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Nexus Commercial Arranges $5.3M Acquisition of Multifamily Property in Thornton, Colorado

8770-8780-Galen-Ct-Thornton-CO

Located at 8770-8780 Galen Court in Thornton, Colo., the multifamily property features 38 units, two on-site laundry facilities and off-street parking.

THORNTON, COLO. — Nexus Commercial Realty has brokered the sale of an apartment community located at 8770-8780 Galen Court in Thornton. An undisclosed buyer acquired the asset for $5.3 million.

The 38-unit property features 12 one-bedroom units and 26 two-bedroom units. The majority of the units have been updated, and select units feature balconies. The property includes two on-site laundry rooms and 54 off-street parking spaces for tenants.

The buyer plans to manage the property, upgrade the remaining units and increase rents to market value.

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