Denver, CO – June 13, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1602 Franklin St., Denver, CO 80218.
Conner Piretti and Greg Johnson, Senior Advisors at NorthPeak Commercial Advisors, represented the buyer and Urban Star Realty represented the seller in this transaction.
“The Sellers of 1602 Franklin were owner/operators for decades and their attention to detail showed in this 1898 property. After fully exposing the listing to the market, the Sellers chose from multiple offers and wound up with a proven, cash Buyer. The Buyer plans to update kitchens and bathrooms and bring the rents up to market rates, while maintaining the vintage charm of the building.”
-Conner Piretti, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 1602 Franklin St., Denver, CO 80218
- Sale Price: $2,020,000
- Sale Date: June 13, 2022
- Property Size: 4,305 SF
- Number of Units: 7
- Cap Rate: 4.5%
- Property Type: Multifamily
