Denver, CO – December 18, 2020 – AQYRE Real Estate Advisors, LLC is pleased to announce the sale of Bear’s Den Apartments in Greeley, CO.
Principals Scott Fetter & Joe Hornstein (AQYRE) represented both parties.
“This deal really underscores the importance of location in a real estate investment. The decision to sell the asset was made at the peak of uncertainty around Covid 19, particularly related to student housing which drives the tenant base for this property. But it’s excellent location quickly attracted an experienced investor with a long-term view on value who was excited to add this assemblage to his portfolio. In the end, we had a very smooth transaction with a full price sale allowing our client to pursue other investments closer to his home in the mountains.”
– Scott Fetter, AQYRE Principal.
For more information on this investment or current market conditions, please contact Scott Fetter at AQYRE Real Estate Advisors at 720.738.1945 or Scott@NorthPeakCRE.com.
View listing details: https://www.northpeakcre.com/listing/the-bears-den-apartments-1609-1617-10th-ave-greeley-co-80631/
SALE HIGHLIGHTS
Address: Bear’s Den Apartments 1609-1617 10th Avenue
Number of Units: 16
Property SF: 10,289 SF
Sale Price: $2,200,000
Price Per Unit: $137,500
Price Per SF: $214
