Denver, CO – May 7, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Ogden Park Townhomes in Denver, CO.
Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors) represented the Seller in this transaction while Principals Kevin Calame & Matt Lewallen (NorthPeak Commercial Advisors) represented the Buyer.
“The Seller was able to capitalize on significant investor demand and sell property at full asking price,” Hornstein said. “The buyer was in 1031 exchange and they were the perfect fit to purchase and reposition the property long term.”
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: Ogden Park Townhomes | 964-968 N Ogden St., Denver, CO 80218
- Sale Price: $3,550,000
- Number of Units: 14 | $253,571 / Unit
- Property SF: 11,700 SF | $303 / SF
- Cap Rate: 4.70% (Based on T12 Financials)
About Ogden Park Townhomes
Ogden Park Townhomes is a two building, 14-unit apartment community located in Central Denver, Colorado. The property includes 10 – 1Br/1Ba units, 3 – 3Br/1.5Ba & 1 – 3Br/2Ba units.
The properties were built in 1906 and are located on a 12,632sf lot zoned G-RH-3. The site is located on a quiet corner off 10th & Ogden in a walkable neighborhood, very close to downtown Denver, Cheesman Park and Cherry Creek Shopping District.
Property Photos
