Denver, CO – June 10, 2021 –
NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 1460 Reed St and 7295 W 12th Ave in Lakewood, CO.
Principals Scott Fetter & Joe Hornstein (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“This sale was for two separate properties. 1460 Reed sold for $2,200,000 and 7295 West 12th sold for $2,235,000. The Buyer sees value add potential in both deals and has the resources to realize the potential in both of these properties. It’s a tough year to be a buyer searching for real value-add opportunities but these two sales offer upside that was difficult to pass up!” – Scott Fetter, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Scott Fetter at 720-470-3646 or Scott@NorthPeakCRE.com.
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: June 10, 2021
- Address: 1460 Reed St, Lakewood, CO 80214
- Sale Price: $2,200,000
- Number of Units: 13 | $169,231/Unit
- Property SF: 5,982 SF | 368/SF
- Cap Rate: 5.25%
SALE HIGHLIGHTS
- Property Type: Multifamily
- Closed Date: June 10, 2021
- Address: 7295 W 12th Ave, Lakewood, CO 80214
- Sale Price: $2,235,000
- Number of Units: 13 | $171,923/Unit
- Property SF: 9,519 SF | 235/SF
- Cap Rate: 5.25%
