Sierra Parkway Communities Acquires 153-Unit Fox Hill Apartments In Golden Colorado For $32M

The transaction involved the sale of a garden-style community known as Fox Hill Apartments located at 17611 West 16th Avenue in Golden, Colorado. The asset comprises 153 units and transacted for a price of $32,000,000, resulting in a price per unit of $209,150.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: $32,000,000
• Address: 17611 West 16th Avenue
• Market: Golden, CO
• Units: 153
• Price Per Unit: $209,150
• Buyer: Sierra Parkway Communities
• Seller: Monarch Investment & Management Group
• Brokers: Jordan Robbins, Wick Kirby, Alex Possick & Seth Gallman - JLL

This transaction marks the conclusion of nearly three decades of ownership for Monarch Investment & Management Group prior to selling the property to Sierra Parkway Communities.