Chuck Sweeney and Frank Farrell of the Denver office of Hendricks & Partners, and Winston Black of the Colorado Springs office of Hendricks, negotiated the transaction.
In another recent deal by Hendricks, the company sold the 41-unit Lampliter at 375 S. Depew St. in Lakewood, a city west of Denver. The sale price was $2.53 million, or $61,617 per unit. The seller was Old Faithful Properties of Englewood, Co. The buyer was Werner Investments LLC of Glendale, Co.
Werner Investments is interested in buying other apartment buildings in the 20 to 100 unit range, says John Laratta, the Hendricks & Partners' broker who handled the transaction.
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