Denver, CO – June 23, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of 1135-1139 Lipan St., Denver, CO 80204.
Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the seller in this transaction.
“We had this property listed for six months but ultimately decided to take it off the market, as we weren’t receiving offers at a price the seller was willing to accept. A few months later, however, an agent brought back a buyer who had shown interest earlier during the marketing period. The buyer was in a 1031 exchange and felt this property was a strong fit for their needs. The sellers were able to secure a price that worked for them, and the transaction was a positive outcome for all parties involved.”
-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: 1135-1139 Lipan St., Denver, CO 80204
- Sale Price: $1,295,000
- Close Date: June 17, 2025
- Total Units: 6 ($215,833/Unit)
- Property Size: 3,306 SF ($392/SF)
- Current Cap Rate: 5.61%
- Property Type: Multifamily
