Denver, CO – March 16, 2023 – The Johnson-Piretti Team at NorthPeak Commercial Advisors is pleased to announce the sale of Lancaster Manor located at 2508 E 11th Ave., Denver, CO 80206.
Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors represented the buyer and seller in this transaction.
The Sellers were the original developers of the property in 1969. “It was an honor to represent these two families in the sale of a building constructed by their fathers.
– Greg Johnson, NorthPeak Commercial Advisors.
The Buyer is an experienced investor renowned for their recent renovations in the neighborhood. despite challenges in the market, deals are still getting done with creative and visionary investors.
– Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 or Greg@NorthPeakCRE.com
SALE HIGHLIGHTS
- Address: 2508 E 11th Ave., Denver, CO 80206
- Sale Price: $7,300,000
- Closed Date: March 16, 2023
- Property Size: 26,290 SF ($277/SF)
- Units: 28 ($260,714/Unit)
- Property Type: Multifamily
