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…