Denver, CO – May 16, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1560 N Sherman St Denver, CO 80203.
Kevin Calame and Matt Lewallen, Principals at NorthPeak Commercial Advisors, represented the buyer and seller in this transaction.
“This asset boasted nearly 10,000 SF of currently unused space that most investors couldn’t wrap their mind around. The buyer happily underwrote the asset to stand alone without it and sees great upside in developing the unused space long term. The seller held the property for some times as it goes in the commercial world and sees opportunity to redeploy capital and get it working harder.”
-Matt Lewallen, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at 303-210-1623 or Matt@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1560 N Sherman St., Denver, CO 80203
- Sale Price: $7,250,000
- Sale Date: May 6, 2022
- Property Size: 31,670 SF
- Number of Units: 33
- Property Type: Multifamily