Denver, CO – February 1, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of South Logan Apartments in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors) represented both parties in this transaction.
NorthPeak’s Greg Johnson noted, “This off-market deal came together because of our relationships with both the Seller and Buyer. The terrific location was key, and we expect the property to be redeveloped by the new owner.”
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
Address: South Logan Apartments, 1000 S. Logan Street
Number of Units: 20
Property SF: 10,223 SF
Sale Price: $3,550,000
Price Per Unit: $177,500
Price Per SF: $347
Cap Rate: 4.40%
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.
