Denver, CO – February 24, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of Lincoln Flats Apartments at 700 S Pearl St., Denver, CO 80209.
Conner Piretti and Greg Johnson of NorthPeak Commercial Advisors co-listed the property with Jennifer Steinert of Madison & Co. The Buyer was represented by Khalil Nasser of UrbanStars Realty.
“Johnson-Piretti generated six offers for this building that the family had owned since 1977. It was an honor to represent the family in the sale of this legacy asset.
The new owner plans an extensive renovation of this 1906 property.”
– Greg Johnson, NorthPeak Commercial Advisors.
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: 700 S Pearl St., Denver, CO 80209
- Sale Price: $1,610,000
- Close Date: February 14, 2025
- Total Units: 10 ($161,000/Unit)
- Property Size: 6,754 SF ($238/SF)
- Current Cap Rate: 6.1%
- Property Type: Multifamily
