The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 29, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Oakmont Properties Pays Over $300k/Unit for CO Multifamily Asset

5/21/20

Oakmont Properties has purchased Fusion 355, a 286-unit multifamily property in Broomfield, CO, for $90 mil, or around $315k/unit. The asset, located at 355 Eldorado Blvd, was sold by AG Spanos, out of Stockton.

Built in 2019, Fusion 355 consists of a mix of upscale apartments and townhome style units with in-unit washer and dryer, ceiling fans, storage units, vaulted ceilings, and hardwood flooring. The property, which totals 256.4k sf, is a controlled access, smoke-free community with a 24-hour fitness center, yoga studio, dog park, media and game rooms, elevator access, bike storage, heated pool with spa and Baja deck, community garden, 400 parking spaces, and private garages.

Fusion 355 is located in northwest metro Denver at the intersection of Interlocken and Eldorado Blvds, in Broomfield’s Interlocken neighborhood. It was 85% leased at the time of sale.

Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets in Denver represented AG Spanos in the transaction. Marc Ross with CBRE’s Sacramento office, repped Oakmont Properties in the deal, which closed May 13.

“The sale of Fusion 355 is an example of the continued trend of investment capital migrating to Denver from coastal markets in search of slightly higher yields and a stable political and tax environment,” said Woodward. “The buyer was familiar with the high-quality of AG Spanos’ developments in other markets.”




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media