Denver, CO, September 10th, 2020 – AQYRE Real Estate Advisors is pleased to announce the sale of a 19-unit office building, located at 1901 Kipling Street in Lakewood, Colorado for $1,225,000.
“This was a unique value-add opportunity in that there were multiple options to build on the existing property. The buyer was able to drastically increase his cash flow from his previous apartment building.” – Dan Hawthorne
AQYRE Principals Kevin Calame and Matt Lewallen represented the seller while AQYRE Advisors Dan Hawthorne & Jack Sherman represented the buyer.
For more information on this investment or current market conditions, contact Dan Hawthorne at 720-738-1941 or Dan@AQYRE.com.
SALE HIGHLIGHTS
- Address: 1901 Kipling Street, Lakewood, CO 80215
- Price: $1,225,000
- Building Size: 7,854 SF
- Price/SF: $194
- Current Cap: 6.0%
- ProForma Cap: 8.4%• Opportunity to add additional office space
• Newly renovated exterior and interior
• High visibility on Kipling
• Year Built: 1971
• Ample parking
Location
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