Arapahoe County
Property Location: 3151 S. Vaughn Way, Aurora, “Cherry Creek Place III”
Property Description: 107,364-sf, six-story office building, YOC 1981, masonry & glass construction
Land Size: 3.246 acres
Sales Price: $6.6M, or $61.47 psf
Reception No: D9009649
Closing Date: 2/1/19
Grantor: AHC Metro Cherry Creek III LLC, Tom Zabor, Signatory
Grantee: PBIV-3151 South Vaughn Way LP (Michael C. O’Malley, mgr.), 3800 N. Lamar, Suite 350, Austin, TX 78756, attn: Pennypacker Capital, 512-610-2910
Financing: $18M payable to Texas Capital Bank
Comments: Listed by Jules Sherwood of HFF, 720-744-2701. The building was 45% occupied at the time of sale. The anchor tenant is Colorado Passport Agency. The APN is: 1973-36-3-07-001. Colorado Technical University Inc. has a lease, as recorded on D1013375, extending until April 30, 2021, with two-five-year options to renew.
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.
