California investment firm buys apartments near UNC for $12.9M
GREELEY — A California investment firm has purchased the Bears Village Apartment complex near the University of Northern Colorado campus for $12.9 million.
Novato, California-based Black Point Capital LP purchased the seven-building, 98-unit complex apartments located just north of Jackson Field on the UNC campus from Windsor-based SC Rentals, according to a press release from broker Unique Properties Inc. The deal amounts to $131,632.65 per unit and $193.58 per square foot.
Weld County assessors last valued the property at $8.1 million, according to property-transfer records. UNC previously owned the apartments, but sold it to SC Rentals in 2017 for $7.1 million.
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GREELEY — A California investment firm has purchased the Bears Village Apartment complex near the University of Northern Colorado campus for $12.9 million.
Novato, California-based Black Point Capital LP purchased the seven-building, 98-unit complex apartments located just north of Jackson Field on the UNC campus from Windsor-based SC Rentals, according to a press release from broker Unique Properties Inc. The deal amounts to $131,632.65 per unit and $193.58 per square foot.
Weld County assessors last valued the property at $8.1 million, according to property-transfer records. UNC previously owned the apartments, but sold it to SC Rentals…
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