Just Sold: 8-Unit Multifamily Property in Lakewood, CO Closes for $1,350,000

Address: 10500 W 8th Ave., Lakewood, CO 80215
Sale Price: $1,350,000
Closed Date: November 30, 2023
Total Units: 8 ($168,750/Unit)
Property Size: 4,620 SF ($292/SF)
Cap Rate: 6.2%
Property Type: Multifamily

Denver, CO – December 4, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 10500 W 8th Ave., Lakewood, CO 80215.

Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction.

“This was an all cash 30 day close at full price. The Buyer is a local investor who is excited to add a clean deal to his existing portfolio nearby. In a market where it is tough to get deals done, we were happy to leverage NorthPeak’s in house relationships and deliver a smooth off market sale for our clients.”
– Hunter Schaefer, NorthPeak Commercial Advisors.

For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.