Denver, CO – May 1, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 11660 W 16th Ave., Lakewood, CO 80215.
Dan Hawthorne of NorthPeak Commercial Advisors represented the seller in this transaction.
“Our client owned the asset for slightly over three years and during that period, they enhanced its value by carrying out various capital improvements and renovations. We successfully procured their exchange property before publicly listing the building and had approximately one month to sell it. In the first week alone, we conducted more than 20 tours and eventually managed to close the deal in under three weeks from the day it hit the market to the final signing at the closing table. Overall, this was a win-win for everyone involved.”
– Dan Hawthorne, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Dan Hawthorne at 406-531-4246 or Dan@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 11660 W 16th Ave., Lakewood, CO 80215
- Sale Price: $1,100,000
- Closed Date: April 28, 2023
- Property Size: 5,496 SF ($200/SF)
- Units: 6 ($183,333/Unit)
- Cap Rate: 6.5%
- Property Type: Multifamily
