Denver, CO – May 11, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 1410 N Marion St. and 1321 E 14th Ave., Denver, CO 80218.
The historic Wolcott Apartments were sold to an investment group planning extensive renovations for the 40 apartments within the turn-of-the-century former school buildings. Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors represented the buyer and seller in this transaction.
“The Seller had owned the property for over 40 years, and was excited to find a new owner ready to care for this property that is a significant piece of the neighborhood’s colorful history.”
– Greg Johnson, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1410 N Marion St. & 1321 E 14th Ave., Denver, CO 80218
- Sale Price: $10,000,000
- Closed Date: May 9, 2023
- Property Size: 53,044 SF ($188/SF)
- Units: 40 ($250,000/Unit)
- Cap Rate: 4.4%
- Property Type: Multifamily
