Denver, CO – July 1, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1044 Marion Street, a 6-unit apartment building located in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors) represented the Seller in this transaction.
“This sale demonstrates just how strong the Seller’s Market is right now. We went under contract within 72 hours,” noted NorthPeak’s Conner Piretti. “We sold this property over the list price and well over the appraised value,” added Greg Johnson.
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Address: 1044 Marion Street | Denver, CO 80218
- Closed Date: July 1, 2021
- Sale Price: $1,500,000
- Number of Units: 6
- Price / Unit: $250,000
- Building Size: 4,000 SF
- Price / SF: $375
- Cap Rate: 4.30%
