Denver, CO – June 21, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1674 Monroe Street, located in Denver, CO.
Senior Advisors Conner Piretti & Greg Johnson (NorthPeak Commercial Advisors) represented the Seller in this transaction.
“The Sellers capitalized on a very strong Central Denver market after 30 years of ownership and self-management. The Buyer was attracted to the great location by City Park and plans to hold this trophy asset long term while making cosmetic updates to increase rents and overall value. – Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Sold Date: June 21, 2021
- Property Type: Multifamily
- Address: 1674 Monroe Street | Denver, CO 80206,
- Number of Units: 7
- Property SF: 8,250 SF
- Sale Price: $2,435,000
- Price Per Unit: $347,857
- Price Per SF: $295
- Cap Rate: 4.70%
