Commerce City, CO – February 28, 2022 – Kaufman Hagan Commercial Real Estate is pleased to announce the sale of two properties: 6917 & 6955 Dahlia St.
Kaufman Hagan Brokers Will Scherman & Kevin Woolsey represented the Seller in these transactions.
“These Commerce City properties were incredibly unique. One was a converted office building and they both held an uncommon zoning distinction that required an experience operator and lender to take them over. We had made sure that the buyer had strong management experience before accepting their offer. Given the price point and pro-forma cap rate, there were a lot of interested parties, but this deal shows that vetting out prospective clients is imperative when you’re working on assets that are more nuanced.” – Will Scherman, Kaufman Hagan Commercial Real Estate.
For more information on this transaction or to discuss multifamily investing, please contact Will Scherman at 303-817-9325 or will@khcommercial.com.
SALE HIGHLIGHTS
Property 1: 6917 Dahlia St, Commerce City, CO 80022 | 3 Units
Property Type: Multifamily
Closed Date: February 28, 2022
Sale Price: $400,000
Price/Unit: $133,333
Cap Rate: 6.2%
Property 2: 6955 Dahlia St, Commerce City, CO 80022 | 4 Units
Property Type: Converted Office to Multifamily
Closed Date: February 18, 2022
Sale Price: $550,000
Price/Unit: $137,500
Cap Rate: 6.3%
About Kaufman Hagan Commercial Real Estate
Kaufman Hagan is a Denver-based commercial real estate brokerage, built by various industry leaders to create unique, high-value services for our investment partners and our brokers.
We drive disproportionate value to our partners through innovation, relentless effort, superior market knowledge and our belief in the value of owning every aspect of the client relationship.
