Denver, CO – March 21, 2023 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1452 Ivanhoe St., Denver, CO 80220.
Kevin Calame, and Matt Lewallen of NorthPeak Commercial Advisors represented the buyer and seller in this transaction.
This transaction represented a new trend in real estate deals. As rates have increased and financing has become more difficult, buyers and sellers are finding ways to come together by structuring owner financing which works to benefit both buyer and seller. The buyer will renovate the asset and the seller is looking forward to retirement.
– Matt Lewallen, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at 303-210-1623 or Matt@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1452 Ivanhoe St., Denver, CO 80220
- Sale Price: $1,790,000
- Closed Date: March 15, 2023
- Property Size: 6,390 SF ($280/SF)
- Units: 10 ($179,000/Unit)
- Property Type: Multifamily
