Cottonwood Creek Apartment Partnership, LLC Acquires Multifamily Property In Colorado Springs

The Cottonwood Creek Apartments, a 24-unit multifamily community located at 1419-1431 Imperial Road in Colorado Springs, CO, was recently sold for $3.5 million. The property, constructed in two phases in 1978 and 1983, primarily features two-bedroom units with amenities like wood-burning fireplaces and private balconies. Situated in Northeast Colorado Springs, the property is conveniently positioned near major employment and retail hubs.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Units: 24
• Price per Unit: $145,833
• Address: 1419-1431 Imperial Road
• Market: Colorado Springs, CO
• Buyer: Cottonwood Creek Apartment Partnership, LLC
• Seller: Cottonwood Creek Apartments LLC
• Brokers: Kellen Dick, Kevin McKenna & Willy Holliday - CBRE

The sale of the Cottonwood Creek Apartments was facilitated by the brokerage team at CBRE, comprising Kellen Dick, Kevin McKenna, and Willy Holliday. Both the buyer, Cottonwood Creek Apartment Partnership, LLC, and the seller, Cottonwood Creek Apartments LLC, were represented by this experienced group of brokers in the multifamily property transaction.