Denver, CO – July 1, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1326 Corona St., Denver, CO 80218.
Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“The Seller had owned this property for 28 years and felt this was time to sell and move to a more passive investment through a 1031 Exchange. The Buyers are experienced with multi-family investments in the Denver area and continuing to expand their portfolio.”
– Kevin Calame, NorthPeak Commercial Advisors.
“We are excited to announce the acquisition of 1326 Corona Street, our first purchase under the Ninth Square Denver Multifamily Opportunity Fund. This acquisition aligns with our strategy to enhance multifamily properties in prime central Denver locations through comprehensive renovations and focused management. We remain committed to expanding our portfolio and delivering premium living experiences for our residents and strong risk adjusted returns for our investors.”
– Ethan Coleman, Ninth Square Real Estate Partners.
For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1326 Corona St., Denver, CO 80218
- Sale Price: $2,235,000
- Closed Date: June 26, 2024
- Total Units: 11 ($203,181/Unit)
- Property Size: 6,475 SF ($345/SF)
- Cap Rate: 5.8%
- Property Type: Multifamily
