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Brixton Pays $43.5M For 114-Unit Denver Apartments
Brixton Capital has purchased a 114-unit multifamily community south of the Denver metro area that was recently sold for $43.5 million, about $380,000 a unit. CBRE facilitated $25.4 million in acquisition financing for Brixton Capital to purchase the Parkside at Littleton Village at 300 East Freemont Place in Littleton, Colo. Grand Peaks was the seller.
Scott Peterson, Mark McGovern, Brian Cruz and Colby Matzke, with CBRE Capital Markets’ Debt and Structured Finance team in San Diego, secured the five-year, interest-only, non-recourse loan with a national Life Insurance Company.
Parkside at Littleton Village was built in 2022. It has a 24-hour fitness center, a game room and controlled entry. Brixton plans to rebrand the property.
The units come in five floor plans, ranging in size from 933 to 1,531 square feet. The average unit size is approximately 1,215 square feet. Rent runs $2,115 to $3,232.
- ◦Sale/Acquisition
