Proposed self-storage site sells for $7.08 per square foot

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Jefferson County

Property Location: SEC West 44th Avenue & Youngfield Street

(12700 W. 44th Ave.), Wheat Ridge

Property Description: Vacant land, rezoned to PUD

Land Size: 1.79 acres

Sales Price: $550,500, or $7.08 per sf

Reception No.: 2016058059

Closing Date: 5/9

Grantor: Raleva Properties KNA Mangone Family, Vincent C. Mangone, mgr.

Grantee: Stor-All Youngfield Street LLC, Larry Anderson, CPM, partner, 954-421-7888, 1375 W. Hillsboro Blvd., Deerfield, FL 33442

Comments: Buyer has applied for approval to build a four-story, indoor self-storage facility containing approximately 109,200 sf. Approval has not been granted at time of closing. The listing was handled by Esther Kettering and the buyer was represented by Terry Matthews, both of Cushman & Wakefield, 303-292-3700. There are two assessor parcels: 39-202-00-011 & 39-202-00-027, both in the city of Wheat Ridge. The plans are currently being heard by the city of Wheat Ridge; see Case Nos. WZ-15-10 and WZ-15-11. There is approximately 406’ of frontage along Youngfield Street, with an access strip running westerly from Xenon Street on the southerly parcel.

Comp of the Day is provided by by John V. Winslow, president of WinComps LLC. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.

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