Denver, CO – December 8, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1410-1458 E 16th St., Loveland, CO 80538.
Scott Fetter and Joe Hornstein of NorthPeak Commercial Advisors represented the buyer in this transaction.
“This was a 1031 Exchange that landed right in the sweet spot for replacement cost for our Buyer. The real estate was attractive, but the deal was solidified with a very favorable loan via Seller Carry. We are seeing both Buyers and Sellers getting creative with ways to make deals work right now, and the Seller’s ability to carry the loan at closing made all the difference here.”
– Scott Fetter, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com
SALE HIGHLIGHTS
- Address: 1410-1458 E 16th St., Loveland, CO 80538
- Sale Price: $3,200,000
- Closed Date: December 1, 2022
- Number of Units: 14 ($228,751/Unit)
- Property Size: 15,464 SF ($206/SF)
- Property Type: Multifamily
