Nine-story apartment building in Cap Hill sells for $17M

The building at 990 Logan St. in Denver sold for $16.8 million. (Courtesy Unique Properties)

Denver apartment owner RedPeak has purchased a nine-story building in Capitol Hill.

The company paid $16.8 million last week for 990 Logan St., according to county records. The building has 66 units, making the deal worth about $254,000 a unit.

The building dates to 1970. It sits on a half-acre lot.

The seller, Safari Club Apartments LP — formerly Milton Lachman Denver Associates — had owned the building for decades, according to records. Marc Lippitt, Scott Shwayder and Justin Herman of Unique Properties represented the seller.

Capitol Hill is one of the central Denver neighborhoods that RedPeak loves. The company’s nearby holdings include the buildings at 960 and 1000 Grant St.

In February, the company paid $39 million for a portfolio consisting of six buildings spanning from West Wash Park to Cheesman Park. It followed that up with the $26.75 million purchase of 142 units in Glendale.

With its latest acquisition, RedPeak now owns about 2,850 apartments in Denver and Glendale.

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