Just Sold: 41-Unit Multifamily Property in Denver Sells for $12.8M

Denver, CO – July 25, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 2920 W 32nd Ave., Denver, CO 80211

Kevin Calame, and Matt Lewallen of NorthPeak Commercial Advisors represented the buyer and seller in this transaction.

“Despite the tumults of the market, we were able to bring this property to a smooth closing. Many factors were changing as the transaction unfolded, but significant diligence coupled with parties who were easy to work with, helped smooth all bumps in the road. The seller was happy to hand over another completed project to the buyer, who will continue to operate it and take advantage of all the promise the neighborhood offers.”

Matt Lewallen, 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

  • Address: 2920 W 32nd Ave., Denver, CO 80211
  • Sale Price: $12,885,000
  • Closed Date: July 22, 2022
  • Units: 41 ($314,268/Unit)
  • Property Size: 27,932 SF ($641/SF)
  • Property Type: Multifamily