Denver, CO – May 12, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 7030-7038 S. Potomac Street in Centennial, CO.
Principals Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors represented the Buyer in this transaction.
“The Buyer was in a 1031 exchange looking for Industrial Flex opportunities. This property is in a great location near Centennial Airport and rents that are below market. The Buyer plans to improve the operations over the next year or two and hold for cash flow.”
– 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
- Property Type: Office/Industrial
- Address: 7030-7038 S. Potomac Street | Centennial, CO 80112,
- Sale Price: $3,550,000
- Number of Units: 5
- Property SF: 22,950 SF
- Price/SF: $155
- Cap Rate: 5.5%
