Denver – Nexus Commercial Realty, LLC, has closed on the sale of Westwind Apartments, a 43-unit apartment complex located at 1935 Carmel Dr., Colorado Springs, CO for the sale price of $3,788,000. Austin Smith of Nexus represented the buyer, MPW Capital, LLC.
Westwind Apartments is a 26,450 square foot multifamily complex that is a mix of studio, 1-bedroom and 2-bedroom units. The property was built in 1966 but has undergone significant capital improvements in the prior few years including updating units, new electrical panels, new windows and a new boiler.
1935 Carmel Dr. is located in Southeastern Colorado Springs near the intersection of Carmel Dr. and Monterey Rd. The property is surrounded by mostly residential neighborhoods and views of the mountains from the second and third levels are unmatched.
The buyer plans to continue to maintain and improve the property during his ownership. He will look to capitalize on the growing Colorado Springs market as well as further renovating units and raising the rental rates.
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About Nexus Commercial Realty, LLC:
Nexus is a full-service firm for the Multi-Family commercial real estate industry in Denver. Our firm specializes in acquisitions, dispositions, seller rep, buyer rep, and advisory services. We provide high caliber services to owners and investors delivered with the focused attention only a privately-owned firm can offer. After operating successfully for over 25 years, our Colorado roots are deep because our market experience in commercial real estate is firsthand. This positions us to help clients reach their business and financial goals while ensuring their best interests are always protected. As a team, we might not appear as your typical brokerage – and that’s by design. Even though we’ve been in the industry for more than two decades, we are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no internal competition because our purpose is aligned. This reduces internal competition and makes us more productive on a per broker/agent basis. We love coming to work every day because we love helping our clients achieve their goals. You might find us in jeans instead of slacks, outside meeting people instead of in our office. We do things differently because we are different.
For more information, please visit www.nexus-cr.com.
