Denver – Nexus Commercial Realty, LLC, has closed on the sale of The Rosa Gardens at 1389 Lansing Street, 12-unit multifamily property consisting of 8,696 SF for the sale price of $1,388,000. Sean Holamon of Nexus represented the buyer, Corona RJ LLC. This transaction took place off the open market as the buyer was in search of their 1031 exchange replacement property. The buyer was attracted to the job creation in the area and the unit mix of the property.
The unit mix includes 4 two bed units and 8 one bed units, and the property has covered parking. There is a landscaped yard between the two buildings adding additional value for tenants.
Rosa Gardens is conveniently located at the intersection of 14th Avenue and Lansing Street in Aurora, which is near the Colorado Anschutz Medical Campus and new development.
The buyers plan to change the exterior image of the property and make upgrades to the interior of the units then increase rents to market rate.
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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.