Denver, CO (February 26, 2015) — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of a 18-unit apartment building located at 1351 Xenia Street in Denver, Colorado.
UAG represented both the undisclosed buyer and undisclosed seller in this transaction. The Property was sold for $1,020,000 or $56,666 per unit.
Constructed in 1961, the Property is well maintained and has a strong in-place cash flow. The building has a unique unit mix and the previous owner upgraded all mechanicals. Located near East Colfax Avenue and the Lowry Redevelopment, the buyer was attracted to the strong 7.45% cap rate with potential upside in rents.
To schedule an interview with a UAG broker regarding this transaction or for more information about Unique Properties, Inc., from a corporate standpoint, please contact Natalia Griffin at ngriffin@uniqueprop.com, 720.881.6320.
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