Boulder Crossroads Apartments Sold for $55,500,000
Demand for Multifamily Remains at Record Levels
[Denver, CO, Friday, January 29, 2021] – Colliers International Multifamily Advisory Group announced the sale of Boulder Crossroads Apartments for $55,500,000 ($172,360 per unit and $204 per square foot). The undisclosed seller, was represented in the sale by Bill Morkes and Craig Stack of Colliers International. The buyer, Summit Communities, was also procured by Colliers.
Boulder Crossroads is a 322-unit apartment community built in 1970 and located at 7500 Dakin Street, Denver, CO 80221. The property is situated along Highway 36 in the northwest submarket of Denver. The desirable location is a major draw for potential residents seeking proximity to job centers and convenient access to Denver, Boulder and the northern suburbs. The community had undergone some light renovations prior to the sale, including updating the clubhouse and common areas. The buyer plans to continue a strategic value add renovation.
For More Information
Bill Morkes
Senior Vice President | Multifamily Investments
Dir +1 303 283 4583 | Mob +1 303 351 1371
bill.morkes@colliers.com
Craig Stack
Senior Vice President | Multifamily Investments
Dir +1 720 833 4602 | Mob +1 303 931 2274
craig.stack@colliers.com
About Colliers International
Colliers International Denver Multifamily Advisory group specializes in the disposition of multifamily assets in Colorado and the surrounding states – including market rate, affordable, senior, student, and mixed-use assets as well as land suitable for multifamily development.
