Denver, CO – January 6, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of 1320 Ammons St., Lakewood, CO 80214.
Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer while Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the seller in this transaction.
“This property ended up being a perfect fit for my client’s 1031 proceeds from the 12-unit we helped him sell a few months ago. This location will continue to experience growth in the future and is situated well to cash flow on day one.”
– Jack Sherman, NorthPeak Commercial Advisors.
“The seller enjoyed the cash from owning this asset, but recognized this as an exceptional opportunity to realize a favorable return for themselves and their investors.”
– Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Jack Sherman at (303) 903-9638 or Jack@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1320 Ammons St., Lakewood, CO 80214
- Sale Price: $2,750,000
- Close Date: January 3, 2025
- Total Units: 14 ($196,428/Unit)
- Property Size: 12,392 SF ($221/SF)
- Current Cap Rate: 6.2%
- Property Type: Multifamily
