Colorado Springs –Nexus Commercial Realty, LLC, has closed on the sale of The Gabion, 20-unit building totaling 16,000 square feet for the sale price of $4,626,000, at $231,300 per unit. Robert Gray of Nexus represented the Seller, Gabion LLC, as well as the buyer, Gabion Apartments LLC.
The Gabion was built in 2015. The units consist of higher end finishes and are larger, open concept floorplans. The Gabion consists of 6 one bedrooms, 4 one bedrooms plus a study, and 10 two-bedroom units. The property also has 2 two-bedroom units with an attached garage. The Property has spectacular views of Colorado Springs from all sides as it is positioned on an overlook.
The Gabion is conveniently located at 676 Monument St, on the west side of Colorado Springs and is blocks away from I-25 and Bijou St. As well as a short drive to downtown and Colorado College.
The Buyers plan to raise rents to be in line with market rents for properties of similar condition and build. The Buyers bought the property because they see where Colorado Springs will be going in the future with upside potential for this product.
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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.
