Denver – Nexus Commercial Realty, LLC, has closed on the sale of 8770-8780 Galen Court, a 38-unit, 30,802 sq. ft. building, for the sale price of $4,715,000. Jason Koch of Nexus represented the Seller, 71st & Lowell Apartments LLC.
This asset has an excellent unit mix of 12 one bedroom/1 bathroom and 26 two-bedroom/1-bathroom units. Most of the units have been tastefully updated, while the building itself has new roofs, windows, boilers, and decks along with 54 off-street parking spaces in a re-striped parking lot.
The building has an attractive location on 88th Avenue, just blocks away from the new light rail stop opening in 2019.
The seller plans on weighing their options between potential 1031 investments and simply realizing their gains
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.
