Denver, CO – April 5, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1580 N Pennsylvania St in Denver, CO.
Advisor Hunter Schaefer (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“We were able to put this deal together through key relationships and help the Buyer find a trophy asset in a market with very little inventory. There is a sizable lot included which brings future development opportunity, but for now the Buyer plans to hold as is.” – Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at (925) 989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Sold Date: April 5, 2021
- Property Type: Multifamily
- Address: 1580 N Pennsylvania St | Denver, CO 80203,
- Number of Units: 17
- Property SF: 8,057 SF
- Sale Price: $3,450,000
- Price Per Unit: $202,941
- Price Per SF: $428
- Cap Rate: 4.71%
