Apartment building sale in Denver - 3080 West Iliff Avenue
Posted on Wed, Aug 31, 2011
Mansard Square Apartments is a multifamily complex consisting of 2 apartment buildings and a large, storage & garage structure. There are (30) 1bd/1ba and (12) 2bd/1ba units at the property.
Josh Newell, commercial real estate broker and Senior Advisor for Pinnacle Real Estate Advisors in Denver, represented both the Buyer and the Seller in the transaction. The transaction closed on August 31, 2011 with a contract price of $1,940,000, or 97% of the listed price. Newell added that “this is a rare, 1980’s constructed property that has a good amount of rental upside. I wasn’t surprised when we received multiple offers in the early stages of marketing the asset. During the due diligence period, it was quickly discovered that the Seller, who was also the original owner, had taken great care of the property.”
For more information on this apartment building sale in Denver or other Colorado commercial real estate transactions please contact Josh Newell at 303-962-9559.