Denver, CO – October 30, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 245 Bannock St., Denver, CO 80223.
Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors worked with the seller while Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer in this transaction.
“The property was in immaculate condition with almost all units and major systems updated within the last six years”
– Joe Hornstein, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 245 Bannock St., Denver, CO 80223
- Sale Price: $3,665,000
- Closed Date: October 26, 2023
- Property Size: 11,019 SF ($332/SF)
- Total Units: 15 ($244,333/Unit)
- Cap Rate: 6.22%
- Property Type: Multifamily
