Denver, CO – December 16, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 758 N Clarkson St, a 17-unit apartment building located in Denver, CO.
The Johnson-Piretti Team worked with both the Buyer and Seller in this off-market sale.
The Seller was ready to cash in after over 35 years of ownership and was pleased with a straightforward, easy transaction. This is the 4th transaction for the Johnson-Piretti Team with the out of state Buyer who plans a full renovation of the property.
“This was a great fit between a Seller who was looking for a clean deal with surety of Closing, and a proven Buyer who sees long-term growth in the Denver rental market,” stated 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: 758 N Clarkson St, Denver, CO 80218
- Closed Date: December 16, 2021
- Sale Price: $3,600,000
- Number of Units: 17
- Price / Unit: $211,765
- Building Size: 9,329 SF
- Cap Rate: 3.80%
