Denver, CO – February 7, 2023 – The Johnson-Piretti team at NorthPeak Commercial Advisors is pleased to announce the sale of 1480 S. Clermont Street in Denver’s Virginia Village neighborhood. The 6-unit building sits on a substantial 18,300 square foot corner lot in one of Denver’s up-and-coming areas.
Greg Johnson, Conner Piretti, and Austin Bengford of NorthPeak Commercial Advisors represented the seller in this transaction.
“Our client had owned and meticulously managed this asset for over 23 years and felt this was a good time to capitalize on this long-term investment. Fully leased with strong rents, this property was brought to market as a “turn-key” investment opportunity, perfect for an investor not looking to do any heavy lifting. We were pleased to help our repeat client work through this transaction and assist them with their 1031 exchange.”
– Austin Bengford, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com
SALE HIGHLIGHTS
- Address: 1480 S Clermont St., Denver, CO 80222
- Sale Price: $1,635,000
- Closed Date: February 1, 2023
- Property Size: 4,712 SF ($346/SF)
- Units: 6 ($272,500/Unit)
- Property Type: Multifamily
