The seller is Homburg Holdings Inc. of Colorado Springs.
According to public records examined by GlobeSt.com, Homburg paid $1.65 million for the community in 1989. The 57,276-sf project consists of five buildings. Four were built in 1981 and one built in 1991, says Frank Farell, a broker with the Denver office of Hendricks & Partners, which handled the sale.
The community was assessed at $3.652 million, according to country records, so the sales price reflects about a 35% premium over assessed value.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
