7.625 Acres Acquired in West Greeley for Future Apartments

By December 14, 2021Media

7.625 Acres Acquired in West Greeley for Future Apartments

On October 21, 2021, Mountain View (Boomerang Ranch), LLC purchased approximately 7.625 acres of land located at SEC of 10th Street & 80th Avenue in Greeley, Colorado, from Jess Richard Rodriguez, Jr., Daniel Patrick Gallagher, Jr. and Toby A. Bramble.

The site is a prime multifamily development opportunity with 10th Street frontage and its close proximity to amenities, recreation, services, health care and the King Soopers Marketplace grocery anchored retail center to the east.

“This site represents an excellent opportunity for multifamily development in a prime location in west Greeley. The buyer recognized this opportunity and plans to develop apartments on the site at some point in the future. We continue to see robust demand for new apartment units in Greeley, as well as rapidly increasing rental rates over the past approximately 6-8 months. This submarket continues to be very attractive to housing developers, particularly multifamily developers, and I expect that to continue for the foreseeable future,” said Jake Hallauer, President of NAI Affinity.

About NAI Affinity

Affinity Real Estate Partners’ is a family of companies. NAI Affinity, a Northern Colorado based commercial real estate brokerage firm, is the first arm. Affinity Partners, LLC, a real estate investment and development company, is the second. As a Northern Colorado real estate brokerage firm, we provide focused and expert commercial real estate assistance throughout the state. Including cities like Fort Collins, Timnath, Loveland, Windsor, Johnstown/Milliken, Berthoud, Greeley/Evans, the North Front Range, and select Denver-Metropolitan areas.

Additionally, we are a full-service real estate brokerage firm in Northern Colorado offering a wide range of commercial property services including commercial brokeragereal estate consulting, and investment and development. Furthermore, our real estate brokerage firm has decades of experience in CRE with various property types, transaction structures, and municipalities. Our clients have the opportunity to leverage this experience to maximize their results and outcomes.