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Residential lots sell for nearly $8.8 million

Adams County

Property Location: W/S Buckley Road, ¼ mile south of East 120th Avenue, Commerce City

Property Description: 138 vacant lots

Land Size: 34.08 acres

Sales Price: $2.76M, or $20,000 per lot, or $1.86 per sf

Reception No.: 2016000068664

Closing Date: 8/29

Grantor: 120th & Buckley Associates, Russel N. Waterson, general partner

Grantee: Lokal BR6 LLC, Ryan Luntz, mgr., c/o Lokal Homes, 720-295-5818

Comments: Lots 1-65, Block 1; Lots 1-27, Block 2; Lots 1-25, Block 3; Lots 1-14, Block 4; Lots 1-7, Block 5; Tracts A-G, The Villages at Buffalo Run East, Filing No. 6, See new plat, 2016000024030, March 31. There are 49 lots from 8,000 sf to 8,499 sf, 17 lots from 8,500 to 8,999 sf, 14 lots from 9,000 to 9,999 sf, 35 lots from 10,000 to 10,999; four lots from 11,000 to 11,999 sf, 17 lots from 12,000 to 14,999 and one lot between 16,500 sf and 16,999 sf. Tracts A-G contacts 3.29 acres. Lots are paper platted only.

 

Property Location: West & south corner of Cherry Blossom Drive & Azalea Street, Brighton; vicinity of the east side of South 50th Avenue, south of Baseline Road

Property Description: Vacant lots

Land Size: 39 residential lots

Sales Price: $2.54M, or $55,000 per lot

Reception No.: 2016000071035

Closing Date: 8/29

Grantor: Brookfield Residential Colorado LLC, Ashley Taruferi, VP, & Shannon Robbins, agent

Grantee: Richmond American Homes of Colorado Inc.

Comments: Lots 1-4, Block 1; Lots 1-10, Block 2; Lots 5-8, Block 4; Lots 16-36, Block 5; Brighton Crossing Filing No. 2, 3rd Amendment, Brighton

 

Property Location: Adjacent NWC East 140th Avenue & Colorado Boulevard, Thornton

Property Description: 110 vacant lots

Land Size: 17.02 acres gross, 13.77 acres net area

Sales Price: $3.48M, or $31,636 per lot, or $4.96 per sf

Reception No.: 2016000068696

Closing Date: 8/29

Grantor: 140th & Colorado LLC, Clarke D. Carlson, mgr.

Grantee: Calatlantic Group Inc., 303-486-5000

Comments: Lots 1-18, Block 1; Lots 1-46, Block 2; Lots 1-46, Tracts A-H, J, K, L, N, P, Q, R, S, T, U, V, W, X Y, Block 3, Fallbrook Subdivision Filing No. 3 new plat, 2016000068331, August. The lots range from 2,567 sf to 3,651 sf with an average size of 2,829 sf. There are 23 tracts totaling 5.61 acres plus 3.26 acres in right of way (roads) and 7.15 acres of platted lots.

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.