The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 3, 2023
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Apartment Property in Denver’s Uptown Neighborhood Goes for $8.4 Mil


Uptown Terrace, a 34-unit apartment community in downtown Denver’s Uptown neighborhood, traded hands in an $8.4 mil ($247k/unit) deal. The asset was purchased by Quantum Capital, as part of a 1031 exchange using out-of-state exchange funds from a trust based in Florida.

Photo: Mediamax Inc
Photo: Mediamax Inc
The property has two, two-story buildings with one-bedroom floorplans averaging 515 sf. The buildings were originally constructed in 1927. Historic aspects of the design include a full brick exterior, hardwood floors, molding, transom windows and arched doorways. Prior to the sale, the seller invested in a renovation campaign that that included new paint, landscaping, and signage, and an upgrade of the gated courtyard area to add an outdoor kitchen and patio.

Located at 230-240 East 19th Ave, Uptown Terrace is less than three blocks from Denver’s Central Business District and is within walking distance of Capitol Hill, Restaurant Row and the Ballpark District. The location is five blocks from three light rail lines.

Erik Toll, Andy Hellman, Justin Hunt, Brad Schlafer and Jessica Graham with CBRE’s multifamily investment properties team in Denver represented the seller, Cohen Rojas Capital Partners. According to Toll, the deal traded at an in-place 2.7% cap rate.

Return to the Archive 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 © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media