Fort Collins Townhome Community Trades for $390K/Unit
Granite Capital Group offloaded the Enclave Rigden Farm, a 105-unit, townhome-style multifamily property in Fort Collins, for $40.8 million. That comes out to nearly $390,000 a unit. Avanti Residential was the buyer. Robert Bratley, Jack Sanders, Mike Grippi and Pamela Koster of Berkadia Denver led the transaction on behalf of Granite.
The property was 95% occupied at the time of the sale.
Located at 2758 Iowa Drive, the property affords convenient access to Fort Collins MSA. Enclave Rigden Farm was built in 2007 and features 105 townhomes with direct access to car garages and private patios. The townhomes consist of 2- and 3-bedroom units ranging from 1,120 to 1,407 square feet, renting from $2,333 to $2,774.
Fort Collins in home to Colorado State University.
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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