Just Sold: 14-Unit Multifamily Property in Lakewood, CO Closes for $3,500,000

Address: 5269-5297 W Center Ave., Lakewood, CO 80226
Sale Price: $3,500,000
Close Date: January 29, 2025
Total Units: 14 ($250,000/Unit)
Property Size: 12,900 SF ($271/SF)
Current Cap Rate: 6.3%
Property Type: Multifamily

Denver, CO – January 30, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of 5269-5297 W Center Ave., Lakewood, CO 80226.

Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the seller in this transaction.

“We were happy to deliver an aggressive price for our Seller in a tough market. The market gave us multiple challenges with rising interest rates, rising insurance costs, and winter leasing difficulty. After a 12 month listing process, our persistence and strong marketing platform helped us source a 1031 Buyer out of California.”
– 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.