Denver, CO – September 29, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1550 Depew St, located in Lakewood, CO.
Principals Scott Fetter & Joe Hornstein (NorthPeak Commercial Advisors) represented both sides in this transaction.
“As Denver struggles with affordable housing we have seen a noticeable shift in demand for mobile home parks. 1550 Depew is one of the few remaining mobile home communities in close proximity to Denver and our team happened to be working with a new mobile home park investor on another listing of ours nearby. That buyer proved to be a good fit for 1550 Depew, as well, and closed both sales on the same day. We know location is the key to real estate, but good timing certainly helps, too.” – Scott Fetter, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Mobile Home Park
- Closed Date: September 29, 2021
- Address: 1550 Depew St | Lakewood, CO 80214
- Sale Price: $3,500,000
- Number of Sites: 34 ($102,941/Site)
- Cap Rate: 6.50%
