Denver, CO – May 12, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 2335 S Race & 2459 S York St Denver CO 80210.
Joe Hornstein and Scott Fetter, Principals at NorthPeak Commercial Advisors, represented the buyer and seller on this transaction.
“The buyer completed a reverse 1031 exchange and paid cash to close both properties quickly. The sellers owned both properties for about 15 years and were in great condition with some additional upside left for buyers to update units and increase rates.”
– 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: 2335 S Race St. & 2459 S York St., Denver CO 80210
- Sale Price: $8,250,000
- Closed Date: May 6, 2022
- Number of Units: 34
- Property Size: 17,960 SF ($459/SF)
- Property Type: Multifamily
