New Jersey developer acquires Highland site for $155.71 per sf

Denver County

Property Location: 2800-2826 W. 29th Ave., Denver

Property Description: Misc. improvements, plan to construct 117 units

Land Size: 21,675 sf

Sales Price: $3.38M, or $155.71 per sf, or $28,846 per buildable unit

Reception No.: 2016089416

Closing Date: 7/6

Grantor: Carmen Real Estate LLC, by: Sagebrush Companies, Todd Heinzeroth, mgr., 303-866-0011, or Don Caster, 303-800-8152

Grantee: Connell Viking Park LLC by Connell Co., Shane Connell & Duane Connell, mgrs., 908-673-3700

Financing: Cash

Comments: The developer is a fourth-generation New Jersey firm led by Shane & Duane Connell. They will construct 117 units consisting of 30 two-bedroom units and 87 one-bedroom units. There will be four levels of parking, including the first two floors plus two basement levels, totaling 144 parking spaces. The building will be an 8-story building known as the Viking Park Apartments.

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.