GRS Group recently provided multiple transaction services on the acquisition of Cheesman Park Apartments in Denver, CO. Located at 1177 Race Street—directly on Cheesman Park—the property sold for $30M to an undisclosed investor.

Family-owned for the past 42 years, this iconic property caught the attention of many investors—both locally, and nationwide. Multiple offers were received. The 88-unit property sold for $340,909 per unit and boasts large units with balconies, two stories of parking and abundant tenant amenities including a rooftop deck with unparalleled views of the city.

GRS Group services included PCA, Phase I, Radon, Survey, roofing inspection, and zoning. GRS Group senior vice president, Jeff Coyne, spearheaded the services package.