COLORADO SPRINGS, CO—Capstone has closed the sale of The Gardens at Hidden Creek, a 79,143 SF multifamily property for the sale price of $17,500,000. Adam Riddle of Capstone represented the Seller and Patrick Knowlton of Capstone represented the Buyer.
The Gardens at Hidden Creek is located at 1111-1123 Verde Drive, in Colorado Springs. The property is 125 units, and consists of 19 studios, 82 one bed/one bath units, 23 two bed/one bath units, and 1 three bed/one bath units. The property offers great on-site amenities including a pool, cybercafé, picnic area and fitness center. The property is being delivered with a brand-new BBQ area and Clubhouse remodel as well.
The Gardens at Hidden Creek received several off market offers and the Capstone team delivered the highest offer with the most aggressive terms to the sellers.
The Gardens at Hidden Creek is conveniently located on the corner of Verde Drive and Capulin Drive. The property is within walking distance to dining and retail locations & is minutes from Highway 24 and Memorial Park.