Just Sold: West Wash Park Redevelopment Sells for $120/SF

Denver, CO – February 28, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1014-1016 S Pennsylvania St. located in Denver, CO.

Conner Piretti and Greg Johnson of NorthPeak Commercial Advisors represented the seller and David Barocas of NorthPeak Commercial Advisors represented the buyer in this transaction.

The Buyer jumped at the opportunity to purchase an asset in the West Wash Park neighborhood, closing in just 45 days on the transaction, and is looking forward to breaking ground on a brand-new duplex project this summer.

For more information on this investment or current market conditions, please contact David Barocas at 303-669-2475 or david@northpeakcre.com.

SALE HIGHLIGHTS

  • Property Type: Multifamily, Land
  • Closed Date: February 28, 2022
  • Address: 1014-1016 S Pennsylvania St.
  • Sale Price: $750,000
  • Units: 2 ($375,000/Unit)
  • Property Size: 6,250 SF ($120/SF)