Denver, CO – September 29, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of Lakewood Village, located at 1409 Allison St in Lakewood, CO.
Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors) represented both parties in this transaction.
“We listed this mobile home park back in February and were blown away by all of the interest from national and local MHP investment community,” Hornstein said. “The price was bid up several hundred thousand dollars and buyer had a significant amount of non-refundable earnest money day one.” – Joe Hornstein, NorthPeak Commercial Advisors
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
Property Type: Mobile Home Park
Closed Date: September 29, 2021
Address: Lakewood Village | 1409 Allison St, Lakewood, CO 80214
Sale Price: $8,050,000
Number of Sites: 53 ($101,887/Site)
Projected Cap Rate: 7.33%
About NorthPeak Commercial Advisors
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity. The not-so-secret to our success is our 50+ years of investment experience in the Denver market and our commitment to collaboration among ourselves and our peers. Sharing our relationships and opportunities with other brokers in our market assures our clients access to the best deals. We aren’t defined by our individual success, we are defined by the success of investors who we are fortunate to call clients.
