Arvada, CO (October 5, 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 58-unit multifamily asset located at 12155 West 58th Place in Arvada, Colorado. The Property sold for $10,825,000 or $186,637 per unit and closed on October 2, 2017.
Village West Apartments consists of three buildings that were extensively renovated in 2016. Property improvements included new windows, exterior paint, roofs, landscaping, unit renovations, pool improvements and more. The Property consists of ten (1) one-bedroom units averaging 730 square feet and forty-eight (48) two-bedroom units averaging 975 square feet. Village West features a wide variety of communal amenities including a pool, clubhouse, onsite laundry, sauna and patio area. Located in the Allendale Area of Arvada, the Property has easy access to I-70, Olde Town Arvada and the G-line Lightrail station. The buyer likes the Western Denver submarket because of the recent significant rental growth.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Phil Dankner at pdankner@uniqueprop.com or 303.645.4796.
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