ARVADA, COLO. — Capstone has arranged the sale of Mesa Verde Apartments, a multifamily property located at 9700 W. 51st Place in Arvada. An undisclosed buyer acquired the property for $64.5 million.
Mesa Verde Apartments features 276 apartments in a mix of one-, two- and three-bedroom layouts with individually controlled heating and air conditioning and walk-in closets. The community includes volleyball and basketball courts, an outdoor swimming pool, playground and picnic area, as well as off-street parking for residents. The buyer plans to perform interior renovations, add additional units to the community, build a clubhouse for resident use, add a gate surrounding the property and resurface the parking lots.
Brandon Kaufman of Capstone represented the buyer in the deal.