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Proposed senior care center site snagged for $6 per square foot

Comp of the Day handshake image

Adams County

Property Location: SEC Washington Center Parkway & Washington Street, Thornton

Property Description: Vacant land, two 4-story buildings with 156 units (71 independent living units, 62 assisted living & 25 memory care units, w/167,337 sf

Land Size: 8.71 acres

Sales Price: $2.28M, or $6 per sf

Reception No.: 2016000052496

Closing Date: 6/30

Grantor: Washington Center LLC, Steve Cohen, mgr., 720-554-9419

Grantee: MWSH Thornton LLC, Kelley D. Hamilton, mgr.

by: Bonaventure of Salem, 503-566-5721

Financing: Cash

Comments: Proposed Bonaventure of Thornton (Washington Center for 156-unit assisted living center located at 12281 Washington Center Parkway, Thornton. The buyer will develop the senior housing on 7.25 acres with 1.46 acres left for future expansion or development. There are 130 parking stalls, 21 covered plus, six handicapped parking, two covered.

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.