Denver, CO – April 3, 2023 – The Johnson-Piretti Team at NorthPeak Commercial Advisors is pleased to announce the sale of 1411 N Clayton St., Denver, CO 80206.
Austin Bengford, Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors represented the seller in this transaction.
After acquiring the property in 2021, the Seller was quick to perform slight cosmetic updates to the building and bring rents up to market rates. With only one of the four units being fully renovated, this deal shows that in spite of a national downward trend in real estate values and transaction volume, investor interest remains strong in Central Denver.
– 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: 1411 N Clayton St., Denver, CO 80206
- Sale Price: $1,320,000
- Closed Date: March 31, 2023
- Property Size: 2,976 SF ($443/SF)
- Units: 4 ($330,000/Unit)
- Property Type: Multifamily
