AURORA, CO—Sonoma Resort at Saddle Rock, a604-unit, class A, garden-style, multi-housing community has beensold to a private investor for an undisclosed amount free and clearof existing debt.
HFF marketed the property on behalf of theseller, a joint venture between The Bascom Groupand GE Capital Real Estate. Aurora is an easternDenver suburb.
Sonoma Resort at Saddle Rock was built as two separateproperties in 2001 and 2002 and sits on 19.45acres at 21904 East Ontario Drive. Thenow-combined property is located about 10 minutes east of theDenver Tech Center, one of metro Denver's mainemployment centers and home to the headquarters of seven Fortune500 companies. The 97% occupied property includes 30 two- andthree-story buildings with one-, two- and three-bedroom unitsaveraging 923 square feet each. Community amenities includetwo fitness centers, a business center, two resort-styleclubhouses and pools with a Jacuzzi, an outdoor barbequearea and a playground.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
