Denver, CO – July 22, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 2700-2738 Monroe Street in Denver, CO.
Principals Kevin Calame and Matt Lewallen (NorthPeak Commercial Advisors) represented both parties in this transaction.
“Both buyer and seller were very happy to make this transaction. The seller will take this opportunity to put the proceeds into larger assets that further their mission of providing affordable housing, while the buyer looks forward to giving the already nice asset a facelift and providing top-notch workforce housing.” – Matt Lewallen, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at 303-210-1623 or Matt@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Address: 2700-2738 Monroe Street, Denver, CO 80205
- Number of Units: 13
- Property SF: 10,139 SF
- Sale Price: $3,000,000
- Sold Date: July 22, 2021
- Price Per Unit: $230,769
- Price/SF: $296
- Cap Rate: 5.1%
