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5/01/20
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Oakmont Properties recently closed on an institutional-quality multifamily buy in Colorado, paying $90.72 mil for Caliber at Flatirons, a 288-unit ($315k/unit) residential property in Broomfield. The property, located at 13872 Del Corso Way, was sold by The Garrett Companies of Greenwood, Indiana.
Completed in 2019, Caliber at Flatirons offers a mix of one-, two-, and three-bedroom units with 308.5k sf on over 16 acres. With lux resort-style amenities, the property includes a pool, grilling locations, an outdoor fireplace with seating areas, a fitness center and yoga studio. It was 80% leased at the time of sale.
Caliber at Flatirons is located just off U.S. 36 at the Northwest Pkwy exit by the Flatirons Crossing shopping center. It is adjacent to Broomfield’s Del Corso Park with recreation trails that plug into Broomfield’s existing trail system.
Dan Woodward, David Potarf and Matt Barnett with CBRE’s Denver office represented the seller in the deal. Marc Ross and CBRE’s Sacramento multifamily team repped the buyer in its off-market acquisition. Andrew Behrens with CBRE Capital Markets, Debt & Structured Finance, arranged the financing.
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