Denver, CO – October 29, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of The Alexandria, a 15-unit apartment building located in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors’ Johnson-Piretti Team) represented both the Seller and the Buyer in this transaction.
“1465 Elm is an attractive 1940’s building that offers a mix of one and two-bedroom apartments. The new owner plans significant capital improvements,” NorthPeak’s Greg Johnson commented.
“It will be exciting to see the transformation of the property. The new owners will create a lot of value from this project.” Conner Piretti (NorthPeak) noted that renovations will be done to both the interior and exterior.
For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Address: The Alexandria | 1465 N Elm St, Denver, CO 80220
- Closed Date: October 29, 2021
- Sale Price: $3,050,000
- Number of Units: 15
- Price / Unit: $203,333
- Building Size: 10,541 SF
- Cap Rate: 4.20%
