Denver, CO – March 27, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1888 S Garfield St., Denver, CO 80210.
Greg Johnson, Conner Piretti, and Austin Bengford of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“The Johnson-Piretti team was thrilled to work with both the buyer and seller on a very smooth transaction. The Sellers, who have self-managed the building throughout their ownership, have asked us to help them executed a 1031 exchange into a more passive NNN investment as they plan for retirement. Meanwhile, the buyers are excited to acquire a stable and well cared for asset as they continue to grow their real estate portfolio.”
– Austin Bengford, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1888 S Garfield St., Denver, CO 80210
- Sale Price: $1,300,000
- Closed Date: March 26, 2024
- Total Units: 4 ($325,000/Unit)
- Property Size: 3,288 SF ($395/SF)
- Current Cap Rate: 5.1%
- Property Type: Multifamily
