Nexus Commercial Realty, LLC, has closed on the sale of University Park in Fort Collins, a 20,460-SF multifamily property for the sale price of $4,600,000. Sean Holamon of Nexus represented the Seller, Brandon Kaufman & Nik MacCarter of Nexus represented the buyer.
The property consists of 24 units with a unit mix of three 4-bedroom units, fifteen 3-bedroom units, three 2-bedroom units, and three 1-bedroom units.
The University Park apartments are conveniently located on the corner of West Vine Drive and North Shields Street, adjacent to Freedom Square Park at 632 N Shields. The buildings are also located a mile from the streets of Downtown Fort Collins and the Old Town Historic District, lined with restaurants and retail.
The Buyer plans on implementing significant interior renovations, in addition to utilizing the property’s large outdoor greenspace by adding amenities such as a gazebo and barbeque area. The Buyer plans to reposition the asset to target a tenant base of families and business professionals.
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.
