Denver, CO – January 12th, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1115 N Logan St, located in Denver, CO.
Senior Advisors Greg Johnson and Conner Piretti (NorthPeak Commercial Advisors) represented the seller and buyer in this transaction.
The Johnson-Piretti Team at NorthPeak Commercial Advisors is pleased to announce the successful sale of The Dresden Apartments in Denver’s Capitol Hill neighborhood. “Our marketing platform and investor relationships really paid off for our client”, stated NorthPeak’s Greg Johnson. The owner had grown frustrated after several off-market contracts with other brokers failed. Johnson-Piretti agreed to co-list the property with Brownstone Realty and quickly produced multiple offers. The property sold for $225,000 over list price, at a 4.1% Cap Rate.
-Greg Johnson, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or greg@northpeakcre.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: January 12th, 2022
- Property Name: 1115 N Logan St
- Address: 1115 N Logan St
- Sale Price: $5,525,000
- Number of Units: 28 ($197,321/Unit)
- Property SF: 11,820 SF ($467/SF)
- Cap Rate: 4.1%
