West Washington Park apartment building sells for $16.5 million

RedPeak

The five-story structure is Denver-based RedPeak’s third purchase of the year. (Courtesy of Colliers International)

Denver-based real estate firm RedPeak has purchased a 68-unit apartment building in West Washington Park.

The firm paid $16.5 million, or $242,647 a unit, this week for Brittany House Apartments at 77 S. Ogden St., according to county records.

The five-story building, which has studios, and one- and two-bedroom units, dates to 1966, according to records. It sits on a 0.77-acre lot.

Craig Stack and Bill Morkes of Colliers International represented the seller, Ellwood Corp., which acquired the property decades ago from the original developer.

Brittany House is a couple blocks west of the Denver Country Club and across the street from County Club Towers.

Bobby Hutchinson, chief investment officer at RedPeak, said the purchase brings the company to 2,343 residential units in 28 properties in the Denver area.

It’s RedPeak’s fourth deal of 2018. The company paid $46.25 million for a complex near Interstate 25 and Colorado Boulevard in February, then $30 million in April for a 60-unit townhome complex in Platt Park. In July, RedPeak unloaded 1600 Glenarm, a 31-story apartment tower downtown, for $131 million.

RedPeak

The five-story structure is Denver-based RedPeak’s third purchase…

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments