Matt Ritter, Jeff Johnson, Josh Newell & JB Hochman announce the following apartment building sale in Lakewood, Colorado: 8150 W. 26th Avenue
Posted on Fri, Oct 23, 2009
This 19 unit apartment building is located in Lakewood, Colorado and was constructed in 1969. The apartment building consists of 1 - studio and 18 - 2bd/1ba units. The building had one vacant unit at the time of sale.
Josh Newell and JB Hochman represented the Seller, Jefferson Arms, LLC and Matt Ritter and Jeff Johnson represented the Buyer, Lakewood Investors, LLC. This transaction closed on October 23, 2009 and the contract price was $1,166,000 or $61,368 per unit. Josh Newell added that "Jefferson Arms represents just the second apartment building transaction in Lakewood to exceed $60,000/unit this entire year." The Buyer paid all cash for the property and the transaction was completed in only 19 days.