Marc Lippitt, Phil Dankner, Justin Herman, Will McCauley & Elliott Polanchyck of Unique Properties Announces the Following Sale: Multifamily Investment Portfolio Sells for $9,009,000 Million in Aurora, CO AURORA, CO
Unique Properties, Inc. / TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the sale of 1377-1397 Laredo Street and 16415 E 14th Place in Aurora, CO 80011. Marc Lippitt, Phil Dankner, Justin Herman, Will McCauley and Elliott Polanchyck were the only brokers involved in the transaction. The property sold for $9,009,000 cash to Seller, which included a new loan on the subject property. The price per square foot was $163.37. The price per unit was $115,500.00.
The buyer, who has purchased multiple deals from Unique Properties, Runt and Bro Laredo, LLC intends to update and renovate the property in order to add value.
The seller JTA Real Properties LLC intends to do a 1031 exchange to Florida.
The financing was through Fannie Mae and despite the challenge of rising interest rates Craig Branton of Greystone was instrumental in helping facilitate the closing timely.
With the rising price of insurance in Colorado, and the systemic exodus of insurance carriers out of our state, finding acceptable insurance became difficult, Dustin Nichols of Lakeside Insurance was able to get the job done.
“I am excited to add the properties at Laredo & 14th Place to our portfolio of multifamily properties. RuntBro continues to focus on providing clean, well-maintained, and affordable housing in the North Aurora submarket. The insurance and lending markets were a challenge in this transaction. A huge thank you to Phil Dankner and his team at Unique for getting this over the finish line. His team always goes above and beyond, and this transaction was no different!” says RuntBro.
The portfolio consisted of three buildings. The buildings unit mix was 69-450 SF 1 bed 1 bath and 9-400 SF Sudio’s 1 bath units.
To schedule an interview with a Unique Properties Broker regarding this transaction, please contact: Katie Guardino at kguardino@uniqueprop.com.
About Unique Properties, Inc. / TCN Worldwide
Unique Properties, Inc. / TCN Worldwide is Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, providing solutions for a full range of property types including office, industrial, retail, land and multifamily. Unique Properties, Inc. provides clients with local know-how on a global scale through our association with TCN Worldwide, an affiliation of independent real estate firms in more than 200 markets with 62 offices in eight countries, throughout in North and South America, Europe, and Asia. The combination of Unique Properties’ global resources, creative solutions, experience, and strong leadership has resulted in production volume locally of over 450 commercial real estate transaction in 2021. We have been operating successfully for over 40 years and are acknowledged as an industry leader, providing services at the caliber of a global leader while maintaining the personal attention of a focused, privately owned firm committed to trust and excellence. For more information about the services provided by Unique Properties, Inc. / TCN Worldwide, please visit uniqueprop.com.