Denver Commercial Real Estate|Estates at Mira Vista Acquired for $30.15 million
A well-known national buyer acquired its first metro Denver commercial property with its purchase of The Estates at Mira Vista this past week.
Summit Management based in Ohio paid $30.15 million, or $125,625 per unit, for the 240-unit luxury community located at 10000 E. Alameda Ave. in Denver.
According to our research there was lots of interest in this property from both institutional and private equity buyers and a private equity buyer won the bidding war on this property. This is a significant purchase in the current Denver commercial real estate environment.
Tom Reed and Bill Brown are local authors and real estate experts of Legacy Real Estate Brokers Inc. in Denver Colorado. You can visit their website at www.discovercoloradorealestate.com.
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