Westminster, CO (February 24, 2016) — Unique Apartment Group (UAG), recently brokered the transaction of a 44-unit multifamily property located at 7545 Bradburn Boulevard in Westminster, Colorado. The Property received a high number of offers from qualified investors and was acquired above the listing price at $3,960,000 or $90,000 per unit. The transaction closed on February 16, 2016.
Westminster, a northern submarket of Denver, is facing significant popularity and population growth due to recent developments. The location and unit mix were instrumental in obtaining an aggressive number of offers and high purchase price. The Property is located within walking distance from the new Westminster Light Rail station which opens Spring of this year.
“In the past ninety days alone, UAG represented five buyers in Westminster, all of which were value-add investment purchases,” stated Ryan Floyd, Senior Broker at Unique Properties. “Our market analysis and market outlook projects that Westminster is going to continue to experience a surge in investment activity,” he concluded.
Constructed in 1973, the Property consists of four separate buildings with a unit mix of twelve (12) one-bedroom units, thirty-one (31) two-bedroom units, and one (1) three-bedroom unit. Bradburn Gardens was 98% occupied at time of sale.