Douglas County
Property Location: 19160 Cottonwood Drive, Parker
Property Description: 143-unit assisted-living and memory care, three-story facility (117 units assisted living & 26 units memory care), YOC 2017, 105,186 sf
Land Size: 4.406 acres
Sales Price: $28.69M, or $200,612 per unit, or $272.73 psf
Reception No.: 2018049794
Closing Date: 8/8
Grantor: Crown Point Assisted Living LLC (Steven M. Cersonsky, mgr.)
Grantee: Parker CO Senior Property LLC & Cottonwood Senior Care LLC (Robert W. Chapin Jr., CEO, & David Wigle, SVP – acquisitions, c/o Bridge InvestmentGroup, 407-999-2400
Financing: $23.62M payable to Compass Bank
Comments: See APN: 2233-033-08-015
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.
