Denver, CO – April 25, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 606-622 S Pecos St., Denver, CO 80223.
Austin Bengford, Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors represented the seller in this transaction.
“We were thrilled to help our client with the successful sale of their 8-unit asset in Denver. For decades, the property was under the ownership of a single family and was well cared for by one of the city’s more prominent management companies. After receiving multiple offers, we closed for $85,000 above our asking price, which is a testament to the unwavering demand for quality multifamily assets in Denver.”
– Austin Bengford, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 606-622 S Pecos St., Denver, CO 80223
- Sale Price: $1,735,000
- Closed Date: April 20, 2023
- Property Size: 6,259 SF ($277/SF)
- Units: 8 ($216,875/Unit)
- Cap Rate: 5.2%
- Property Type: Multifamily
