ReyLenn Properties acquires Aurora multifamily site

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Adams County

Property Location: SWC Martin Luther King Blvd. & Oswego St., Aurora

Property Description: Vacant land

Land Size: 9.06 acres

Sales Price: $6.75M, or $17.10 psf, or $24,107 per buildable unit

Reception No.: 83021 2018

Closing Date: 10-15

Grantor: FC Stapleton II LLC

MPQ 1Q 2019 Banner 300 x 250

Grantee: Solana Stapleton LLC, c/o ReyLenn Properties LLC (Jason Smith, VP)

Comments: Buyer plans to build 280-unit, 11-building apartment project including 176 one-bedroom units, 88 two-bedroom units and 16 three-bedroom apartments.

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.

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