''At $41,875 per unit, this sale is indicative of a demand forapartment buildings in the Denver area,'' says Jerry Thompson, abroker with Coldwell Banker Commercial Spectrum, who is handling."Record prices are being paid by buyers and rents are increasingfor apartment units due to the vacancy rate staying right around5%.''

The Bella Vista Apartments, 1101 W. 69th Ave., were built in1972. According to county records, the property is selling foralmost double its assessed valuation of $955,521.

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
NOT FOR REPRINT

© 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.