Loveland & Greeley, CO (August 2016) – Unique Apartment Group (UAG) is pleased to announce the sale of a three building portfolio consisting of 82 apartment units located in Loveland and Greeley. The portfolio closed at $7,700,000.
L’Abri Apartments, a 24-unit apartment complex located at 430-482 West 10th Street in Loveland, closed on July 11, 2016 for $2,304,000 or $96,000 per unit. L’Abri consists of two buildings with 19,440 net rentable square feet and a unit mix of twenty-four (24) two-bedroom units.
DMA Loveland Apartments, a 33-unit apartment complex located at 703-707 SW 16th Street in Loveland, closed on July 11, 2016 for $3,196,000 or $96,848 per unit. DMA consists of three buildings with 27,872 net rentable square feet and a unit mix of thirty-two (32) two-bedroom units and one (1) four-bedroom unit.
Washington School Apartments, a 25-unit apartment complex located at 530 13th Avenue in Greeley, closed on July 18, 2016 for $2,200,000 or $88,000 per unit. Washington School consists of three buildings with 20,580 net rentable square feet and a unit mix of one (1) studio and twenty-four (24) two-bedroom units.
“This sale represents where the Northern Colorado submarket has come over the last year, there is so much interest in the outer lying markets of Denver that are not commanding the high price per door. The Northern Colorado submarket is gaining a lot of attention nationally because of their strong economy and low vacancy rates.” – Phil Dankner of UAG