Denver, CO – March 15, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 30 Sherman Street, located in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors) represented both parties in this transaction.
The turn-key condition of the property generated dozens of tours and five offers. “The transaction was the result of our long-term relationship with the Seller,” stated NorthPeak’s Greg Johnson. “It’s terrific to see an investment and hard work pay off so handsomely,” added Conner Piretti, who noted that the Seller managed the property himself for nearly 15 years.
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: March 15, 2021
- Address: 30 Sherman Street, Denver, CO 80203
- Number of Units: 12
- Property SF: 9,006 SF
- Sale Price: $2,525,000
- Price Per Unit: $210,417
- Price Per SF: $280
- Cap Rate: 5.2%
