Denver, CO – November 15, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 960 Pearl St., Denver, CO 80203.
Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“We are excited to have facilitated this transaction between the buyer and seller. The sellers invested significant time and resources into renovating and transforming this property into a fully turnkey asset, ideally situated in a prime area of central Denver. After seven years of ownership, they decided it was the right moment to reinvest their equity into other ventures. The buyer recognized this as a fantastic opportunity to acquire a trophy asset in a top-tier location, offering solid returns today with strong potential for future growth.”
– Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at (303) 263-6260 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 960 Pearl St., Denver, CO 80203
- Sale Price: $3,475,000
- Close Date: November 14, 2024
- Total Units: 16 ($217,188/Unit)
- Property Size: 7,607 SF ($457/SF)
- Cap Rate: 5.5%
- Property Type: Multifamily
