Denver, CO – September 13, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 758 N Clarkson St., Denver, CO 80218. The $5,000,000 sale price represents a 5.26% CAP rate for the property.
Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction.
“The Seller renovated all 17 units over the last two years and was able to achieve premium rents by offering high-end finishes that are unmatched in the neighborhood.”
– Greg Johnson, NorthPeak Commercial Advisors.
“In today’s market, it’s challenging to find new debt on stabilized buildings like this. Through past relationships with the Buyer and the lender (Chase) we were able to close this at over 98% of our list price.”
– Conner Piretti, NorthPeak Commercial Advisors.
This marks the 2nd successful sale of 758 Clarkson by the Johnson-Piretti team in the past 2 years.
For more information on this investment or current market conditions, please contact Conner Piretti at 970-692-3008 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 758 N Clarkson St., Denver, CO 80218
- Sale Price: $5,000,000
- Closed Date: September 12, 2023
- Property Size: 9,329 SF ($535/SF)
- Total Units: 17 ($294,117/Unit)
- Cap Rate: 5.26%
- Property Type: Multifamily
