Capstone has closed the sale of The Ridge at 285, a 18,000 sq ft multifamily property located in Lakewood, Colorado for the sale price of $5.4 million. Christian Burgdorf & Sean Holamon of Capstone brokered the transaction.
This property consists of twelve townhome-style units, each featuring three bedrooms and two and a half baths. All units have sprawling floorplans with stainless steel appliances, in unit washer & dryer and attached garage. The Ridge at 285 was constructed in 2020 and it provides modern construction standards, energy-efficient features and lower maintenance requirements.
The buyer was able to assume attractive debt that the seller had in place and will have sub 3.5% debt until December of 2025. With this purchase, the buyer will now own 24 townhome units in Lakewood’s Bear Creek Neighborhood.
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
