Denver, CO – September 7, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of
The Collective – 1075 Clarkson St in Denver, CO.
Advisor Hunter Schaefer, (NorthPeak Commercial Advisors), represented Both Sides in this transaction.
“This was a successful 4 year hold for a Seller who added value through renovation and benefited from a hot market. The Buyer plans to continuing improving the deal which still has upside potential in a great location.” – Hunter Schaefer, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com.
SALE HIGHLIGHTS
Property Type: Multifamily
Closed Date: September 7, 2021
Property Name: The Collective
Address: 1075 Clarkson St, Denver, CO 80218
Sale Price: $2,475,000
Number of Units: 15 ($165,000/Unit)
Property SF: 6,466 SF ($383/SF)
Cap Rate: 5.00%
