Denver, CO – September 27, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 270-280 N Lincoln St, located in Denver, CO.
Advisors Jack Sherman, Dan Hawthorne, & Hunter Schaefer (NorthPeak Commercial Advisors), represented both parties in this transaction.
“We were pleased to be able to bring the Buyer and Seller together for a smooth transaction. This property has been in the Seller’s family for over 20 years and has performed well for them. Through the proper steps, we were able to identify how the Seller can take advantage of the current market while also achieving their financial goals after the sale. We received over 10 competitive offers and got it done just under our asking price. This is a great opportunity for the Buyer to add value to the property and reposition the asset.” – Jack Sherman, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: September 27, 2021
- Address: 270-280 N Lincoln St, Denver, CO 80203
- Sale Price: $5,500,000
- Number of Units: 28 ($196,429/Unit)
- Property SF: 14,789 SF ($372/SF)
- Current Cap Rate: 3.9%
