The complex, located at 5190 Vista Ridge Point, is 97% occupied.It has sold for more than 95% of the asking advice, David Potarf, aMarcus & Millichap broker, tells GlobeSt.com. He is one of twowho negotiated the deal after two other national real estate firmsreportedly had been unsuccessful despite a year-long search for abuyer. Potarf says they had identified a buyer within a week ofgetting the listing.

"A lot of it came down to relationships with potential buyers,"Potarf says. "My buyer bought quite a few apartments from us in thepast. There had been some vacancies in the past, but it was almostcompletely occupied by the time we sold it. A lot of it comes downto timing."

He says the property is ideally positioned for the currentdevelopment in Colorado Springs since a considerable portion of thearea's economic growth and new jobs are occurring near SunsetRidge.