Denver, CO – December 9, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Monroe Professional Building in Denver, CO.
Principals Matt Lewallen and Kevin Calame (NorthPeak Commercial Advisors) represented the Seller, and Advisor Hunter Schaeffer (NorthPeak Commercial Advisors), represented the Buyer in this transaction.
“Located in the highly desirable Congress Park neighborhood the Monroe Professional Building – 40 micro-office spaces sold for $4,200,000 – $318/SF. The Seller saw an opportunity to make a decent quick return, while the buyer, who also owns other buildings on the same block, saw this as a strategic move and plans to continue to operate as-is.” – Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Investment Type: Office
- Closed Date: December 9, 2021
- Property Name: Monroe Professional Building
- Address: 3570 E 12th Ave | Denver, CO 80206
- Sale Price: $4,200,000
- Total Number of Units: 40 ($105,000/Unit)
- Total Building SF: 17,710 SF ($237/SF)
- Cap Rate: 6.09%
