June 9, 2011

Boulder apartments sell for $2.5 million

BOULDER – An 18-unit apartment building at 2955 E. College Ave. in Boulder sold late last month for $2.5 million.

The building, which is 10,091 square feet and was built in 1958, was bought by GAM Real Estate 4 LLC. The seller was a partnership of Bell Advisors LLC, Seno Corp. and The Amended and Restated Brothers Living Trust.

The deal closed May 26.

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The building’s units range in size from studios to three bedroom units, and there were no vacancies.

Unique Properties, a Denver-based brokerage, represented both parties. Marc S. Lippitt, Scott L. Shwayder and Jason Koch represented the sellers, and Kevin Higgins and Ryan Floyd represented the buyers.

The building was last sold in 2007 for $1.96 million, according to the Boulder County Assessor’s Office.

BOULDER – An 18-unit apartment building at 2955 E. College Ave. in Boulder sold late last month for $2.5 million.

The building, which is 10,091 square feet and was built in 1958, was bought by GAM Real Estate 4 LLC. The seller was a partnership of Bell Advisors LLC, Seno Corp. and The Amended and Restated Brothers Living Trust.

The deal closed May 26.

The building’s units range in size from studios to three bedroom units, and there were no vacancies.

Unique Properties, a Denver-based brokerage, represented both parties. Marc S. Lippitt, Scott L. Shwayder and Jason Koch represented the sellers, and Kevin Higgins…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
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