Greeley apartment complex sells for $6.7M
GREELEY — Denver-based Cedarbridge Apartments LLC has acquired a 108-unit apartment complex in Greeley for $6.7 million, or $62,300 per unit.
Cedarbridge bought the Columbine Apartments at 3208 W. Seventh St. from Greeley-based J & J Enterprises Property Management LLC, owned by homebuilder Jeff Demaske.
Columbine Apartments is a garden-style apartment complex minutes from the University of Northern Colorado campus.
Jacob Steele, associate vice president investments, and Nick Steele, senior associate, both in Marcus & Millichap’s Denver office, facilitated the sale, which the real estate company announced Tuesday.
Nick Steele said despite the turmoil in the oil and gas industry, the Greeley rental market…
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