Denver, CO – July 23, 2024 – NorthPeak Commercial Advisors is pleased to announce the sale of 1638 N Franklin St., Denver, CO 80218.
Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the seller while Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer in this transaction.
“We got this deal done by leveraging in-house connections at NorthPeak after fully testing the open market. I was happy we were able to help my seller move on to the next chapter in her investment cycle. I think patience was key in allowing us to get this done in today’s challenging market. We were able to achieve a top of market price per pound by simultaneously offering top of market returns for the buyer.”
– Jack Sherman, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1638 N Franklin St., Denver, CO 80218
- Sale Price: $1,495,000
- Closed Date: July 22, 2024
- Total Units: 6 ($249,167/Unit)
- Property Size: 4,264 SF ($351/SF)
- Cap Rate: 6.28%
- Property Type: Multifamily
