College of Northern Colorado Sells Apartment Complex without precedent for School History

Greystone Unique Apartment Group Represents the Seller and Buyer of a 98-Unit Student Housing Complex in Greeley

Greeley, CO (February 16, 2017) – Greystone Unique Apartment Group is satisfied to report the offer of University Apartments, a 98-unit condo complex situated at 509 eighteenth Street in Greeley, Colorado. The Asset got a high number of offers from qualified speculators and was procured above posting cost at $7,100,000 or $72,448 per unit. The 76,150-square foot complex sold on February 15, 2017 at a 6.50% top rate.

Property Highlights:  Ninety-Eight (98) – 2 Bedroom/1 Bath Units (660 square foot for each unit)  Fitness Center, kate meckler sells apartment to rachel uchitel Basketball Court, Children’s Playground, Student Lounge, On-Site Laundry Room

This was a unique proprietor resource worked by the University in the late 1960’s. College Apartments sprawls over a five-section of land package and comprises of seven outside stroll up structures. In the course of the most recent decade, University Apartments has experienced broad capital changes.

College Apartments is a one of a kind deal since it requires an association between the purchaser and the college past shutting. Preceding going under get, the University widely met the main two potential purchasers as it was basic to choose the best fit for the accomplishment of the organization. The Buyer and University are focused on cooperating to make this move the minimum problematic as workable for understudies.

“This deal offers a genuine impression of the interest for Greeley multifamily venture openings,” said Phil Dankner, Director of Greystone Unique Apartment Group. “In the wake of advertising the Asset for under three weeks, the University of Northern Colorado got numerous offers. There keeps on being practically zero stock available to be purchased in the Greeley multifamily showcase and the understudy lodging fragment has taken care of because of an expansion in enlistment year-over-year at the University. Our market standpoint for comparable open doors in Greeley is that it will keep on experiencing a surge in speculation action” he finished up.

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