Marcus & Millichap

Nick Steele

Overview

Nick Steele is a senior associate with the InterWest Multifamily Group where he helps facilitate the team's platform across Colorado and throughout the Mountain States and Mid-West. Prior to M&M, Nick worked at Apartment Realty Advisors' Phoenix office.

Nick received his BA from the University of Redlands in Redlands, CA and holds an MBA from the University of Colorado Leeds School of Business.
 
Nick also holds real estate licenses in Colorado and Idaho.

Denver
Nick Steele

Nick Steele

Senior Associate
Tel: (303) 328-2058
Fax: (303) 328-2010

License:  CO  FA100016194

Member - National Multi Housing Group

Promoted to Senior Associate in May, 2015

University of Redlands, Bachelor of Arts
University of Colorado Leeds School of Business, Master of Business Administration

National Achievement Award: 2017
Sales Recognition Award: 2017, 2015
Platinum: 2017

Our Team

Nick Steele & Jacob Steele


Team Members:

  • Jacob Steele
    First Vice President Investments
    (303) 328-2000

Transactions Closed

  • Vistas at Jackson Creek

    Vistas at Jackson Creek

    Multifamily

    Monument, CO
    Price: $57,820,990
    Size: 266,046 sqft
    Size: 267 units

  • Sagebrook Apartments

    Sagebrook Apartments

    Multifamily

    Colorado Springs, CO
    Price: $48,750,000
    Size: 288,452 sqft
    Size: 314 units

  • Brooklyn Park Rowhouses

    Brooklyn Park Rowhouses

    Multifamily

    Fort Collins, CO
    Price: $27,815,400
    Size: 124,992 sqft
    Size: 105 units

  • Plaza on Broadway

    Plaza on Broadway

    Multifamily

    Boulder, CO
    Price: $24,771,500
    Size: 50,786 sqft
    Size: 39 units

  • Eastpointe Apartments

    Eastpointe Apartments

    Multifamily

    Boulder, CO
    Size: 121,924 sqft
    Size: 140 units

  • Franklin Flats

    Franklin Flats

    Multifamily

    Greeley, CO
    Price: $15,400,000
    Size: 93,528 sqft
    Size: 108 units

  • Dwell Apartments

    Dwell Apartments

    Multifamily

    Denver, CO
    Price: $12,850,000
    Size: 36,746 sqft
    Size: 53 units

  • Gallery Flats

    Gallery Flats

    Multifamily

    Loveland, CO
    Price: $11,150,000
    Size: 52,200 sqft
    Size: 66 units

  • Mission Palms

    Mission Palms

    Multifamily

    Phoenix, AZ
    Price: $16,000,000
    Size: 103,100 sqft
    Size: 125 units

  • Columbine Apartments

    Columbine Apartments

    Multifamily

    Greeley, CO
    Size: 108,252 sqft
    Size: 108 units

  • Independence Towers

    Independence Towers

    Multifamily

    Independence , MO
    Size: 72,981 sqft
    Size: 123 units

  • Harmony & Strauss

    Harmony & Strauss

    Land - Mixed-Use

    Fort Collins, CO

  • 712 Washington Avenue

    712 Washington Avenue

    Multifamily

    Loveland, CO
    Size: 7,578 sqft
    Size: 06 units

  • 410 Kensington St

    410 Kensington St

    Multifamily

    Longmont, CO
    Size: 4,618 sqft
    Size: 04 units

  • Melchior

    Melchior

    Multifamily

    Littleton, CO
    Price: $900,000
    Size: 4,000 sqft
    Size: 06 units
    Cap Rate: 5.84%

In The News

  • 100-Unit Longmont Apartment Complex Sells For $15M

    Built in 1972, the 100-unit apartment complex is on 5.8 acres at 2201 14th Ave. fronting Hover Street in Longmont. Amenities at the property include a pool, a clubhouse, a playground and grass...

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    Longmont United Hospital sells Le Deauville apartments for $15M, renovations planned

    Longmont's Le Deauville apartments, a 100-unit community near the intersection of 14th Avenue and Hover Street, has a new owner and will be renovated. A group of individual investors represented...

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    Investor group acquires Le Deauville apartments in Longmont

    LONGMONT — A group of local investors has paid $15 million for the Le Deauville apartments in Longmont. The 100-unit apartment complex had been owned by Longmont United Hospital, which is situated...

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  • Alta Community Investments Pays $15.4M For Greeley Apartments

    California-based real estate investment firm Alta Community Investments has purchased Franklin Flats, a 108-unit apartment community in Greeley, for $15.4M. At $142,593, the price per unit is the...

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    North CO Community Changes Hands for $15M

    Alta Community Investments has purchased the 108-unit Franklin Flats in Greeley, Colo., for $15.4 million, or $142,593 per unit. The previous owners, a group of local investors, had acquired the...

