Marcus & Millichap Sells 120-Unit Apartment Community in Fort Collins, CO for $11.3M

DENVER, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Landmark Apartments,(top left photo) a 120-unit apartment community in Fort Collins.

The sales price of $11.3 million represented $94,167 per unit price, a record price for 1980’s vintage property in Fort Collins.

Dave Potarf (bottom left photo) and Dan Woodward (top right photo), both vice president investments and senior directors of Marcus & Millichap’s National Multi Housing Group in Denver, and Jordan Robbins, an investment specialist also in the firm’s Denver office, represented the seller, a Delaware-based company.

Marcus & Millichap also represented the buyer, an Ohio based investor.

“Landmark was an excellent opportunity for the investor to acquire a well performing asset just a block away from the Colorado State University campus,” says Potarf.

Located at 1050 Hobbit St., the property contained 120 units in 12 buildings and was built in 1985.

Press Contact: David Potarf, (303) 328 - 2000