Denver Apartment Complex Sells for More Than $3 Million

Denver–Chateau Nicole, LLC has purchased an 80-unit apartment complex in Denver for $3.6 million, approximately $43,902 per unit.GRM Real Estate LLC sold the 56,361-square-foot Villas at Gage Pointe apartment complex. Jeff Johnson and Matt Ritter of Pinnacle Real Estate Advisors LLC represented the seller. Bobby Hutchinson and Joe Hornstein of Pinnacle Real Estate Advisors LLC negotiated on the buyer’s behalf.Built in 1973, the Villas at Gage Pointe consists of five studio apartments and 75 one-bedroom apartments located in seven three-story buildings. The units were renovated in the past two years to include new bathrooms and kitchens.