Ron Spraggins, founder and CEO of Colorado Springs-based Commonwealth, announced this week its closing on the Class A Landings at Eagleridge apartment complex in north Pueblo. The sale price was $28 million.
The gated property sold to an individual, “not an institution like most large complexes, so the complex will stay in a family ownership, which is always attractive to tenants,” according to a news release sent by Ron Spraggins of Commonwealth. Ron, Shane and Ryan Spraggins represented both buyer and seller.
The Spraggins Team represented both the buyer and the seller, according to a news release.
The complex was constructed and owned by H.E. Whitlock and built in two phases. Phase I was completed in 2002 and included 140 units, the release stated, while Phase II was completed in 2008 and included 96 units.
The unit mix includes 84 one bedroom, one bath; 112 two bedroom, two bath; and 40 three bedroom; two bath apartments.
Sizes of the one-bedroom units range from 803-816 square feet; two-bedroom apartments range from 1,079-1,102 and the three-bedroom units range from 1,217-1,273 square feet. There are also 124 enclosed garages.
The complex includes a lighted, full basketball court, lighted tennis courts, a volleyball court, swimming pool, hot tub, fitness center, business center, movie theater and clubhouse.