Denver, CO – August 1, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 4101-4115 E Martin Luther King Blvd., Denver, CO 80207.
Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“This deal quickly sold off market to a buyer that was able to justify an aggressive price with their business plan to partywall the units and sell them off individually. We were pleased to deliver an experienced buyer that was able to perform on an all cash, 30 day close in an environment where many Buyers are having financing trouble. In this challenging market, it was more important than ever to leverage a formal listing agreement, NorthPeak’s marketing platform, and key relationships of our in-house brokerage team.”
– 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: 4101-4115 E Martin Luther King Blvd., Denver, CO 80207
- Sale Price: $1,600,000
- Closed Date: July 31, 2023
- Total Units: 7 ($228,571/Unit)
- Property Size: 6,176 SF ($259/SF)
- Cap Rate: 5.6%
- Property Type: Multifamily
