Denver, CO – October 1, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Rosalie Apartments, located at 285 S Jay St in Lakewood, CO.
Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors) represented both parties in this transaction.
“The seller wasn’t highly motivated but was interested in taking advantage of unsolicited offer from 1031 buyer thru our team,” Hornstein said. “It was a great deal for both sides. The seller had recently spent a significant amount of money to update the exterior of the property and there shouldn’t be much work to do in the near term.” – Joe Hornstein, NorthPeak Commercial Advisors
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: October 1, 2021
- Address: Rosalie Apartments | 285 S Jay St, Lakewood, CO 80223
- Sale Price: $8,050,000
- Number of Units: 40 ($201,250/Unit)
- Property SF: 29,176 SF ($276/SF)
- Cap Rate: 5.01%
