Marcus & Millichap Sells 168-Unit Apartment Community in Arvada, CO for $12.5M

ARVADA, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Indian Tree Apartments, (above photo) a 168-unit multi-family community in Arvada. The sales price of $12.5 million represented $74,435 per unit.

Dave Potarf (top left photo) and Dan Woodward (top right 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, Equity Residential. Marcus & Millichap also represented the buyer, Asset Plus Companies.

“With the acquisition of Indian Tree Apartments, the investor has acquired a well-maintained multi-family community in a strong market,” says Potarf.

Located at 7865 Allison Way, the 140,000-square foot apartment community is close to highly rated schools and public transportation.

Indian Tree Apartments features a mix of one- and two-bedroom units. Interior amenities include vaulted ceilings, dishwashers, garbage disposals, cable/satellite TV, mini-blinds, ceiling fans, air conditioning, wood-burning fireplaces in select units and private patio or balconies. Community amenities include a swimming pool, spa and an on-site laundry facility.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716