2037-Walnut-Boulder-CO

ARA Newmark Brokers $7.6M Sale of Apartment Property in Boulder

by Amy Works

BOULDER, COLO. — ARA Newmark has arranged the sale of 2037 Walnut, a multifamily asset located one block from Pearl Street in Boulder. An undisclosed buyer acquired the property from Boulder-based Element Properties for $7.6 million.

Constructed in 1981 and renovated in 2014, the property features 26 one-bedroom units, averaging 400 square feet, with private patios. Recent renovations included new kitchens and bathrooms, stainless steel appliances, engineering hardwood floors and energy-efficient appliances.

Andy Hellman and Justin Hunt of ARA Newmark represented the seller in the transaction.

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