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Foothills West Apartments Acquired for $3,550,000; High Price Per Door in Colorado Springs

Posted by Unique News Team on May 21, 2018
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Colorado Springs, CO (May 21,2018) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of Foothills West Apartments, a 35-unit multifamily asset, located at 720 Melany Lane in Colorado Springs, CO. The Property sold off-market for $3,550,000 or $101,428 per unit and closed on May 18, 2018. Zach Hansen of Greystone Unique Apartment Group represented the buyer.

The Property consists of one exterior walk-up building constructed in 1963 with 33,129 rentable square feet. Foothills West Apartments contains eighteen two-bedroom units averaging 875 sqaure feet and seventeen three-bedroom units averaging 1,075 square feet. Located on the West side of Colorado Springs, Foothills West Apartments neighbors the intersection of Interstate 25 and West Fillmore Street. At the time of the sale, a majority of the units had been renovated.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Zach Hansen at zhansen@uniqueprop.com or 303.645.4787.

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