Denver, CO – June 20, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 3922 S. Providence Rd, Columbia, MO 47522.
Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors assisted the buyer in this transaction.
“We were happy to get this deal to the finish line for our client in a tough environment. This was a classic example of a local owner who wanted to sell their Denver asset and transition into a more passive investment while deferring their capital gains. We worked with these clients from the valuation of their property, to the sale, to then the purchase of this passive NNN property which will generate greater cashflow for them while also eliminating their management headaches.”
– Jack Sherman, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 3922 S. Providence Rd, Columbia, MO 47522
- Sale Price: $2,086,957
- Closed Date: July 17, 2023
- Property Size: 3,913 SF ($533/SF)
- Cap Rate: 5.75%
- Property Type: Retail
