Rare ground lease investment yields 5 percent cap rate
Arapahoe County 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…
John Winslow
April 13, 2018
D.R. Horton acquires 97 lots for $40,000 each
Arapahoe County Property Location: Adjacent SEC S. Piccadilly Road & E. Quincy Ave., fronts westerly corner of E. Radcliff Pkwy. & Copperleaf Blvd., Centennial Property Description: 97 vacant residential lots Land Size: 97 lots totaling 645,486 sf, or 14.82 acres Sales Price: $3.88M, or $6.01 per lot, or $40,000 per lot Closing Date: 3/22 Reception No.:…
John Winslow
April 2, 2018
GSA to reopen auction for federal center site
The U.S. General Services Administration is proceeding with the sale of the 59 acres of vacant land located at the Denver Federal Center Lakewood. GSA received confirmation March 23 from the U.S. Department of Health and Human Services that allowed GSA to make the 59 acres available for public auction. The auction sale start date…
CREJ
March 28, 2018
Chicago firm spends $5.5 million for sites in Englewood & Westminster
Site No. 1: Arapahoe County Property Location: 3555 S. Clarkson St., Englewood Property Description: (land value) formerly Plaza De Medicos building Land Size: 31,947 sf Sales Price: $2.4M, or $75.12 per square foot, or $18,462 per buildable unit Closing Date: 10/13/17 Reception No.: D7116884 Grantor: KRF 965 LLC, George Balafas, mgr. – Kentro Group Grantee: CA Senior Englewood CO,…
John Winslow
March 28, 2018
The land perspective: Demand is as high as it’s ever been
When I am asked to provide information on the land market in Colorado, I generally have an immediate sense of being overwhelmed by the topic. Everything in real estate starts from the land side, and so much of where we are in
CREJ
March 26, 2018
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.…
John Winslow
March 22, 2018
DIA airport quarter section of land sold to Hilltop of DIA LLC for $2.1 million
Denver County Property Location: SEC E. 64th Ave. & Piccadilly Road, Aurora Property Description: Vacant land Land Size: 136 acres Sales Price: $2.1M, or $15,441 per acre Reception No: 2018000017671 Closing Date: 2/28/18 Grantor: The Hilltop Farm Investment Group, Garet V. Hickman, partner Grantee: Hilltop at DIA LLC, Nathan & Megan Waldschmidt, mgrs. Comments: See…
John Winslow
March 15, 2018
Century Communities lands 10.52 acres for 117 attached homes in Arvada
Jefferson County Property Location: Northeast corner of Hallett St. & Colorado Highway 72, also fronts south side of West 94Th Ave., Arvada Property Description: Vacant residential land, 117 attached homes with 81 detached garages Land Size: 10.52 acres Sales Price: $2.29M, or $5 psf, or $19,604 per unit Reception No.: 2018017978 Closing Date: 2/27 Grantor: Arvada…
John Winslow
March 13, 2018
Westside Investment Partners acquire 253-acre site at E-470 & E. 112th Ave.
Adams County Property Location: NEC & NWC E-470 & E. 112th Ave.; NWC E-470 & E. 112th, also fronts NEC E. 112th Ave. & Tower Road, Commerce City Property Description: Vacant land Land Size: 253 acres Sales Price: $2.4M, or $9,500 per acre Reception No: 2018000014899 Closing Date: 2/16/18 Grantor: SW Chambers LLC, et. al…
John Winslow
March 12, 2018
Embrey Partners acquires 21.23 acres for $7.25 million
Jefferson County Property Location: S/S C-470, approx. 1,000’ west of S. Kipling Blvd., also fronts northwest side of W. Toller Drive Property Description: Vacant land, proposed 345 units Land Size: 21.23 acres Sales Price: $7.25M, or $21,014 per buildable unit, or $7.84 psf Reception No.: 2018010338 Closing Date: 1/15/2018 Grantor: Land Securities Investors Ltd. by:…
John Winslow
February 28, 2018
