California Buyer Makes First Purchase in Colorado
Denver, CO, Wednesday, August 26, 2020 – Colliers International Multifamily Advisory Group announced the sale of The View at North Peak Apartments for $38,000,000 at 288-units resulting in pricing of $131,944 per unit and $203 per square foot.
The buyer, Trion Properties, bested multiple offers from in and out of state buyers to make their first Colorado acquisition. The seller, a New York-based investment real estate company was represented in the sale by Bill Morkes and Craig Stack of Colliers International.
The View at North Peak was built in 1970 and is located at 10701 Pecos Street in Northglenn, Colorado. The property is tucked away in a quaint residential neighborhood, backing to the popular Northwest Open Space Park, offering residents an attractive amenity. The seller had completed significant upgrades to the property including new windows, sliding glass doors, common area improvements and some interior unit upgrades. The buyer plans to continue improving the property with additional interior and exterior improvements.