Denver, CO – May 25, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 5525-5535 E Yale Ave., Denver, CO 80222.
Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors were the listing brokers while Kevin Calame and Matt Lewallen represented the buyer in this transaction.
“This deal was an interesting example of the shifting market with a higher CAP rate than we have typically seen over the past few years. Amidst a challenging lending environment, it was more important than ever to leverage a formal listing agreement, NorthPeak’s marketing platform, and key relationships of our in-house brokerage team.”
– Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 5525-5535 E Yale Ave., Denver, CO 80222
- Sale Price: $2,825,000
- Closed Date: May 25, 2023
- Property Size: 10,124 SF ($139/SF)
- Units: 12 ($235,416/Unit)
- Current Cap Rate: 6.0%
- Proforma Cap Rate: 6.8%
- Property Type: Multifamily
