AURORA, CO—Inland Private Capital Corporation has concluded the sale of the 263-unit Canyons at Saddle Rock apartments for a gross sale price of $56.75 million. IPCC, through its subsidiary which serves as asset manager, facilitated the sale of the property on behalf of one of its 1031 investment programs.
The 277,373-square-foot property is located at 6850 Versailles Way, just north of E-470 in Aurora, the third largest city in Colorado. The class A, garden-style, multifamily residential complex includes 17 two-story and three-story apartment buildings and a clubhouse building with a swimming pool, fitness center, billiards room and a business center.
Constructed in 2008, the residential buildings are comprised of 134 one-bedroom, 94 two-bedroom and 35 three-bedroom apartments. The apartments average 1,054 square feet of livable space and include full-size washers and dryers. Select units feature premium amenities including gourmet kitchens, fireplaces and attached garages.
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