GLENWOOD, CO, February 14, 2020 – Auburn Ridge Apartments – AQYRE Real Estate Advisors Kevin Calame and Matt Lewallen brokered the $6,830,000 sale of Auburn Ridge Apartments, a 48 unit apartment building in Glenwood Springs, CO – representing the Buyer in this transaction. The Cap Rate on this investment was a current 4.6% Cap Rate with a value add opportunity.
“The buyers have been looking to acquire more apartment units on the western slope here in Colorado and felt Auburn Ridge was an asset that could meet their investment goals once fixed up and stabilized to market rents.”
For more information on this investment or current market conditions, contact Kevin Calame, Principal | AQYRE Real Estate Advisors, at 720.738.1939 or Kevin@AQYRE.com
Sale Highlights
- 228 Auburn Ridge Ln, Glenwood Springs, CO 81601
- Sold 2.14.2020
- 48 units consisting of 32 – 1bd/1ba, and 16 – 2bd/1ba
- Built in 1979
- Value Add Opportunity
About AQYRE Real Estate Advisors
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity. The not-so-secret to our success is our 50+ years of investment experience in the Denver market and our commitment to collaboration among ourselves and our peers. Sharing our relationships and opportunities with other brokers in our market assures our clients access to the best deals . We aren’t defined by our individual success, we are defined by the success of investors who we are fortunate to call clients.
