Property Location: Northwest corner of S. Parker Road & East Fair Ave., Centennial
Property Description: Vacant replatted land, plan to build 209 apartment units
Land Size: 5.2291 acres
Sales Price: $2M, or $8.78 psf, or $9,569 per buildable unit
Reception No.: D8062751
Closing Date: 6/26
Grantor: Fellowship Community Church (Douglas Swanberg), 303-699-1110
Grantee: Centennial Leased Housing Associates I LLLP, 2905 Northwest Blvd., Suite 150, Plymouth, MN 55441, attn: Mark S. Moorhouse & Ronald G. Mehl
Financing: $1.4M payable to Bridgewater Bank, in Bloomington, MN
Comments: Lot 1, Block 1, Fellowship Community Church Subdivision, Filing No. 2, see file plat, D8061788. The buyer plans to build 89 one-bedroom units and 120 two-bedroom units.
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.