Capstone has closed the sale of Westside Station, 15,285 SF multifamily property for the sale price of $5,100,000. Pat Knowlton & Christian Burgdorf of Capstone represented the Seller and the Buyer on this transaction.
The property has 24 total units with a mix of two bed, one bed and studio units. The property has been fully renovated and units feature updated kitchens, bathrooms, and flooring throughout. There is also ample off-street parking for tenants and an on-site BBQ area for tenants.
Westside Station is conveniently located at 25 N 31st St in Colorado Springs, on the corner of N 31st & W Kiowa St. The property is just blocks from several restaurants and retail locations in Old Colorado City and the just a short drive to Manitou Springs.
The buyer successfully completed their 1031 exchange and plans to hold the property for the foreseeable future.
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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.
