Skyline apartments in Aurora sell for $17.1 million

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Arapahoe County

Address: 456 S. Ironton St., Aurora

Improvements: 112-unit, four-story apartment w/95,164 sf, YOC 1974

Land Size: 3.129 acres

Density: 36.43 units per acre

Date of Recording: 12/28

Reception No.: 2017169188

Price: $17.1M, or $152,679 per door, or $179.69 psf

Grantor: South Ironton Street Apartments LLC, Jerome Fink, mgr., Bascom Group

Grantee: Skyline View Apartment Property LLC, Alex Lowe, mgr., c/o Lowe Property Group, 801-582-3188

Financing: $14.09M payable to Berkadia Commercial Mortgage LLC

Comments: This property sold in October 2014 for $8.4M, or $75,423 per door. The property was renovated in 2007. The property increased in value by 103.57% since October 2014, an increase of 1.94% per month.

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]

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