Denver, CO – August 4, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Park 16 Apartments located at 11300 E 16th Ave., Denver, CO 80010.
Scott Fetter and Joe Hornstein of NorthPeak Commercial Advisors represented the buyer while Clayton Primm with Marcus & Millichap represented the seller in this transaction.
“Our team represented buyer to purchase Park 16, a 60-unit apartment building just blocks from Anschutz medical campus. The buyer intends to continue making improvements to units and common areas in an effort to provide safe and affordable housing to residents in the area long term.”
– Scott Fetter, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com
SALE HIGHLIGHTS
- Address: 11300 E 16th Ave., Aurora, CO 80010
- Sale Price: $10,835,000
- Closed Date: July 27, 2022
- Number of Units: 60 ($180,583/Unit)
- Property Size: 50,466 SF ($214/SF)
- Property Type: Multifamily
