Epp Properties Buys One19 Cherry Creek Multifamily For $23M In Denver

The 36-unit One19 Cherry Creek apartment building located at 119 South Harrison Street in Denver, CO, was recently sold by Broadmark Realty Capital to Epp Properties for $23,000,000. This transaction resulted in an average price of nearly $640,000 per unit, with the property spanning 47,300 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Units: 36
• Price Per Unit: $638,889
• Square Footage: 47,300
• Price Per Square Foot: $486
• Address: 119 South Harrison Street, Denver, CO
• Market: Denver, CO
• Seller: Broadmark Realty Capital
• Buyer: Epp Properties
• Brokers: Andy Hellman, Brad Schlafer, Erik Toll & Justin Hunt - CBRE

Broadmark Realty Capital, a subsidiary of Ready Capital, facilitated the sale of the One19 Cherry Creek apartment building. Epp Properties, the buyer in this transaction, sought to expand its real estate portfolio by acquiring this multifamily asset, with the assistance of brokers from CBRE, namely Andy Hellman, Brad Schlafer, Erik Toll, and Justin Hunt.