Uptown Broadway Apartments in Boulder, CO Sold for $22.85M

BOULDER, CO – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Uptown Broadway, (top right photo) a 116-unit apartment community in Boulder.

The sales price of $22.85 million represented $226 per square foot or $196,983, a record per unit price for Boulder, and one of only five deals that have sold for more than $225 per square foot in the Denver metro area during the last two years.

Dave Potarf and Dan Woodward, 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 and the buyer.

“Uptown Broadway was an excellent opportunity for the investor to acquire a recently constructed apartment community with condo conversion potential,” says Woodward.

Located at 4590 13th St., the 100,940-square foot apartment community consists of 10 three-story buildings with 15 unique floor plans, including one- and two-bedroom flats, townhomes and lofts, situated on 2.43 acres.

The property also features two underground parking garages. Built in 2005, Uptown Broadway is a multi-family community totaling 148 apartment units of which 32 are affordable housing and not part of the offering. There are also 41 for-sale lofts and 55 for-sale flats and live/work units.

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