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    Jackson Creek Apartment Sell for $57.82M

    Monument’s newest, market-rate apartment property recently sold for $57.82 million. The buyer, a private investment group, paid more than $216,000 per unit for the Vistas at Jackson Creek, a...

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  • Apartment Community Achieves Second Highest Price Per Unit Ever Achieved in Greeley

    Franklin Flats, a 108-unit apartment community in Greeley, has sold for $15.4 million or $142,593 per unit. The price per unit is the second highest price ever achieved for a multifamily property...

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    Franklin Flats Apartments in Greeley sells for $15.4M

    Franklin Flats Apartments, a 108-unit complex in Greeley, has sold for $15.4 million, or $142,593 per unit. The price per unit is the second-highest price for a multifamily property in Greeley and...

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    Monument Apts. Sells for $58 Million

    Vistas at Jackson Creek, an apartment complex in Monument, has sold as part of a 1031 exchange. The 267-unit complex sold for $57 million, or $213,000 per unit, to Kevin Hearne and Scott Hearne,...

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  • Vistas at Jackson Creek sold for $57.8 million

    Vistas at Jackson Creek, a luxury 267-unit apartment complex in Monument, has been acquired for $57.8 million by a private owner, who was also provided with a Housing and Urban Development loan for...

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    Fort Collins buyers invest $57.8 million to purchase Colorado Springs-area apartments

    A Fort Collins group has paid $57.8 million for the Vistas at Jackson Creek apartment complex in northern El Paso County, another sign that skyrocketing rents and a strong multifamily-housing...

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    Colorado Apartments Command $58M

    A private investment entity has acquired Vistas at Jackson Creek, a 267-unit luxury apartment building in Monument, Colo., for $57.8 million. ... “Vistas at Jackson Creek is a high-quality, new...

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  • Gallery Flats Sells For $11.15M

    At 585 North Lincoln Ave., Gallery Flats was built in 2014. The property has a mix of studio, one-, two- and three-bedroom units. Amenities include a rooftop terrace with mountain views, a gas...

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    Greeley apartment community sells in $6.73M transaction

    A 1970s apartment community in Greeley, one of the tightest apartment markets in the state, sold for $6.73 million, or $62,269 per unit. The 108-unit Columbine Apartments is located at 3208 W....

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    InterWest Arranges Sales of Gallery Flats in Northern Colorado

    “Gallery Flats is a great asset. The construction quality and floorplans are terrific,” says Nick Steele, senior associate in Marcus & Millichap’s Denver office. “The property is located in the...

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  • Gallery Flats apartment building in Loveland sells for $11.2M

    LOVELAND — Gallery Flats, a 66-unit apartment building at 585 N. Lincoln Ave. in Loveland, has sold for $11.2 million. ... Nick Steele and Jacob Steele, multifamily investment specialists in Marcus...

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    Apartment Complex in Prime Central Denver Neighborhood Purchased for $12.85 Million

    "Dwell is an incredible asset. It is one of only a handful of fully amenitized properties in the Capital Hill submarket," says Nick Steele, senior associate in Marcus & Millichap's Denver office....

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    Cap Hill apartment building trades hands for $13MM

    For the fourth time in a decade, a Capitol Hill apartment building has swapped owners. An LLC managed by a Boulder doctor paid $12.85 million for the 56-unit Dwell apartment building at 660...

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  • Dwell Apartments in Denver Sells for $12.85M

    A private capital firm has acquired the 53-unit Dwell Apartments in Denver for $12.85 million. The community is located at 600 – 624 N. Pennsylvania St. in the Capitol Hill neighborhood...Jacob and...

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    InterWest Arranges $13M Sale

    Marcus & Millichap secured the sale of Dwell Apartments, a 53-unit community located in Denver. Jacob Steele and Nick Steele worked on behalf of the buyer, a Colorado-based private capital client,...

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    Granite Capital buys Fort Collins apartments for $27.8 million

    Granite Capital Group has acquired a townhome-style apartment community in Fort Collins for $27.8 million. Granite paid a record $264,909 per unit for the 105-unit Brooklyn Park Rowhouses...

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  • Fort Collins apartments sell for record price

    Brooklyn Park Rowhouses near Rigden Farm have been sold for nearly $28 million, or $264,909 per apartment, a Fort Collins record for conventional multifamily properties.

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    Brooklyn Park Rowhouses in Fort Collins sells for $27.8M

    The per-unit price of $264,909 is a record in Northern Colorado for conventional, market-rate multifamily properties, according to Marcus & Millichap (NYSE:MMI), which represented the seller.

