Broomfield Rental Asset Acquired for $85M
Four Peaks Multifamily Partners has picked up a 297-unit apartment building in Broomfield for $85 million. The Harvest Station Apartments, at 11775 Wadsworth Blvd., was sold by Hamilton Zanze. The Denver Business Journal reports the company purchased the property for $67.2 million in 2016.
The apartments, built in 2014, feature a mix of one-, two- and three-bedroom units with floor plans that go up to 1,500 square feet. Some of the units include attached garages and private patios.
Amenities include a clubhouse, a business center, a fitness center, a pet park, swimming pool and spa.
Walker & Dunlop’s brokers David Potarf, Dan Woodward, Matt Barnett and Jake Young worked on the Harvest Station Apartments deal.
FPM Partners owns another multifamily development in Fort Collins, the Peaks on Drake.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout