Denver, CO – March 15, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 30 Sherman Street, located in Denver, CO.
Senior Advisors Greg Johnson & Conner Piretti (NorthPeak Commercial Advisors) represented both parties in this transaction.
The turn-key condition of the property generated dozens of tours and five offers. “The transaction was the result of our long-term relationship with the Seller,” stated NorthPeak’s Greg Johnson. “It’s terrific to see an investment and hard work pay off so handsomely,” added Conner Piretti, who noted that the Seller managed the property himself for nearly 15 years.
For more information on this investment or current market conditions, please contact Greg Johnson at 720-738-1671 or Greg@NorthPeakCRE.com.
SALE HIGHLIGHTS
Property Type: Multifamily
Closed Date: March 15, 2021
Address: 30 Sherman Street, Denver, CO 80203
Number of Units: 12
Property SF: 9,006 SF
Sale Price: $2,525,000
Price Per Unit: $210,417
Price Per SF: $280
Cap Rate: 5.2%
