Denver, CO – May 18, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 2622 S Raritan Cir., Englewood, CO 80110.
Drew Williams, Kevin Calame, and Matt Lewallen of NorthPeak Commercial Advisors represented the buyer and seller in this transaction.
“We had the pleasure of working with both a new client and a long term client on this deal. The Seller was able to sell his building for a great price to a neighbor in a 1031 exchange. This benefitted the seller by getting a higher price than what traditional financing could have been able to offer due to a high interest rate environment, and benefitted the buyer by allowing him to continue his expansion into additional NNN industrial properties in the same business’ park as other holdings of his while simultaneously completing his 1031 exchange into a more passive investment than his previous building. Both parties are excited with the outcome of the deal that otherwise would not have happened in a challenging market.”
– Drew Williams, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Drew Williams at 303-917-5232 or Drew@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 2622 S Raritan Cir., Englewood, CO 80110
- Sale Price: $1,900,000
- Closed Date: May 17, 2023
- Property Size: 14,200 SF ($133/SF)
- Property Type: Industrial
