Denver, CO – November 3, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of 551 S Fairfax St., Glendale, CO 80246.
Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“This is an interesting buy with attractive assumable financing. We were able to deliver a Seller financing loan assumption with 84% LTV and 4.00% interest. The Buyer is pleased to buy a deal with day 1 cash on cash return of 8.3% with a proven business plan to improve to 16.4%. The property has major systems updated and 5/13 units renovated. In-unit laundry was a key to achieving premium rents.”
– Hunter Schaefer, 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: 551 S Fairfax St., Glendale, CO 80246
- Sale Price: $2,450,000
- Close Date: November 3, 2025
- Total Units: 13 ($188,461/Unit)
- Property Size: 10,620 SF ($231/SF)
- Cap Rate: 6.1%
- Property Type: Multifamily
