Denver, CO – August 19, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1632 Franklin St., Denver, CO 80218.
Austin Bengford, Greg Johnson, and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction.
“In what has been a challenging market, we successfully secured this off-market deal for our seller, achieving top-of-market pricing on a per unit basis. This also marks our second Central Denver multifamily transaction with this buyer group in the last four months. Leveraging our deep connections and relationships within the neighborhood, we were able to identify the ideal asset for their exchange.”
– Austin Bengford, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1632 Franklin St., Denver, CO 80218
- Sale Price: $1,350,000
- Close Date: August 17, 2024
- Total Units: 5 ($270,000/Unit)
- Property Size: 4,382 SF ($308/SF)
- Cap Rate: 5.5%
- Property Type: Multifamily
