Denver, CO – January 23, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 750 Dayton St., Aurora, CO 80111.
Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors worked with the buyer in this transaction.
“The buyer owns other properties nearby and saw this purchase as a strategic acquisition at a solid $122k/unit cost basis. There is a good opportunity to update units and increase rental rates in the near term.”
– 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: 750 Dayton St., Aurora, CO 80111
- Sale Price: $2,575,000
- Closed Date: January 16, 2024
- Total Units: 21 ($122,619/Unit)
- Property Size: 11,250 SF ($228/SF)
- Property Type: Multifamily
- Cap Rate: 5.92%
