A 36-unit apartment building in Denver’s Cherry Creek neighborhood has sold for $23 million. The Denver office of real estate firm CBRE arranged the sale by Ready Capital to Epp & Sons, a California-based commercial real estate company. A 36-unit, multifamily building in Denver’s Cherry Creek neighborhood has sold for $23 million, according to the Denver office of the real estate firm CBRE.
Built in 2021, the property features mostly two-bedroom units that average 1,366 square feet. The total square footage is 47,330.Amenities include walk-in closets, balconies, a 24-hour gym, a two-story underground parking garage, a pet spa and 12 electric-vehicle charging stations. The apartment building is just blocks away from the Cherry Creek Shopping Center and the Denver Country Club., a Denver submarket with high-end retail and dining, the office vacancy rate is roughly 8.5%.
The area within a one-mile radius of One19 Cherry Creek has seen a 24% population growth since 2010 and has an average household income of $195,000, CBRE said.New Denver International Airport concourse train cars hit the rails Renck vs. Keeler: If Russell Westbrook replaces Kentavious Caldwell-Pope on the Nuggets roster, is that a win for Calvin Booth? Is it a win for Nuggets fans?