Denver, CO – August 8, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 1115 Logan Street, Denver, CO 80203.
Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction while Justin Brockman and Chris Student of Required Properties worked with the buyer. This was the 3rd successful sale of the property by the Johnson-Piretti team in the past 8 years.
“The Dresden is an attractive 28-unit property in the heart of Denver’s Capitol Hill neighborhood,” Greg Johnson commented. “The building presents very well, and has always been attractive to both investors and residents.”
“Investor interest was bolstered by the Chase loan that the Buyer assumed from our client,” added Conner Piretti. “We have other buildings currently listed for sale with similarly attractive assumable debt.”
For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1115 Logan Street, Denver, CO 80203
- Sale Price: $6,200,000
- Closed Date: August 7, 2023
- Total Units: 28 ($221,428/Unit)
- Property Size: 14,415 SF ($430/SF)
- Property Type: Multifamily
