Saturday, June 28, 2008

Marcus & Millichap Arranges Sale of 165-Unit Apartment Community in Aurora, CO for $12.95M


AURORA, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Tollgate Apartments, a 165-unit multi-family community in Aurora.

The sales price of $12.95 million represented $78,485 per unit.

Dave Potarf (top right photo) and Dan Woodward, (top left photo) both vice president investments and senior directors of Marcus & Millichap’s National Multi Housing Group (NMHG) in Denver, and Jordan Robbins, an investment specialist also in the firm’s Denver office, represented the seller, Baron Properties, and the buyer, Holland Residential.

“Tollgate Apartments was an excellent opportunity for the investor to acquire a well-maintained multi-family community in a strong location, just five minutes from the Fitzsimons Redevelopment, the largest job center in the state,” says Potarf.

Located at 100 Idalia Court, the 149,740-square foot apartment community, built in 1985, consists of nine three-story garden-style buildings.

Press Contact: Stacey Corso, Communications Dept.,
Posted by Alex at 1:02 PM
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