Westminster, CO – December 14, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 4160 W 74th Ave in Westminster, CO.
Principals Kevin Calame and Matt Lewallen (NorthPeak Commercial Advisors) facilitated both seller and buyer in this transaction.
“Seller has enjoyed the performance of this asset over the years but felt this was a good time to sell due to rising market values. The buyer, who is an experienced investor, saw the opportunity to do some minor improvements and raise rents to market.” – Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Investment Type: Multifamily
- Closed Date: December 14, 2021
- Address: 4160 W 74th Ave, Westminster, CO 80030
- Sale Price: $1,665,000
- Total Number of Units: 8 ($208,125/Unit)
- Total Building SF: 6,966 SF ($239/SF)
- Cap Rate: 5.3%
