Chatfield Lake Apartments Sell for $3,614,000
Greystone Unique Apartment Group represented both sides while securing buyer financing
Littleton, CO (May 2, 2017) — Greystone Unique Apartment Group, 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 26-unit multifamily asset located at 8307 South Reed Street in Littleton, Colorado. The Property sold for $3,614,000 or $139,000 per unit and closed on May 1, 2017.
8307 South Reed Street is 21,783 square feet and was built in 1959. The Property consists of two (2) one-bedroom units that average 790 square feet and twenty-four (24) two-bedroom units that average 850 square feet. Prior to the sale, there were numerous property improvements completed including new parking lot paint, new boilers, windows, and electric panels.The Buyer utilized Freddie Mac’s small balance loan program provided by Greystone which resulted in a 3.8% interest rate on a 5-year term, 30-year amortization at the time of closing and will use Greystone Unique Apartment Group to refinance in the future. The new owner intends to hold the property long term.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Brandon Kaufman at email@example.com or 720.638.5527