Denver, CO – June 24, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Three Gables and The Pamela Apartments located at 2475-2483 S Vine St., Denver, CO 80210.
Joe Hornstein, Scott Fetter, Kevin Calame, and Matt Lewallen of NorthPeak Commercial Advisors represented the buyer and seller in this transaction.
“The Sellers owned the properties for almost 20 years and decided it was time to sell. The Buyers recognized the opportunity to renovate units post-closing and bring rents up to market rates.”
– Joe Hornstein, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 2475 & 2483 S Vine St., Denver, CO 80210
- Sale Price: $5,808,000
- Closed Date: June 15, 2022
- Number of Units: 24 ($242,000/Unit)
- Property SF: 15,813 SF ($367/SF)
- Property Type: Multifamily
