Marcus & Millichap arranged the sale of Glenridge Apartments, a 220-unit apartment complex in Colorado Springs, Colo.
The value of the transaction was $15.6 million, or $71,136 per unit.
Glenridge LLC, a West Coast-based private investor, purchased the property from CDS-CO2 Property Associates, a Utah-based apartment investment group.
Located at 4770 Nightingale Drive, the property consists of 11 three-story buildings and a 176,536-square-foot clubhouse/leasing office. Constructed in 1984, the property features a swimming pool, an indoor hot tub, saunas, a fitness center and a racquetball court.
Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!