Denver, CO – September 17, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1142 Washington St, located in Denver, CO.
Advisors Dan Hawthorne and Jack Sherman (NorthPeak Commercial Advisors), represented both parties in this transaction.
“We were pleased to help facilitate a smooth transaction for the owner who self-managed this property for over 25 years and help them capitalize on a strong multifamily market. The asset is located in the heart of Central Denver and will be a great value add opportunity for the Buyer” – Dan Hawthorne, NorthPeak Commercial Advisors.
“The Buyer was happy to satisfy their 1031 exchange on an asset like this with great upside in a great location” – Jack Sherman, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Dan Hawthorne at 406-531-4246 or Dan@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: September 17, 2021
- Address: 1142 Washington St, Denver, CO 80203
- Sale Price: $1,250,000
- Number of Units: 6 ($208,333/Unit)
- Property SF: 4,417 SF ($283/SF)
- Current Cap Rate: 3.54%
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