Denver, CO – June 12, 2023 – NorthPeak Commercial Advisors is pleased to announce the sale of 5509 W Mississippi Ave., Lakewood, CO 80209.
Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors represented the buyer in this transaction.
“My Buyer was excited to jump on this opportunity where she can expect to stabilize at an 8% cap rate on total cost. In addition to the immediate upside, the parcel is 35,794 SF which presents another optional exit strategy to future development.”
– Jack Sherman, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Address: 5509 W Mississippi Ave., Lakewood, CO 80209
- Sale Price: $730,000
- Closed Date: May 30, 2023
- Property Size: 3,400 SF ($214/SF)
- Units: 5 ($146,000/Unit)
- Proforma Cap Rate: 8.0%
- Property Type: Multifamily
