Apartment Building Sale in Denver - 2775 South Federal Boulevard
Posted on Wed, Apr 27, 2011
2775 S. Federal Blvd. is an 81 unit apartment building located at an excellent area in the Denver Metroplex. The multifamily property was constructed in 1973 and consists of 42 – 1 Bedroom/1 Bath apartment units, 39 – 2 Bedroom/1 Bath apartment units. The new owner plans to completely renovate the building over the next two months.
Mike Phillips, CCIM, a commercial real estate broker who specializes in buyer representation, is a Senior Advisor for Pinnacle Real Estate Advisors in Denver and he represented the Buyer in the transaction. The transaction closed on April 27, 2011 with contract price of $4,150,000 or $51,235 per unit.
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Mike Phillips, CCIM, at 303.962.9563 – MPhillips@PinnacleREA.com or Matt Ritter at 303.962.9550 – Mritter@PinnacleREA.com.
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