Capstone has closed the sale of 5090 Donald Avenue, a 12,465 sq ft multifamily property for the sale price of $650,000. Travis Hodge and Anthony Bobay of Capstone represented the Seller, Brandon Kaufman of Capstone represented the Buyer.
The buyer plans on building eight units, averaging 1,575 sq ft per unit with each unit being 3 bed/3bath. This location is near the Denver Tech Center, allowing optimal job access. The neighborhood boasts nearby retail and amenity access with Colorado Boulevard being a five minute drive from the property. Tenants will also be a 15-minute walk from the Colorado Station.
5090 Donald Avenue is conveniently located in Denver’s Goldsmith neighborhood, between Donald Avenue and E Illiff Avenue.
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About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
