Colorado

Marcus & Millichap Brokers Sale of 125-Room Wingate by Wyndham Colorado Springs

by Amy Works November 17, 2023

COLORADO SPRINGS, COLO. — Marcus & Millichap has arranged the sale of Wingate by Wyndham Colorado Springs, a hotel located at 7245 Commerce Center Drive in Colorado Springs. A private investor acquired the asset from a limited liability company for an undisclosed price. The buyer plans to re-position the 125-key hotel under a new brand. Onsite amenities include an indoor pool, fitness center, business center, meeting space, laundry facility, breakfast area and bus parking. Additionally, the property allows easy access to downtown Colorado Springs, Garden of the Gods and Pikes Peak.

November 17, 2023

Acquisitions Colorado Industrial Self-Storage Western

Marcus & Millichap Brokers Sale of 79,605 SF Self-Storage Facility in Aurora, Colorado

by Amy Works November 16, 2023

AURORA, COLO. — Marcus & Millichap has arranged the sale of a StorQuest-managed self-storage facility situated on the southeast side of the E-470 loop in Aurora. A local private equity group sold the asset to an out-of-state firm for an undisclosed price. The 79,605-square-foot asset features a multi-story, climate-controlled building and 11 single-story buildings offering a total of 261 climate-controlled units and 353 non-climate-controlled units. The facility offers 24-hour video surveillance, interior and exterior lighting, secure digital keypad ingress/egress, a leasing office with conference room, prominent storage and wide drive aisles. Adam Schlosser and Charles LeClaire of Marcus & Millichap’s Denver office represented the seller and procured the buyer in the deal.

November 16, 2023

Colorado Loans Multifamily Western

JLL Arranges $99M Refinancing for The Fitzgerald Apartment Community in Denver

by Amy Works November 15, 2023

DENVER — JLL Capital Markets has arranged a $99 million refinancing for The Fitzgerald, an 11-story multifamily property in Denver’s LoDo neighborhood. Charles Halladay, Jordan Angel, Andy Scott, Rob Bova and Ethan Habecker of JLL Capital Markets Debt Advisory secured the floating-rate, three-year loan through Otera Capital for the borrower, Greystar. Built in 2022, The Fitzgerald features 282 studio, one- and two-bedroom units with stainless steel appliances, quartz countertops, wood-style furniture and an average size of 963 square feet. Community amenities include an indoor/outdoor fitness and wellness studio; onsite retail collection; coworking spaces; private meeting rooms; and a pool deck, spa and a social lounge with barbecues, fire pits and TVs. The Fitzgerald is located at 1840 Market St.

November 15, 2023

Acquisitions Colorado Multifamily Western

Pinnacle Real Estate Negotiates $3M Acquisition of Apartment Building in Englewood, Colorado

by Amy Works November 15, 2023

ENGLEWOOD, COLO. — Pinnacle Real Estate Advisors has brokered the purchase of a multifamily property located at 3455 S. Logan St. in the Denver suburb of Englewood. The asset traded for $3 million, which equates to $157,895 per unit or $257.20 per square foot. The apartment building features 19 for-rent residences. Josh Newell and Connor Knutson of Pinnacle Real Estate Advisors represented the buyer in the transaction.

November 15, 2023

Retreat-Mountainside-Colorado-Springs-CO

Colorado Development Multifamily Western

MBK, Hines to Develop 284-Unit Retreat at Mountainside Multifamily Community in Colorado Springs

by Amy Works November 10, 2023

COLORADO SPRINGS, COLO. — A partnership between MBK Rental Living and Hines is developing Retreat at Mountainside, a Class A apartment property situated on 9.7 acres in the Briargate neighborhood of Colorado Springs. Spread across multiple three- and four-story buildings, Retreat at Mountainside will feature 284 one-, two- and three-bedroom apartments ranging from 628 square feet to 1,429 square feet. Community amenities will include a clubhouse with a resort-style swimming pool, contemporary coworking spaces, a fitness center and dog park. Completion for the development is slated for 2025.

November 10, 2023

Acquisitions Colorado Industrial NAI Western

NAI Shames Makovsky Negotiates Acquisition of 34,782 SF Industrial Building in Denver

by Amy Works November 10, 2023

DENVER — NAI Shames Makovsky has arranged the purchase of an industrial property located at 6270 E. 50th Ave. in Denver. Albrook Partners acquired the asset from C.C.E. Real Estate LLC for $3.8 million. The property features 34,782 square feet of industrial space. Paul Cattin and Adam Hubschman of NAI Shames Makovsky represented the buyer in the deal.

November 10, 2023

Acquisitions Colorado Industrial Office Western

Marcus & Millichap Brokers $2.5M Sale of Industrial Property in Denver

by Amy Works November 10, 2023

DENVER — Marcus & Millichap has arranged the sale of a flex industrial building located at 1919 Federal Blvd. in Denver. A private investor sold the asset to an undisclosed buyer for $2.5 million. Situated on 0.4 acres, the 11,600-square-foot property features ample clear heights. Jake Klimas and Brandon Kramer of Marcus & Millichap represented the seller in the deal.

November 10, 2023

Acquisitions Colorado Multifamily Western

Capstone Negotiates $1.3M Sale of Canyon Retreat Apartments in Colorado Springs

by Amy Works November 9, 2023

COLORADO SPRINGS, COLO. — Capstone has brokered the sale of Canyon Retreat Apartments, a 5,252-square-foot multifamily property located at 3737 and 3746 Red Canon Place in Colorado Springs. The asset traded for $1.3 million. The names of the seller and buyer were not released. Built in 1955, Canyon Retreat consists of two buildings: an eight-unit building with four studios and four one-bedroom/one-bath apartments, and a two-unit building with two one-bedroom/one-bath apartments with a separate shared laundry space. Adam Riddle and Conor Cavanor of Capstone brokered the transaction.

November 9, 2023

Acquisitions Colorado Development Industrial Self-Storage Western

Marcus & Millichap Brokers Sale of Self-Storage Development Site in Windsor, Colorado

by Amy Works November 8, 2023

WINDSOR, COLO. — The LeClaire-Schlosser Group of Marcus & Millichap has arranged the sale of a 7.5-acre parcel in Windsor. The city has already approved plans for a 78,550-square-foot storage facility on the site. A local land developer sold the asset to a local investment group for an undisclosed price. The purchase includes a fully entitled, light industrial-zoned site at 340 Crossroads Blvd. with plans for an enclosed single-story self-storage facility. Thomas Parsons and Adam Schlosser of Marcus & Millichap’s Denver office represented the seller and procured the buyer in the transaction.

November 8, 2023

Acquisitions Colorado Multifamily Western

NorthPeak Commercial Arranges $2.2M Sale of Multifamily Property in Wheat Ridge, Colorado

by Amy Works November 7, 2023

WHEAT RIDGE, COLO. — NorthPeak Commercial Advisors has arranged the sale of a 12-unit apartment building located at 3010-3050 Gray St. and 5851-5855 W. 30th Ave. in Wheat Ridge. The asset traded for $2.2 million, or $185,000 per unit. The names of the buyer and seller were not released. Matt Lewallen and Kevin Calame of NorthPeak Commercial Advisors handled the transaction.

November 7, 2023

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