Remaining Stroh Ranch land sold for $41 million

Douglas County

Property Location: Vicinity of SWC Stroh Road and Crawford Road, Parker

Property Description: Vacant land

Land Size: 1,135 acres

Sales Price: 41M, or $36,123 per acre

Closing Date: 2/26

Reception No.: 2018011029

Grantor: Stroh Ranch Development, Gary Hunter, mgr., 720-482-7707

Grantee: Jen Colorado 18 LLC, c/o Jen Partners, 212-755-4300, Ethan Leibowitz, Lawrence Jacobson, 303-984-9800., Ext. 109

Financing: $21M payable to seller @ 5% interest only, due 2/20/2021

Comments: This property was brokered by Stew Mosko of Cushman & Wakefield. This land has been annexed into the city of Parker and is served by the Parker Water and Sanitation District. The land abuts the Rueter-Hess reservoir, which contain underground connectors to Cherry Creek Reservoir.

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.