Denver, CO – April 15, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 3205-3207 Olive St., Denver, CO 80207.
Jack Sherman and Dan Hawthorne of NorthPeak Commercial Advisors represented the seller in this transaction.
“We were happy to get this building closed for our seller so he could use the proceeds for his exchange. This is a perfect example of an owner capitalizing on the equity he built up over the years and scaling it into a larger asset to grow their overall portfolio.”
– Dan Hawthorne, 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
- Address: 3205-3207 Olive St., Denver, CO 80207
- Sale Price: $860,000
- Closed Date: March 30, 2022
- Number of Units: 2 ($430,000/Unit)
- Property SF: 2,628 SF ($327/SF)
- Cap Rate: 4.2%
- Property Type: Multifamily
