Sold: 32 unit apartment building in Arvada, Colorado
Posted on Fri, Apr 30, 2010
Venice Square Apartments
8943 W 53rd Avenue
Arvada, CO 80002
Venice Square consists of (4) - 1Br/1Ba; (26) - 2Br/1Ba; (2) - 3Br/1Ba apartment units and was built in 1961. This apartment building in Arvada, Colorado sold on April 30, 2010 for $1,640,000 ($51,250/unit and $56.35/SF).
Josh Newell &
JB Hochman, commercial real estate brokers for Pinnacle Real Estate Advisors in Denver represented the Sellers, Venice Square, LLC on the sale. Josh Newell also represented the Buyer, MJS Partners, LLC on the transaction.
The Buyer assumed the Seller's existing debt through Chase. There was deferred maintenance at the time of sale.