Littleton, CO – January 11, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 7345 S Pierce St in Littleton, CO.
Principals Matt Lewallen and Kevin Calame (NorthPeak Commercial Advisors) facilitated both seller and buyer in this transaction.
Sellers have enjoyed this asset and it has operated well, even during Covid but due to compressed interest rates resulting in increased overall value, they decided that now would be a good time to sell and redeploy the equity into a higher producing asset.
-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: Office
- Closed Date: January 11th, 2022
- Address: 7345 S Pierce St Littleton, CO 80128
- Sale Price: $2,300,000
- Total Number of Units: 26 ($88,461/Unit)
- Total Building SF: 13,127 SF ($175/SF)
- Cap Rate: 6.55%
