Denver, CO – May 8, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of The Glenwood, located at 1280 Albion St., Denver, CO 80220.
Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction.
“Our client purchased the property 4 years ago and made the perfect combination of capital improvements to the property to add value. We were pleased to help him capture that value with this sale.
The out-of-state 1031 Buyer discovered the opportunity through our broad marketing campaign, and was represented by Compass Realty.”
– Greg Johnson, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Greg Johnson at 303-810-1328 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1280 Albion St., Denver, CO 80220
- Sale Price: $6,100,000
- Closed Date: May 7, 2024
- Total Units: 24 ($254,166/Unit)
- Property Size: 19,326 SF ($316/SF)
- Current Cap Rate: 4.7%
- Property Type: Multifamily
