Property Location: 21800 E. Quincy Ave., Aurora, “corporate-backed land lease”
Property Description: 5,520-sf convenience store, YOC 2017
Land Size: 70,810 sf
Sales Price: $2.36M, or $33.33 per square foot of land
Reception No.: D8031340
Closing Date: 3/30
Grantor: Copperleaf Commercial Investors LLC, Daniel Frank, mgr.
Grantee: Narani Elaheh Sharifi & Saffarian Nasser
Comments: The APN is: 2073-12-2-12-003. This is a 20-year lease term with 7% bumps each five years, including eight five-year option renewal periods. The going-in cap rate is 4.98%, which does not include a vacancy rate, management or reserves. The tenant is Maverik. The listing broker was Sam Zaitz of Legend Partners.
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]