Capstone has closed the sale of 359 Warren Avenue in Silverthorne, Colorado, a 13-unit townhome community for the sale price of $5,200,000 ($400,000/ Unit) in an off-market transaction. Sam Bretz and Benton Adams of Caps one represented the Buyer in this transaction.
The property, built in 1998, includes three separate buildings with a total of 13 townhomes that consist of seven 3Br/2Ba units and six 2Br/2Ba units ranging in size from 1,100 to 1,200 square feet.
No deal is easy to get over the finish line in the current market and this transaction was no different Having the right Buyer, that understood the nuances of working with the municipality, became imperative to get the deal closed.
This acquisition of 359 Warren Avenue represents a continued push by the Buyer to expand their portfolio in Colorado’s mountain communities. The Buyer plans to complete extensive exterior and interior renovations to the property that will be a huge benefit to tenants and the community at large.
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.
