Just Sold: 48-Unit Multifamily Property in Glenwood Springs, CO Closes for $8,250,000

Address: 228 Auburn Ridge Ln., Glenwood Springs, CO 81601
Sale Price: $8,250,000
Date Closed: December 12, 2023
Total Units: 48 ($171,875/Unit)
Property Size: 30,376 SF ($271/SF)
Cap Rate: 5.6%
Property Type: Multifamily

Denver, CO – December 13, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 228 Auburn Ridge Ln., Glenwood Springs, CO 81601.

Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.

“This was an off-market transaction where the Seller wasn’t necessarily looking to sell but received an offer that worked for them. Buyers were looking to add to their portfolio and made this a smooth transaction.”
– Kevin Calame, NorthPeak Commercial Advisors.

For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com.