Birge & Held has acquired Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, Colo., for $50.5 million, or $338,926 per unit.
“Centennial Aspen is the city of Aspen’s largest multifamily property and one of the largest in the Roaring Fork Valley,” said Greg Price, senior vice president investments in Marcus & Millichap’s Denver office, which represented the seller.
The 11-building property is located at the base of Smuggler Mountain within a 15-minute walk of Downtown Aspen. Aspen Mountain ski lift is less than a mile away. Aspen/Pitkin County Airport is about a half mile from the property and Snowmass Ski Resort is under 10 miles away. Community amenities include storage, laundry facilities, a playground and assigned parking.