Denver, CO – November 27, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 310 W Archer Pl., Denver, CO 80223.
Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“The buyer recognized the opportunity to step into very attractive Chase assumable debt at 3.18% with over 3 years remaining. The sellers had completed a 1031 exchange into this property less than two years ago and decided they wanted to diversify their real estate holdings.”
– 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: 310 W Archer Pl., Denver, CO 80223
- Sale Price: $4,200,000
- Closed Date: November 27, 2023
- Total Units: 17 ($247,058/Unit)
- Property Size: 8,931 SF ($470/SF)
- Cap Rate: 5.3%
- Property Type: Multifamily
