Denver, CO – November 19, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1663 N Gilpin St, located in Denver, CO.
Principals Scott Fetter & Joe Hornstein (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“Properties like these are always exciting. A long term owner with a great building, full of vintage character and large units that offer tons of potential is a rare opportunity and we knew our Buyer would love this property. To win the contract we proposed very compelling terms to go with an offer above the Seller’s asking price. Escrow was smooth and we are closing just over a month after going under contract. Our buyer will extensively renovate this building and hold it for the long term and we think he will do very well with this property.” – Scott Fetter, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: October 15, 2021
- Address: 1663 N Gilpin St | Denver, CO 80218
- Sale Price: $1,560,200
- Number of Units: 6 ($260,033/Unit)
- Property SF: 5,240 SF ($298/SF)
- Cap Rate: 4.40%
