Berthoud, CO – August 11, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 348 Massachusetts Ave in Berthoud, CO.
Advisor David Barocas, along with Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors), represented the Buyer in this transaction.
“The Sellers had owned and self-managed this historic Berthoud property for over 20 years. The Buyer, who was able to purchase this asset for only $97,000 per door, is looking forward to giving the building some new life with an extensive renovation of the entire property.” – David Barocas, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact David Barocas at 303-669-2475 or David@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: August 11, 2021
- Property Name: City Apartments
- Address: 348 Massachusetts Ave, Berthoud, CO 80513
- Sale Price: $970,000
- Number of Units: 10 ($97,000/Unit)
- Property SF: 6,844 SF ($142/SF)
- Cap Rate: 4.67%
