Denver – Nexus Commercial Realty, LLC, has closed on the sale of the Federal Terrace Apartments, a 69-unit multifamily property for the sale price of $8,866,500. Sean Holamon of Nexus represented the Seller, and Jason Koch of Nexus represented the Buyer in the transaction.
The Federal Terrace apartments consist of three buildings totaling 42,149 SF, with 10 two-bedroom units and 59 one-bedroom units. The buildings are three-story exterior walkups with onsite laundry and off-street parking.
The property is located at 3030-3060-3080 South Federal Boulevard, near the intersection of West Dartmouth Avenue and South Federal Boulevard. The apartments are in close proximity to the Loretto Heights Redevelopment Project.
The Buyers are excited to grow their presence along South Federal Blvd as the area continues to improve. Minor cosmetic and mechanical improvements are planned for the property, as well as introducing professional third-party management. The seller is 1031 exchanging into NNN opportunities that are less management-intensive.
Please call or email today to find out how we are different than the average apartment advisors.
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.
