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Park N Fly lands Commerce City site for $3.75 million, or $3.45 psf

Adams County

Property Location: North side of E. 81st Ave., approx. 1,000’ west of Tower Road, Commerce City

Property Description: vacant land, to be rezoned to PUD

Land Size: 24.988 acres

Sales Price: $3.76, or $3.45 psf

Reception No.: 201700081059

Closing Date: 9/11

Grantor: Sark Colorado LLC, Inderpal S. Chopra, mgr.

Grantee: Park N Fly LLC, Saira Dhanani, mgr., 1017 Bridgewater Park Drive, Birmingham, AL 35244

Financing: $1.88M payable to Metro City Bank, Atlanta, GA 30340

Comments: See APN: 1723-28-4-02-001 located Lot 1 DIA Tech Center Filing

No. 2. This property sold to the seller in June 2013 for $1.7M, reflecting a 121%, or 19.16% per annum, increase in value for the seller. Possible plans for new parking facility near Denver International Airport.

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.