Denver, CO – April 23, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 967 Marion St., Denver, CO 80218.
Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction.
“We had a lot of interest in The Grace Margaret due to the pristine condition of the building and its location on one of the nicest blocks in Cheesman Park. With multiple offers in hand, the Seller chose to work with a local Buyer with strong ties to the neighborhood. Since the Buyer and Seller were each past clients, we were able to facilitate a cooperative transaction during a challenging time in the market.”
– Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 967 Marion St., Denver, CO 80218
- Sale Price: $5,000,000
- Closed Date: April 22, 2024
- Total Units: 19 ($263,157/Unit)
- Property Size: 17,093 SF ($293/SF)
- Current Cap Rate: 4.29%
- Property Type: Multifamily
