Prospect Station I & II Sell for $16,516,000; Greystone Unique Apartment Group Represents the Buyer

January 23, 2018

Fort Collins, CO (January 23, 2017) – Greystone Unique Apartment Group is pleased to announce the sale of Prospect Station, a 68-unit apartment complex and one commercial space located at 221 and 303 West Prospect Road in Fort Collins. The complex sold for $16,516,000 and sold on January 12, 2018. Prospect Station consists of two (2) buildings, 221 W. Prospect Road (Prospect Station I) was constructed in 2014 and 303 W. Prospect Road (Prospect Station II) was constructed in 2017. Phil Dankner of the Greystone Unique Apartment Group represented the buyer in this transaction.
Prospect Station Highlights:
• Eight (8) – Studio Units
• Thirty-Six (36) – 1 Bedroom / 1 Bathroom Units
• Twenty (20) – 2 Bedroom / 1 Bathroom Units
• Four (4) – 3 Bedroom / 2 Bathroom Units
• One Commercial Space – Mountain Iris Café
Prospect Station was recently constructed with high end finishes. All units feature custom European frameless cabinets, granite slab countertops, balconies, in unit washer/dryer, contemporary paint and wood flooring. The assets include reserved covered parking, elevator access, fully secured buildings, and a gathering space/picnic area. Prospect Station is rented primarily to young professionals and faculty/staff of the neighboring Colorado State University.
The assets are located at the intersection of West Prospect Road and South College Avenue within walking distance to Colorado State University campus and Prospect Max station that provides access midtown and downtown Fort Collins. New ownership was attracted to the location, new construction and premium rental rates from the booming Fort Collins market.
For more information, please contact: Phil Dankner (303) 645-4796 |

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