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Gallery Flats Sells For $11.15M

Gallery Flats Sells For $11.15M
Gallery Flats is in the heart of downtown Loveland.

Brinkman Partners has sold the 66-unit Gallery Flats in Loveland to investors Kevin and Scott Hearne 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 grill and a fire pit. There is also a fitness room and a lounge with a television and kitchenette.

Unit features include nine-foot ceilings, energy-efficient stainless steel appliances, washer-dryers, granite countertops and private balconies. The property offers tenants both covered and uncovered parking.

“Gallery Flats is a great asset,” said Marcus & Millichap Senior Associate Nick Steele, who represented the Hearne brothers. “The construction quality and floor plans are terrific. The property is located in the heart of Loveland’s downtown core just a short walk from restaurants, coffee shops, breweries and retail establishments.”