Denver, CO – December 29, 2020 – AQYRE Real Estate Advisors, LLC is pleased to announce the sale of Powderhorn Apartments in Denver, CO.
Principals Joe Hornstein & Matt Lewallen (AQYRE) represented the Seller. Advisor Keith Hardy (AQYRE) represented the Buyer.
“The Sellers purchased the property four years ago and were able to generate a solid investment return by taking the property to the next level,” Hornstein said. “The Buyers intend to take the property up a notch following another round of improvements and continue to move rents higher.” – Joe Hornstein, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at AQYRE Real Estate Advisors at 720-738-1944 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: Powderhorn Apartments | 2201-2365 W. Virginia Avenue, Denver, CO 80223
- Number of Units: 51
- Property SF: 42,904 SF
- Sale Price: $8,900,000
- Price Per Unit: $174,510
- Price Per SF: $207
- Cap Rate: 5.70%
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