Ashford Belmar sells for $143.5 million
Ashford Belmar, a 512-unit apartment community at 7301 W. Ohio Ave., part of the Belmar district in the city, sold for $143.5 million, according to public records. T
Jolene Wollett
December 17, 2018Ridge at Thornton acquired by Chicago investor
Adams County Property Location: 3650 E. 103rdAve., Thornton, “Ridge at Thornton” Property Description: 280-units in 10 two-story apartment buildings, YOC 2016, & eight three-story buildings, YOC 2018, rentable sf is 299,436, brick/frame Land Size: 11.89 acres Sales Price :$72M, or $257,143 per unit, or $240.45 psf Density: 23.55 units per acre Reception No.: 80940, 80942…
John Winslow
December 14, 2018Broomfield’s Terracina Apartments purchased by Ohio Investor for $106 million
Broomfield County Property Location: 13620 Via Varra Road, Broomfield, “Terracina Apartments” Property Description: 386-unit, four-building, four-story apartment buildings w/361,109 sf, YOC 2009, brick/frame construction Land Size: 12.10 acres (plus 3.83 acres for future development) Sales Price: $106M, or $274,611 per unit, or $274.12 psf Density: 31.90 units per acre Reception No.: 2018012172 Closing Date: 10/19 Grantor: Terracina…
John Winslow
December 13, 2018Belmar apartments sell for $143.5 million
Jefferson County Property Location: 7301 W. Ohio Ave., Lakewood, “Ashford Belmar Apartments” Property Description: 512-unit, 24-building apartments with 615,080 sf rentable area, YOC 1988/1993, brick & frame construction, 27,000-sf clubhouse, Land Size: 26.31 acres Sales Price: $143.5M, or $294,531 per unit, or $304.50 psf Reception No.: 2018104265 Density: 19.46 units/acre Closing Date: 11/14 Grantor: Ashford Belmar LLC,…
John Winslow
December 12, 2018Bell Partners of North Carolina acquires apartments for $90.5M
Adams County Property Location: 11900 Newton St., Westminster, “Bell Bradburn Apts.” Property Description: 310-unit, three-story apartments, 389,578 sf rentable area, YOC 2002, frame construction. The unit mix is 84 one-bedroom units, 210 two-bedroom units and 16 three-bedroom units Land Size: 11.176 acres Density: 27.74 units per acre Sales Price: $90.48M, or $291,854 per unit or Reception…
John Winslow
December 10, 2018Security Properties snaps up latest market-rate property
The Grove at City Center, constructed in 1982, features a mix of one- and two-bedroom floor plans featuring in-unit washers and dryers, a stainless steel appliance package, wood-burning fireplaces and air conditioning.
Jolene Wollett
December 9, 2018Wonderland Creek Townhomes trades in $21 million deal
A townhome-style apartment community in Boulder sold to a California buyer for $21 million, or $512,195 per unit. Wonderland Creek Townhomes, located at 3701 Paseo del Prado, was developed and sold by WCT LLC, a partnership of Scott Woodward of Boulder and Brinkman Partners. Eng-Skell Co. was the buyer, according to Boulder County records. The…
Kris Oppermann Stern
December 7, 2018CBRE sells Castle Rock apartments for $73.05M
Denver County Property Location: 4300 Swanson Drive, Castle Rock, “Echelon at the Meadows” Property Description: 240-unit, three-story apartment community with 261,924 rentable sf, YOC 2018. Unit breakdown: 24 one-bedroom units @ 757 sf; 24 one-bedroom units @ 809 sf; 24 one-bedroom units @ 859 sf; 24 one-bedroom units @ 954 sf; 48 two-bedroom, two-bath units…
John Winslow
December 4, 2018Newmark Knight Frank sells 256-unit Ironwood at Red Rocks for $75.4 million
Jefferson County Property Location: 13195 W. Progress Circle, Littleton, “Ironwood at Red Rocks” Property Description: 256-unit, three-story apartment community with 247,616 sf, YOC 2002, brick & frame construction Land Size: 12.248 acres Sales Price: $75.4M, or $294,531 per unit, or $304.50 psf Reception No.: 2018100012 Closing Date: 11/1 Grantor: Belle View Apartments LLC, c/o Embry Development (Brent…
John Winslow
December 3, 2018The Meadows sells for $73.05 million to AvalonBay
AvalonBay Communities Inc. paid $73.05 million, or $304,375 per unit, for the 240-unit The Meadows community at 4300 Swanson Way in Castle Rock.
Jolene Wollett
December 2, 2018