Denver, CO – April 27, 2026 – NorthPeak Commercial Advisors is pleased to announce the sale of 7050 W 37th Ave., Wheat Ridge, CO 80033.
Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“We were pleased to source a nice value-add deal for this Buyer off market. The Buyer won the deal because he moved quickly and offered terms with high certainty of close. The building has nice bones with larger 1 bedroom layouts and car ports. There is some deferred maintenance, so the plan is to renovate and reposition the property.
The Seller was able to close with a shorter sales process than usual and a reduced brokerage commission because we sourced the Buyer within the Schaefer-Sherman team. The Sellers owned the building for many years and plan to move the money towards charity in which they are passionate about.”
– Hunter Schaefer, NorthPeak Commercial Advisors
“This was a well executed off market sale for a legacy owner of 12+ years. By securing the right buyer, we facilitated a smooth transaction that achieved strong pricing for the seller despite significant upside remaining in the current rent roll for the Buyer.”
– Jack Sherman, 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: 7050 W 37th Ave., Wheat Ridge, CO 80033
- Sale Price: $1,375,000
- Close Date: April 27, 2026
- Total Units: 10 ($137,500/Unit)
- Property Size: 7,920 SF ($174/SF)
- Current Cap Rate: 4.6%
- Pro Forma Cap Rate: 7.5%
- Property Type: Multifamily
