Denver, CO – January 5, 2020 – AQYRE Real Estate Advisors, LLC is pleased to announce the sale of 1450 S. Reed Street in Lakewood, CO.
Principals Kevin Calame and Matt Lewallen (AQYRE) represented both sides in this transaction.
“The design and quality of this asset was a very strong motivator for the buyer as they were looking for an investment that would not only stand the test of time physically, but would fit the market needs long into the future — With a mix of single-level and two-level units, this property represented exactly that. Because this asset was so nice, selling was a bit bittersweet for the current owner, but the equity in the asset will represent a nice trade and the opportunity to further boost capital growth.” – Matt Lewallen, AQYRE Real Estate Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at AQYRE Real Estate Advisors at 720-738-1940 or Matt@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: Baseline Village Apartments | 811-813 E. Baseline Road, Lafayette, CO 80226
- Number of Units: 35
- Property SF: 47,236 SF
- Sale Price: $12,500,000
- Price Per Unit: $357,143
- Price Per SF: $265
- Cap Rate: 4.70%
