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Texas-based Frassati Catholic Academy acquires former charter school

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Adams County

Property Location: 3951 Cottonwood Lakes Blvd., Thornton

Property Description: 61,454-sf charter school, YOC 2003, 2008, block construction; 36 standard classrooms, 8,946-sf gymnasium, soccer and baseball field, indoor audio included with nine classrooms set up with smart projectors, 750 students maximum

Land Size: 7.11 acres

Sales Price: $11.7M, or $190.39 per sf

Reception No.: 2016000058293

Closing Date: 7/20

Grantor: Stargate Foundation, Apryl Sweat, pres., 303-450-3936

Grantee: Frassati Catholic Academy, Keith A. Parsons, CFO & board member

Financing: $11.72M payable to Cobiz Public Finance Inc.

Comments: The school was founded in 1860 in Nashville and its corporate office is in Spring, Texas. It is affiliated with the Catholic Archdiocese of Denver. The property is located at the northwest corner of Cottonwood Lakes Boulevard & Colorado Boulevard. The school has catered to kindergarten through middle school. The seller is relocating to its campus at East 144th Avenue & Washington Street. The contact information for Keith A. Parsons is 303-715-3215.

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.