Apartments sold in Denver suburb

Price per unit nears $89,000

Marcus & Millichap arranged the sale of the 156-unit Belle Creek Apartments in Henderson, Colo., located approximately 15 miles northeast of Denver. The value of the transaction was approximately $13.9 million. Located at 10754 Belle Creek Blvd., the 117,544 square-foot apartment complex is set on five acres. Built in 2002, the Sec. 42 Low Income Housing Tax Credit property is part of the Belle Creek community, a property designed in the new urbanism style, with a number of retail services, parks and schools. Amenities include a fitness center, playground, sports court, and a barbeque and picnic area. All residents also have access to community amenities including an indoor basketball court, K-8th charter school and business center. Los Angeles-based Belle Creek Apartments LLC purchased the property from MLQ-Mill Two LLC, an out-of-state investment company. Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage operating nationwide. ...

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