Denver, CO – June 27, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1335 N Gaylord St., Denver, CO 80206.
Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors worked with the seller while Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the and buyer in this transaction.
“This transaction is a perfect example of NorthPeak brokers collaborating to put a deal together off-market that may not have occurred otherwise. The owners were exploring a sale but were apprehensive to formally list the property. We shared the information with a buyer that had recently entered into a 1031 exchange and ended up with a positive result.”
– Joe Hornstein, NorthPeak Commercial Advisors.
“Quality relationships are key. This was NorthPeak’s 5th transaction with the Buyer, and 14th deal with the Seller. We appreciate the trust they put in us!”
– Greg Johnson, 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: 1335 N Gaylord St., Denver, CO 80206
- Sale Price: $3,875,000
- Closed Date: June 21, 2024
- Total Units: 17 ($227,941/Unit)
- Property Size: 9,936 SF ($390/SF)
- Cap Rate: 5.1%
- Property Type: Multifamily
