Multifamily - Sale

Northmarq’s Denver investment sales team secures $65.75 million sale of Village on Cypress in Thornton, Colorado

DENVER, COLORADO (May 10, 2022) – Dave Martin, secured the $65.75 million sale of Village on Cypress. The 220-unit multifamily property (built in 1988) is located at 8901 Colorado Boulevard in Thornton, Colorado. Dave Martin and Brian Mooney of Northmarq’s Denver Investment Sales office represented the seller, Redwood Capital Partners, LLC in the sale.  The buyer, TruAmerica Multifamily, was not represented. 

“Northmarq delivered a unique solution for Redwood Capital Partners in this transaction.  We have worked extensively with Redwood over the years, and hold the relationship in the highest regard,” said Martin. “The Village of Cypress deal presents a demonstrable value-add thesis which TruAmerica will capitalize on to increase its value through upgrades and higher rents.”

From the front door of the property, only 1.4 miles separates The Village on Cypress from two shopping centers. Devonshire Squares is 1.2 miles away and York Plaza is 1.4 miles. The property resides within a 20-minute drive of three different institutions of higher learning, including: Front Range Community College (8.2 miles), Regis University (10.3 miles), and the University of Colorado Denver (11.8 miles). A cluster of five parks, including Rocky Mountain Arsenal National Wildlife Refuge are within 9.2 miles. 

Community amenities include: Pool, fitness center, playground and picnic area. Apartment amenities include: In-unit washer/dryer, fireplace, vaulted ceiling, balcony, and patio. 

Northmarq is an industry-leading capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with an open, flexible structure, enabling our team of seasoned professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of over $30 billion, and loan servicing of nearly $70 billion.