Denver County
Property Location: W/S S. Niagara St., 500 feet north of E. Belleview Ave., 4855 S. Niagara St., “DTC Senior Apartments”
Property Description: Vacant land, zoned S-MX-12
Land Size: 92,667 sf as per survey; see 2016099978
Sales Price: $4.82M, or $52 per sf, or $29,382 per buildable unit
Reception No.: 2016107684
Closing Date: 8/12
Grantor: Belleview Land Group LLC by: Westfield Development,
Randy M. Schwartz, mgr., 303-298-1111
Grantee: BMSH I DTC CO LLC, by: MGL Partners LLC, Greg Glade, Mike Gerber & Lisa Mullins, mgrs., 303-892-6600
Financing: $28.65M payable to Synovus Bank, due 9-1-22
Comments: The buyer is planning a 164-unit senior apartment community with 173,000 sf of gross building area, complete with lower-level parking of 115 spaces plus 10 handicapped spaces and one loading space.
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.
