Denver, CO – September 20, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Baker 6, located at 204 W Ellsworth Ave in Denver, CO.
Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors) represented the Seller and Advisors Dan Hawthorne & Jack Sherman (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“The was the second property sold in a two-property portfolio recently renovated by the Sellers just three doors apart,” Hornstein said. “The buyer is getting a turn-key property in great condition and the sellers were able to capitalize on a strong market.”
Hawthorne added, “It was a pleasure helping the buyer accomplish their overall goal. They had self-managed their last property and were looking to size up into a building that could support a management company. The property is fully renovated in a great location, and therefore will be a great source of passive income.”
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: September 20, 2021
- Address: Baker 6 | 204 W Ellsworth Ave, Denver, CO 80223
- Sale Price: $1,420,000
- Number of Units: 6 ($236,667/Unit)
- Property SF: 2,728 SF ($521/SF)
- Cap Rate: 4.74%
