Denver, CO – May 12, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 6464 W 13th Ave, Lakewood CO 80214.
Joe Hornstein and Scott Fetter, Principals at NorthPeak Commercial Advisors, represented the buyer and seller on this transaction.
“This 12-unit building sits on a great lot, adjacent to the Light Rail, in-between W. Colfax and Lakewood Country Club. The units are all 2bd/1ba, are separately metered for gas and electric, and have washer/dryer hookups in every unit. The Seller is in the lending business and quickly realized that rising interest rates would have a very real impact on the value of his property.
We secured an experienced buyer who proposed some non-refundable earnest money at contract signing and the deal was very smooth from there. The Seller is now in the process of doing a 1031 Exchange into some properties outside of Colorado and the Buyer will begin renovations to improve the property and achieve stronger returns.”
– Scott Fetter, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 6464 W 13th Ave, Lakewood CO 80214
- Sale Price: $2,500,000
- Closed Date: May 5, 2022
- Number of Units: 12
- Property Size: 9,110 SF ($274/SF)
- Property Type: Multifamily
