Denver, CO – October 26, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 3010-3050 Gray St. & 5851-5855 W 30th Ave., Wheat Ridge, CO, 80214.
Matt Lewallen and Kevin Calame of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“Despite significant headwinds with lending, we were able to get this done, though it took all hands on deck. The seller was looking to take effort and management off of his plate as a step towards retirement, while the buyer is very excited about breathing new life into the asset and providing excellent living in nice quiet corner of Wheat Ridge.”
– Matt Lewallen, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at 303-210-1623 or Matt@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 3010-3050 Gray St. & 5851-5855 W 30th Ave., Wheat Ridge, CO, 80214
- Sale Price: $2,220,000
- Closed Date: October 12, 2023
- Property Size: 10,401 SF ($213/SF)
- Total Units: 12 ($185,000/Unit)
- Cap Rate: 5.3%
- Property Type: Multifamily
