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1117-1125 E. Saint Vrain, Purchase Satisfies Exchange Requirement

Posted by Emily Lemere on April 1, 2021
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Just Sold UAG CO springs

Denver, CO ( March 31, 2020 ) — Unique Properties, Inc. / TCN Worldwide and the Greystone-Unique Apartment Group, Colorado’s most experienced privately held, full-service commercial real estate brokerage firm, is proud to announce the sale of 1117-1125 E. Saint Vrain in Colorado Springs, CO for $3,925,000.

 

1117-1125 E. Saint Vrain St. is situated just west of Boulder Park and roughly 6 blocks west of the U.S. Olympic and Paralympic Training Center. The 26-unit property sold for $150,961 per unit or $252.70/SF.

 

The Buyers were needing to satisfy a 1031 exchange from a property they sold in the heat of the pandemic lockdown, and entrusted The Greystone Unique Apartment Group to ensure that they would not be left with a hefty tax bill in an already unusual time.  The Buyers were drawn to this property for its location, proximity to essential jobs, and tenant base. The property is situated in a quiet neighborhood within walking distance to Boulder Park and Memorial Hospital.

 

Elliott Polanchyck, who represented the Buyer on the deal, noted that “This transaction had its challenges, but it really came together nicely. We were extremely fortunate that the Buyer was able to secure such an incredible property and fulfill their 1031 exchange.  The Buyer is excited to partner with Atlas Real Estate to renovate the entire asset over the next 12 months.  They look forward to owning a turn-key, legacy asset in Colorado Springs when completed.”

 

To schedule an interview with a Unique Properties Broker regarding this transaction, or if you are in need of real estate services of any magnitude – please contact Elliott Polanchyck.

epolanchyck@uniqueprop.com

About Unique Properties, Inc. / TCN Worldwide

Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land, and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 300 commercial real estate transactions in 2016. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.

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