Denver, CO – October 22, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 5525-5535 E Yale Ave in Denver, CO.
Advisor Hunter Schaefer (NorthPeak Commercial Advisors) represented the Buyer and Principals Matt Lewallen and Kevin Calame (NorthPeak Commercial Advisors) represented the Seller in this transaction.
“This deal closed $130,000 over asking with attractive terms including large earnest money deposit, shortened due diligence timeline, and multiple options for Seller to extend. The Seller was pleased to realize a massive profit after 20 years of ownership and plans to 1031 exchange. This property has significant value-add upside that the Buyer is excited to realize.” – Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Investment Type: Multifamily
- Closed Date: October 22, 2021
- Addresses: 5525-5535 E Yale Ave | Denver, CO 80222
- Sale Price: $2,300,000
- Total Number of Units: 12 ($191,667/Unit)
- Total Building SF: 8,124 SF ($283/SF)
- Cap Rate: 4.00%