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    Granite Capital Group (GCG) has purchased the 105-unit Brooklyn Park Rowhouses, a townhome/apartment complex in Fort Collins, Colorado for $27.8 million.

    Granite Capital Group (GCG), a Santa Barbara, Calif. real estate investment firm with multiple Colorado real estate holdings, has purchased the 105-unit Brooklyn Park Rowhouses, a...

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  • 105-Unit Townhome/Apartment Complex in Fort Collins Acquired for $27.8M

    Located at 2758 Iowa Drive, the property consists of 12, Class A buildings that were built in 2007 and 2008. It is situated on 4.4 manicured acres and features a mix of 2 and 3 bedroom units with 2...

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    Energy Slump Doesn't Bother Greeley Apartments

    Has the turmoil in the oil and gas industry affected the Greeley apartment market? Not at all, Marcus & Millichap's Nick Steele tells us. Greeley's one of the tightest rental markets in Colorado,...

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    108-Unit Multifamily Building Sells in Northern Colorado

    Columbine Apartments trades for $6.7 Million. An individual investor acquired the apartment complex at 3400 West 7th Street in Greeley, CO for $6.725 million, or approximately $62,000 per unit.

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  • Greeley apartment complex sells for $6.7M

    GREELEY — Denver-based Cedarbridge Apartments LLC has acquired a 108-unit apartment complex in Greeley for $6.7 million, or $62,300 per unit.

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    InterWest facilitates the sale of community in energy market

    Marcus & Millichap announced the sale of Columbine Apartments, a 108-unit apartment community located in Greeley, Colo. The asset sold for $6.73 million, which equates to a price per unit of $62,269.

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    Griffis Residential sells Sagebrook Apartment Community for $48.8 million in Colorado Springs

    Griffis Residential, a Denver-based multifamily investment and management firm, announced that it has sold Sagebrook Apartments located in northeast Colorado Springs, Colorado for $48.8 million.

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  • Griffis Residential Gets $48.8M for M-F Community in Colorado Springs

    Denver-based Griffis Residential recently announced the sale of Sagebrook Apartments, a 314-unit Class A residential community in northeast Colorado Springs.

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    Griffis Residential Completes $48.8M Colorado Disposition

    Marcus & Millichap has closed the second-largest single-property apartment transaction in Colorado Springs with the sale of Sagebrook Apartments.

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    Investment Firm Pockets $48.8 Million for Colorado Springs Community

    Griffis Residential, a multifamily real estate investment company headquartered in Greenwood Village, CO, sold the Sagebrook Apartments at 2555 Raywood View in Colorado Springs, CO...

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  • Colorado Springs apartment complex sells for about $50 million

    A Colorado Springs apartment complex sold this week for nearly $50 million, another sign that the local multifamily market remains 
red-hot.

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    Boulder student apartment complex sells for $617,000 per unit

    The Plaza on Broadway student housing complex sold recently for $24.05 million, or nearly $617,000 per apartment unit.

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    Plaza on Broadway Apartments in Boulder Sells for $24M

    BOULDER, COLO. – The 39-unit Plaza on Broadway apartments in Boulder has sold to an unnamed buyer for $24 million.

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  • Plaza On Broadway Sells for $24 Million

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    $24M sale of Boulder complex sets per-unit, per-square-foot records

    A California company has purchased a large student housing complex near the University of Colorado, in what is believed to be the most lucrative per-unit and per-square-foot sale in state history,...

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    Boulder student housing complex sells for record $617K per unit

    Plaza on Broadway, a 39-unit student housing complex in Boulder, has sold for $24.05 million, or $616,667 per unit, a record in Colorado, according to Marcus & Millichap, which brokered the...

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  • Closed: Record Breaking CU-Boulder Student Housing

    Boulder, Colo. — Marcus & Millichap has arranged the sale of Plaza on Broadway, a 39-unit, 152-bed multifamily student housing community in Boulder. The $24.05 million sales price equates to...

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    Sagebrook Apartments in Colorado Springs Sells for $48.75M

    COLORADO SPRINGS, COLO. — Sagebrook Apartments LLC has acquired the 314-unit Sagebrook Apartments in Colorado Springs for $48.75 million. The community is located at 2555 Raywood View. This sale...

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    Eastpointe Apartments in Boulder Sells for $18M

    BOULDER, COLO. – The 140-unit Eastpointe Apartments in Boulder has sold to Apartment Investment and Management Company (AIMCO) for $18 million.

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  • Clear Creek Square Office Building Trades for $7.3M

    Clear Creek Square Office Building Trades for $7.3M

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    Lamar Crossing Slated for Auction Block

    More than three years after developers broke ground on Lamar Crossing, the end is finally in sight for the beleaguered apartment complex. Arvest Bank of Oklahoma, the bank that reclaimed the...

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