Originally posted at: https://creconfidential.com/colorado/just-sold-aqyre-rea-continues-investment-sales-sprint-across-the-metro/
AQYRE Real Estate Advisors, LLC is pleased to announce the sale of Powderhorn Apartments in Denver, CO.
Principals Joe Hornstein & Scott Fetter (AQYRE) represented the Seller. Advisor Keith Hardy (AQYRE) represented the Buyer.
“The Sellers purchased the property four years ago and were able to generate a solid investment return by taking the property to the next level,” Hornstein said. “The Buyers intend to take the property up a notch following another round of improvements and continue to move rents higher.” – Joe Hornstein, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at AQYRE Real Estate Advisors at 720-738-1944 or Joe@AQYRE.com.
SALE HIGHLIGHTS
- Address: Powderhorn Apartments | 2201-2365 W. Virginia Avenue, Denver, CO 80223
- Number of Units: 51
- Property SF: 42,904 SF
- Sale Price: $8,900,000
- Price Per Unit: $174,510
- Price Per SF: $207
- Cap Rate: 5.70%
AQYRE Real Estate Advisors, LLC is pleased to announce the sale of 1450 S. Reed Street in Lakewood, CO.
Principals Kevin Calame & Matt Lewallen (AQYRE) represented the Seller.
“Sellers have had a great investment with Reed Park as they fully renovated and enjoyed the cash flow for years. However, with a sellers’ market, they were able to make a nice profit with this transaction.” – Kevin Calame, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at AQYRE Real Estate Advisors at 720-738-1939 or Kevin@AQYRE.com.
SALE HIGHLIGHTS
- Address: 1450 S. Reed Street | Lakewood, CO 80232,
- Number of Units: 42
- Property SF: 33,957 SF
- Sale Price: $8,400,000
- Price Per Unit: $200,000
- Price Per SF: $247
- Cap Rate: 5.30%
AQYRE Real Estate Advisors, LLC is pleased to announce the sale of Baseline Village Apartments in Lafayette, CO.
Principals Matt Lewallen & Kevin Calame (AQYRE) represented both sides in this transaction.
“The design and quality of this asset was a very strong motivator for the buyer as they were looking for an investment that would not only stand the test of time physically, but would fit the market needs long into the future — With a mix of single-level and two-level units, this property represented exactly that. Because this asset was so nice, selling was a bit bittersweet for the current owner, but the equity in the asset will represent a nice trade and the opportunity to further boost capital growth.” – Matt Lewallen, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at AQYRE Real Estate Advisors at 720-738-1940 or Matt@AQYRE.com.
SALE HIGHLIGHTS
- Address: Baseline Village Apartments | 811-813 E. Baseline Road, Lafayette, CO 80226
- Number of Units: 35
- Property SF: 47,236 SF
- Sale Price: $12,500,000
- Price Per Unit: $357,143
- Price Per SF: $265
- Cap Rate: 4.70%
AQYRE Real Estate Advisors, LLC is pleased to announce the sale of Warren Park Apartments in Denver, CO.
Principals Joe Hornstein, Scott Fetter, Kevin Calame & Matt Lewallen (AQYRE) represented both sides in this transaction.
“The Sellers owned the property for almost two decades, which is rare these days. The buyer recognized the opportunity to run the building much more efficiently and realize a better than market investment return and was able to obtain max leverage Freddie Mac debt at attractive terms.” – Joe Hornstein, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at AQYRE Real Estate Advisors at 720-738-1944 or Joe@AQYRE.com.
SALE HIGHLIGHTS
- Address: Warren Park Apartments | 5605 W. Warren Ave. & 2187 S. Depew St., Denver, CO 80227
- Number of Units: 46
- Property SF: 28,706 SF
- Sale Price: $6,825,000
- Price Per Unit: $148,370
- Price Per SF: $238
