Washington Park/Speer Blvd. location draws $10.5 million

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Denver County

Property Location: Northwest corner E. Third Ave. & Logan St., (325-355 Logan St.), Denver

Property Description: Land value, 171 units planned, including 92 one-bedroom units, 74 two-bedrooms and five three-bedroom units, with 245 parking spaces

Land Size: 44,082 sf

Sales Price: $10.5M, or $238.19 psf, or $61,403 per buildable unit

Reception No.: 2018078263

Closing Date: 6/25

Grantor: 325 Logan St. LLC (Scott Sepic, mgr.)

Grantee: Nash-Holland 355 Logan Investors LLC, 1111 Main St., Suite 700, Vancouver, WA 98660 ,attn: Clyde P. Holland Jr., CEO

Financing: $72 million payable to Holland Partner Group Investment

Comments: Lots 21-34 Block 12, Kettles Addition, Denver, Lot 13, Block 9, East Broadway Terrace & south 38.78’ Block 19, Arlington Park. Scott Menefee, senior development director at Holland Partners, 720-452-3045. The sale was handled by ARA Newmark, Chris Cowan

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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