Denver, CO – October 29, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Vitruvius, a 21-unit apartment building located in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors’ Johnson-Piretti Team) represented the Buyer in this transaction.
“The Buyer jumped on this amazing opportunity to own one of the few iconic apartment buildings facing City Park. The building’s Roman design, large apartments and expansive balconies make this a great addition to the Buyer’s portfolio of trophy Denver properties. As the market continues to rise, Vitruvius will outperform surrounding properties and be a wonderful long-term hold for the new owner.” – Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Address: Vitruvius | 1674-1680 Steele St, Denver, CO 80206
- Closed Date: October 29, 2021
- Sale Price: $7,560,000
- Number of Units: 21
- Price / Unit: $360,000
- Building Size: 18,844 SF
- Cap Rate: 4.14%
