Just Sold: 31-Unit Studio Building Sells for $205k/Unit in Capitol Hill

Denver, CO – April 18, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1317 N Pearl St, Denver, CO 80203.

Conner Piretti and Greg Johnson, Senior Advisors at NorthPeak Commercial Advisors, represented the buyer and seller in this transaction.

“The Dempsey is a 31-unit studio building just steps from the State Capitol. The property was completely renovated by the Seller last year. The condition of the apartments were a key driver to the sale,” noted NorthPeak’s Conner Piretti.
“The Buyer fortunately locked their interest rate last month, and now has a turn-key investment generating over $4.00 per foot in monthly rent,” added NorthPeak’s Greg Johnson. The Johnson-Piretti Team has facilitated multiple transactions for both the Buyer and the Seller this year.”

For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.