LAKEWOOD, COLO. — Pinnacle Real Estate Advisors has arranged the purchase of an eight-unit apartment building located at 8447-8449 W. Dakota Ave. in Lakewood. An undisclosed buyer acquired the asset for $2.1 million, or $262,000 per unit, in an all-cash transaction. The name of the seller was also not released. Josh Newell, Connor Knutson and Jake Waxter of Pinnacle Real Estate Advisors represented the buyer in the deal.
Colorado
Mission Hill Hospitality Acquires 120-Key Residence Inn by Marriott in Breckenridge, Colorado
by Amy Works
BRECKENRIDGE, COLO. — Mission Hill Hospitality has purchased the Residence Inn by Marriott in Breckenridge. Terms of the transaction were not released. Opened in 2016, Residences Inn Breckenridge features 129 guest rooms, a fitness center, full breakfast, cocktail hour and lounge, year-round outdoor pool and spa, barbeque grills, a 24-house front desk, ski storage and 1,700 square feet of event space.
LITTLETON, COLO. — Greenwood Village-based Hawkeye INVSCO has completed the disposition of a three-property retail portfolio in Littleton to an undisclosed investor for $15.1 million. Totaling 101,103 square feet, the portfolio includes Marketplace at Ken Caryl, Columbine Plaza and Marina Pointe Shopping Center. Located at 10143 W. Chatfield Ave., Marketplace at Ken Caryl features 47,606 square feet and was originally built in 1981. Columbine Plaza, located at 6671-6745 Ken Caryl Ave., offers 33,947 square feet of multi-tenant space. Marina Pointe Shopping Center, located at 7444 W. Chatfield Ave., features 19,550 square feet on 1.8 acres. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the deal.
Marcus & Millichap Brokers Sale of 52,550 SF Industrial Property in Henderson, Colorado
by Amy Works
HENDERSON, COLO. — Marcus & Millichap has arranged the sale of an industrial asset located at 8777 Brighton Road in Henderson. Terms of the transaction were not released. Situated on 3.5 acres, the three-building property offers a total of 52,550 square feet of industrial space with 11 units, solar panels and a standalone office facility. Alyssa Tomback and Thimy Moraitis of Marcus & Millichap’s Denver office represented the seller and buyer, both private investors, in the deal.
DENVER — NorthPeak Commercial Advisors has arranged the sale of an apartment building located at 758 N. Clarkson St. in Denver. The property traded for $5 million, or $294,117 per unit. The 9,329-square-foot asset features 17 newly renovated residential units. Greg Johnson and Conner Piretti of NorthPeak represented the undisclosed seller in the deal. The name of the buyer was not released.
DENVER — Comunale Properties has purchased an industrial facility, located at 1870 W. 64th Lane in Denver, from Manhattan Fund XXI LLC for an undisclosed price. The acquisition is part of Comunale’s Private Capital Core long-duration income strategy, which has industrial holdings across six states. The industrial property is fully leased to three tenants. The building features 20-foot clear heights, modern features and tilt-up construction. Brandon Kramer of Marcus & Millichap represented the seller in the deal.
DENVER — CBRE has arranged the sale of Delaware Street Townhomes, a multifamily building located at 2566-2598 S. Delaware St. and 351-375 W. Vassar Ave. in Denver’s South Broadway neighborhood. Hill Street Realty acquired the asset for $10.4 million from Pando Holdings. Built in 2022, Delaware Street Townhomes features 22 three-bedroom floor plans averaging 1,272 square feet and high-end finishes. At the time of sale, the townhomes were fully leased. Erik Toll, Justin Hunt, Andy Hellman, Brad Schlafer and Jessica Graham of CBRE’s Colorado multifamily investment properties team represented the seller in the deal.
Kairoi Residential Obtains Joint Venture Equity, Debt Financing for 419-Unit Multifamily Project in Aurora, Colorado
by Amy Works
AURORA, COLO. — Kairoi Residential has received joint venture equity placement and a 55 percent loan-to-cost construction loan for Kairoi Metro Center, an apartment community in Aurora. Leon McBroom, Travis Anderson and Kevin Barron of JLL Capital Markets Advisory advised on the joint venture equity placement and secured the six-year, floating-rate loan through a two-bank syndication for the borrower. Upon completion in early 2026, Kairoi Metro Center will feature 419 one-, two- and three-bedroom units with an average size of 831 square feet. The project will also feature two small urban parks as part of the site plan and is adjacent to a 1.4-acre city park.
CASTLE ROCK, COLO. — Newmark has arranged the land sale of The Meadows at Castle Rock in Castle Rock. Limelight Mob II LCC acquired the residential land asset from Castle Rock Development Co. for $1.4 million. The investment sale includes 98,881 square feet of land. Kittie Hook and Cathy Mcdermott of Newmark represented the seller, while Connolly Capital represented the buyer in the deal.
COLORADO SPRINGS, COLO. — Marcus & Millichap has brokered the sale of an office building located 5010 El Camino Drive in Colorado Springs. A private investor sold the asset to an undisclosed buyer for $1.4 million. The two-story property features 9,000 square feet of multi-tenant office space. Erik Enstad, Brandon Kramer and Chadd Nelson of Marcus & Millichap represented the seller in the transaction.