Lakewood, CO – December 21, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1690 Teller St, located in Lakewood, CO.
Senior Advisor Hunter Schaefer (NorthPeak Commercial Advisor) represented the seller and buyer in this transaction.
“This was a win-win transaction that we were happy to deliver off market. The Seller was excited to cash out at record prices after long term ownership and was motivated by upcoming changes to capital gains tax. The Buyer was in a 1031 exchange and happy to grow his portfolio in the Denver market.”
-Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: December 21, 2021
- Property Name: 1690 Teller St
- Address: 1690 Teller St, Lakewood, CO 80214
- Sale Price: $2,000,000
- Number of Units: 8 ($250,000/Unit)
- Property SF: 5,055 SF ($396/SF)
- Cap Rate: 4.8%
