Capstone has closed the sale of The Gabion Apartments, a 21,806 SF multifamily property for the sale price of $7,100,000. Pat Knowlton of Capstone represented the Seller and Jeff Dimmen of Capstone represented the Buyer.
The Gabion Apartments, located at 676 W Monument St in Colorado Springs, was built in 2015 and consists of 20 new construction style units. The property is located in the highly sought-after westside of Colorado Springs. The Gabion Apartments has enjoyed high demand with current occupancy at 100%, and boasts condo-quality finishes with vast views of Downtown and the Pikes Peak region.
The Gabion Apartments is conveniently located directly off W Monument St and is within minutes to Colorado College, Old Colorado City and Downtown Colorado Springs. The property offers direct access to Highway 24 and Interstate 25.Â
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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.
