Denver, CO – December 10, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of 287-293 S Hoyt St., Lakewood, CO 80226.
Dan Hawthorne of NorthPeak Commercial Advisors worked with the seller in this transaction.
“After 14 property tours and receiving 3 competitive offers, no small feat in today’s market – I’m thrilled to share this closed deal. This unique 80s-built 4-unit apartment building features spacious 3Bd/2.5Ba town-home style units all of which are over 1,300 SF each.
This transaction is a compelling snapshot of our current market. I sold this same property in 2020 for $1M; it just closed at $950,000—an 8% correction accounting for concessions. While any decrease deserves acknowledgment, this is modest compared to the 15-25% adjustments we’re typically seeing today.
The seller strategically redeployed capital into a better-performing asset in what is undeniably a buyer’s market. Yes, you may take a hit on the sell side today, but the acquisition opportunities right now can significantly outweigh that loss. Perfect market timing is a myth, but strategic repositioning? That’s very real.”
– Dan Hawthorne, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Dan Hawthorne at (406) 5314246 or Dan@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 287-293 S Hoyt St., Lakewood, CO 80226
- Sale Price: $950,000
- Close Date: December 5, 2025
- Total Units: 4 ($237,500/Unit)
- Property Size: 5,766 SF ($165/SF)
- Cap Rate: 7.26%
- Property Type: Multifamily
