Denver, CO – February 22, 2022 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 78 W Walnut St, located in Brigshton, CO.
Principals Joe Hornstein and Scott Fetter (NorthPeak Commercial Advisors) represented both the buyer and seller in this transaction.
The buyer in this transaction had recently closed escrow on the multifamily asset next door to 78 W. Walnut so the synergies of owning both of these assets was a big motivator from the start. The Buyer made an attractive, un-solicited offer that exceeded the Seller’s original investment goals for the asset so he was pleased to move forward. This was a smooth transaction and I truly believe both sides are very happy with the outcome.
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or joe@northpeakcre.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: February 17th, 2022
- Address: 78 W Walnut St
- Sale Price: $4,325,000
- Units: 26 ($166,346/Unit)
- Property SF: 21,240 SF ($204/SF)
- Cap Rate: 6.3%
