Denver, CO – November 1, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 830 N Clarkson St, located in Denver, CO.
Advisors Jack Sherman & Dan Hawthorne (NorthPeak Commercial Advisors), represented both parties in this transaction.
“The Sellers were excited to sell their asset for over an 83% gain on pricing from when they purchased the building 6 years ago and move their money into a more passive investment.” – Jack Sherman , NorthPeak Commercial Advisors.
“As everyone knows, the market is extremely competitive right now, I am pleased we were able to help facilitate this transaction for both sides. The buyer plans to add value to the building through renovations and management, and I think this will be a great deal for them.” – Dan Hawthorne, 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
- Property Type: Multifamily
- Closed Date: November 1, 2021
- Address: 830 N Clarkson St, Denver, CO 80218
- Sale Price: $1,320,000
- Number of Units: 7 ($188,571/Unit)
- Property SF: 4,611 SF ($286/SF)
- Current Cap Rate: 4.60%
