Wheat Ridge infill site targeted for townhomes sells for $1.35M

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Jefferson County

Property Location: 4000 Upham St., Wheat Ridge

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Property Description: Residential Improvements, planned for multifamily development (42 townhomes)

Land Size: 2 acres

Sales Price: $1.35M, or $15.50 psf, or $32,143 per buildable unit

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Reception No.: 2018053485

Closing Date: 6/13

Grantor: Nodef Colorado Inc. (Yitzchak Tessler, pres.)

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Grantee: Upham Partners LLC (Anthony Del Grippo, mgr.), 4251 Kipling St., Suite 150, Wheat Ridge 80033, 303-520-2896

Financing: $1.3M payable to Coulton Creek Capital LLC (Chris Hanks, pres.)

Comments: See APN: 39-234-00-077 containing 18,121 sf; 39-234-00-076 containing 25,439 sf, 39-234-00-075 containing 21,780 sf and 39-234-00-072 containing 21,780 sf. The seller was represented by Chris Cowan and Byron Stevenson of ARA Newmark.

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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