Littleton, CO – October 13, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 5532 S Grant St, located in Littleton, CO.
Advisors Hunter Schaefer, Jack Sherman, & Dan Hawthorne (NorthPeak Commercial Advisors), represented both parties in this transaction.
“This deal went $100,000 over asking with 8 offers at or above list price before hitting the open market. The Seller is excited to move into a NNN investment with more hands-off management and improved cash flow. This property has been largely renovated including major systems, and there is tremendous management upside that the Buyer is excited to realize.” – Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: October 13, 2021
- Address: 5532 S Grant St, Littleton, CO 80121
- Sale Price: $1,420,000
- Number of Units: 8 ($177,500/Unit)
- Property SF: 5,580 SF ($254/SF)
- Current Cap Rate: 3.9%
