Denver, CO – April 30, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Beacon Hill Apartments, located in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors) represented both parties in this transaction.
NorthPeak’s Greg Johnson commented on the transaction, “This sale is the intersection of significant forces in the market this year. The Seller commanded an absolute premium price, yet we found a Buyer with the vision to see the possibilities and upside in the investment.” Conner Piretti added, “There is great optimism for the ‘post-Covid’ performance of Denver apartments.”
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: April 30, 2021
- Address: Beacon Hill Apartments, 1041 Ogden St Denver, CO 80218
- Number of Units: 44
- Property SF: 28,705 SF
- Sale Price: $9,315,000
- Price Per Unit: $211,705
- Price Per SF: $325
- Cap Rate: 3.90%
