Fort Collins Apartment Complex Purchased For Record $74 Million
The Vibe is a luxury apartment complex located at 3707 Le Fever Drive in Fort Collins.
According to the Colorado Real Estate Journal, California-based Buchanan Street Partners purchased the complex for a whopping $74 million — the largest sale price of any apartment complex in Fort Collins history.
The structure sold for $268,116 per unit, also a Fort Collins record.
The Vibe had been listed in 2019 by Terrance Hunt and Shane Ozment of Newmark Knight Frank. They were represented by Milestone Development Group in the sale.
According to Hunt, the property was 91% occupied at the time of the sale. “The over-the-top amenities that Milestone delivered are the most thoughtful and robust package in the Northern Colorado market", Ozment told the Colorado Real Estate Journal.
The Vibe offers everything from beer taps, a coffee shop, yoga studio, sauna and earned a National Green Building Standard Gold certification.
The complex is located within walking distance of approximately 1,200 businesses and 23,500 jobs, according research done by Newmark Knight Frank.