Aurora, CO – October 15, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 9121 E 14th Ave, located in Aurora, CO.
Principals Scott Fetter & Joe Hornstein (NorthPeak Commercial Advisors) represented the Seller in this transaction.
“9121 E 14th was brought to market with an attractive price per unit and an attractive price per foot. There is no doubt this property has considerable upside. But this section of North Aurora is still struggling to recover from the economic impacts of the pandemic and has not performed as well as other blocks in the surrounding area. However, this Buyer has secured an excellent foothold in the market paying less than $132k/unit and less than $132/ft for a solid multifamily asset in a recovering Denver submarket.” – 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: October 15, 2021
Address: 9121 E 14th Ave | Aurora, CO 80010
Sale Price: $2,375,000
Number of Units: 18 ($131,944/Unit)
Property SF: 17,995 SF ($132/SF)
Cap Rate: 4.80%
