site. Buyer represented itself in this transaction.

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.