Denver, CO – November 5, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 404-410 W 12th Ave, a 4-unit apartment building located in Denver, CO.
Senior Advisors Conner Piretti & Greg Johnson (NorthPeak Commercial Advisors’ Johnson-Piretti Team) represented the Seller in this transaction.
The Sellers fully restored this Historic building over 15+ years of ownership and the property attracted multiple offers, resulting in a sale above the list price. The Buyer is excited to own a turn-key property that will cashflow well for him in a wonderful location.” – 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: 404-410 W 12th Ave, Denver, CO 80204
- Closed Date: November 5, 2021
- Sale Price: $1,360,000
- Number of Units: 4
- Price / Unit: $340,000
- Building Size: 2,783 SF
- Cap Rate: 5.10%
