Denver, CO – November 1, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 3411-3425 W 38th Ave, located at Denver, CO 80211 in Denver, CO.
Advisor David Barocas (NorthPeak Commercial Advisors) represented both parties in this transaction.
“The Sellers owned these two adjacent properties for 30+ years and were able to take advantage of an extremely hot Sellers’ market. The Buyer, who was in a 1031 exchange, jumped at the opportunity to purchase these two stable cash flowing assets off market and is planning to redevelop the site in the near future.” – 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(s): Multifamily | Storefront Retail/Office
- Closed Date: November 1, 2021
- Address: 3411-3425 W 38th Ave, Denver, CO 80211
- Sale Price: $1,810,000
- Zoning U-MS-3
- Property SF: 12,500 SF ($145/SF)
- Cap Rate: 5.00%
