Denver, CO – August 21, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1301 E 33rd Ave., Denver, CO 80205.
Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the seller while Robert Lawson of Pinnacle worked with the buyer in this transaction.
“The seller has owned this property since 2009 and sought to reallocate his equity into a more passive investment. We listed the property and successfully secured an excellent sales price for him and will assist in transferring those funds into a property that offers a higher return with less active management.”
– Kevin Calame, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Kevin Calame at (303) 263-6260 or Kevin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1301 E 33rd Ave., Denver, CO 80205
- Sale Price: $3,575,000
- Close Date: August 21, 2024
- Total Units: 15 ($283,333/Unit)
- Property Size: 10,740 SF ($333/SF)
- Current Cap Rate: 4.9%
- Property Type: Multifamily
