Denver, CO – February 1, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of South Logan Apartments in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors) represented both parties in this transaction.
NorthPeak’s Greg Johnson noted, “This off-market deal came together because of our relationships with both the Seller and Buyer. The terrific location was key, and we expect the property to be redeveloped by the new owner.”
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: South Logan Apartments, 1000 S. Logan Street
- Number of Units: 20
- Property SF: 10,223 SF
- Sale Price: $3,550,000
- Price Per Unit: $177,500
- Price Per SF: $347
- Cap Rate: 4.40%
