Denver, CO – September 1, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of located at 55-65 W Alameda Ave., Denver, CO 80223.
David Barocas of NorthPeak Commercial Advisors represented the buyer in this transaction.
“The Buyer saw an opportunity to purchase a stabilized, cash flowing asset in a core Denver location with long term development potential. The Buyer plans to work through the entitlement process with the city to eventually redevelopment into a for sale townhome project.”
– David Barocas, 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: 55-65 W Alameda Ave., Denver, CO, 80223
- Sale Price: $1,450,000
- Closed Date: August 30, 2022
- Number of Units: 5 ($290,000/Unit)
- Property Size: 12,033 Land SF ($120/SF)
- Property Type: Multifamily/Office
