Denver, CO – August 21, 2025 – NorthPeak Commercial Advisors is pleased to announce the sale of 3615 Federal Blvd., Denver, CO 80211.
Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.
“On the sell side, we were pleased to deliver strong activity and pricing for our Seller. Within a month, we generated 12 tours and 6 offers for this property, with multiple offers including escalation pricing and waived inspections. The Seller has owned for many years and plans to 1031 exchange into a passive DST investment.”
– Hunter Schaefer, NorthPeak Commercial Advisors
“Our client was excited to acquire a well-maintained property in one of Denver’s premier neighborhoods. This property had significant capital improvements already completed and offered a strong 6.2% cap rate on day one with operational upside.”
– Jack Sherman, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Hunter Schaefer at (925) 989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 3615 Federal Blvd., Denver, CO 80211
- Sale Price: $1,700,000
- Close Date: August 21, 2025
- Total Units: 6 ($283,333/Unit)
- Property Size: 5,246 SF ($324/SF)
- Current Cap Rate: 6.2%
- Pro Forma Cap Rate: 7.7%
- Property Type: Multifamily
