Patience is key in $4 million deal near E. Iliff & S. Yosemite

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Arapahoe County

Property Location: Northwest corner of East Iliff Ave. & S. Yosemite, Denver

Property Description: Land value, misc. improvements

Land Size: 8.74 acres

Sales Price: $4M, or $10.50 per sf

Reception No: D8057177

Closing Date: 6/12

Grantor: Warren & Iliff LLC/8811 E. Iliff LLC, Steven Peckar, mgr., 303-741-6343

Grantee: Alpert Development II Inc., Scott Alpert, mgr., 303-946-1153

Financing: Cash

Comments: Plots 21-25 & Plots 36-40, Mason’s Gardens Addition, unincorporated Arapahoe County. See APN: 1973-28-1-04-014 & 015, 1973-28-1-04-012 & 014. Property was listed by J&B Building Co., Steve Peckar. Scott Alpert plans on building 121 homes from 1,500 sf to 2,100 sf. Property underwent remediation over the last year and was under contract nearly 3.75 years. Home prices will start at $450,000.

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 [email protected]

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