Denver, CO – May 12, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1440 N Clarkson St., Denver, CO 80218
Hunter Schaefer, Senior Advisor at NorthPeak Commercial Advisors, represented the buyer and seller on this transaction.
“We took special pride in getting this one closed for a long term owner of 33 years who was ready to cash out and enjoy the next chapter of life. This deal was especially challenging as it was being operated as 58 sleeping rooms and required approval for a zoning variance as well as millions of dollars in immediate spending to address deferred maintenance. Fortunately, we knew a strong Buyer who was able to perform for a successful off market transaction. The Buyer plans to renovate and convert the property into a 20 unit apartment building.”
– 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: 1440 N Clarkson St., Denver, CO 80218
- Sale Price: $2,100,000
- Closed Date: May 10, 2022
- Number of Units: 20
- Property Size: 8,121 SF ($258/SF)
- Property Type: Multifamily
