Colliers Sells Columbine Village Apartments in Arvada, CO
Colliers Multifamily Advisory Group announced the sale of Columbine Village Apartments
[Denver, CO, Thursday, April 17th 2023] – Colliers Multifamily Advisory Group announced the sale of Columbine Village Apartments for $44,750,000 which equates to $192,888 per unit and just over $300 per square foot. Columbine Village is a 232-unit Senior, LIHTC community, built in phases from 1998 to 2003 and located at 7901 West 52nd Avenue, Arvada, Colorado, just minutes to Old Town Arvada.
The buyer assumed an existing HUD loan with a below market interest rate under 3%. The buyer plans to maintain the affordability of the community.
Bill Morkes and Craig Stack of Colliers represented the seller and sourced the buyer.
About Colliers
Colliers Denver Multifamily Advisory group specializes in the disposition of multifamily assets in Colorado and the surrounding states – including market-rate, affordable, senior, student, and mixed-use assets as well as land suitable for multifamily development.
For More Information
Bill Morkes
Senior Vice President
Multifamily Investments
Dir +1 303 283 4583
Mob +1 303 351 1371
bill.morkes@colliers.com
Craig Stack
Senior Vice President
Multifamily Investments
Dir +1 720 833 4602
Mob +1 303 931 2274
craig.stack@colliers.com
