Denver, CO – August 5, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of located at 2365 Emporia St., Aurora, CO 80010.
David Barocas of NorthPeak Commercial Advisors represented the seller while Keith Hardy, Scott Fetter and Joe Hornstein of NorthPeak Commercial Advisors represented the buyer.
“Through in house collaboration, we were able to successfully close this transaction off market. Our team recently worked with the Buyer to purchase the property next door and, with the Seller considering a sale as well, it made perfect sense for the Buyer to step in and purchase this asset to assemble a larger foothold next to the popular Stanley Marketplace.”
– David Barocas, NorthPeak Commercial Advisors.
“It took a team effort to get this one closed due to the recent volatility in capital markets. Ultimately, we were able to navigate through the chaos and deliver for our clients who plan to implement their value-add program and continue pushing rents in a rapidly improving submarket.”
– Keith Hardy, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact David Barocas at 303-669-2475 or David@NorthPeakCRE.com
SALE HIGHLIGHTS
- Address: 2365 Emporia St., Aurora, CO 80010
- Sale Price: $2,100,000
- Closed Date: August 5, 2022
- Number of Units: 12 ($175,000/Unit)
- Property Size: 8,424 SF ($249/SF)
- Property Type: Multifamily
