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PedCor Properties of Indiana pays $5.4M for 16.32 acres in Thornton

Adams County

Address or Location: Northeast corner East 160th Ave. & Grant St., Thornton

Improvements: Vacant land, proposed 338-unit apartment complex

Land Size: 16.318 acres

Date of Recording: 7/21

Reception No. 63427 2017

Price: $5.4M, or $7.60 psf, or $15,976 per unit

Grantor: Thornton 164 LLC, Jay Perlmutter, mgr.

Grantee: Village Capital Corp., c/o Signature Construction LLC, Alison S. Birge, SVP, 317-817-0360

Financing: $4.05M payable to United Fidelity Bank, FSB due 1 yr.

Comments: The buyer is a PedCor Company.

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.