Broomfield County
Address or Location: 8000 Uptown Ave., Broomfield
Improvements: 360-unit apartment community with 328,628 sf, YOC 2015
Land Size: 13.701 acres
Date of Recording: 10/27
Reception No. 2017013468
Price: $95M, or $263,889 per unit, or $289.08 psf
Grantor: Residences at Dry Creek Valley LLC, Scottsdale, AZ, c/o The Wolff Co
Grantee: Broomfield Multifamily DST c/o Inland RE Group LLC, Joseph E. Binder, SVP, & Brett D. Smith
Financing: $53.2M payable to Capital One, NA
Comments: This sale was handled by CBRE multifamily team including Matt Barnett, Dan Woodward & David Potarf. The building has an average unit size of 913 sf, with the largest being a three-bedroom, two-bath unit containing 1,205 sf and the smallest being 685 sf. Wolff has a significant presence in Colorado with Elevate at Centennial (285 units), Capstone at Vallagio in Englewood (272 units), One Observatory Park in Denver (213 units), Province Springs in Colorado Springs (158 units, 55 & up, restricted independent living), Clear Creek Commons in Golden (45s unit, 55 & up age-restricted and Gunbarrel Center in Boulder (251 units). The property is located at the southeast corner of Broomfield Lane & Uptown Avenue, near the Denver-Boulder Turnpike.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
