Capstone has closed the sale of Arcadia Plaza Apartments, a 13,188 SF multifamily property for the sale price of $4,600,000. Pat Knowlton of Capstone represented both the Seller and the Buyer on this transaction.
Arcadia Plaza Apartments offers 26 apartment units consisting of 16 one bed, one bath units, and 10 two bed, one bath units. This property is well-maintained and presents significant value add potential for the next owner.
Arcadia Plaza Apartments is located at 3128 N Arcadia St, on the corner of 4th street and Arcadia Street on the northeast side of Colorado Springs. The property is within minutes to UCCS, dining, retail and shopping located at University Village and Downtown Colorado Springs.
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About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
