Denver, CO – April 18, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 30 N Sherman St, Denver, CO 80203 & 1020 Ogden St., Denver, CO 80218
Conner Piretti and Greg Johnson, Senior Advisors at NorthPeak Commercial Advisors, represented the buyer and seller in this transaction.
“This portfolio transaction was done off-market between a local Buyer who saw the value in these fully renovated properties, and a Seller looking to capitalize on today’s high values in the Central Denver market. The Seller had recently done extensive renovations and stabilized both buildings with top-of-the-market rents. Timing these sales together help create economies of scale that benefitted both parties. We were pleased to help both groups meet their investment goals through this transaction.”
-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
- Address: 30 N Sherman St, Denver, CO 80203 & 1020 Ogden St., Denver, CO 80218
- Sale Price: $7,200,000
- Sale Date: April 1, 2022
- Property Size: 14,531 SF
- Number of Units: 24
- Cap Rate: 4.19%
- Property Type: Multifamily
