Nexus Commercial Realty, LLC, has closed the sale of 5220 West 5th Avenue, a 7,290 SF multifamily property for the sale price of $1,550,000. Sean Holamon of Nexus represented both the Buyer & the Seller in the transaction.
The 9-unit property is made up of all two-bedroom units. The building is an exterior walk-up, with an abundance of off-street tenant parking.
5220 West 5th Avenue is in a great Lakewood location, near the intersection of Sheridan Boulevard & West 6th Avenue. The location provides easy access to restaurants & retail along Sheridan Boulevard, Sloan’s Lake Park, and Downtown Denver.
The Buyer plans to make necessary capital improvements to the property and perform additional upgrades to the units as they become vacant to improve tenant living and increase the property’s cash flow.
Please call or email today to find out how we are different than the average apartment advisors.
About Nexus Commercial Realty, LLC:
Nexus is a full-service firm for the commercial real estate industry in Denver. Specializing in high caliber solutions developed for owners and investors, we deliver specialized services such as acquisitions, dispositions, seller representation, buyer representation, and consultation regarding commercial properties. We provide high caliber services to owners and investors delivered with the focused attention only a privately-owned firm can offer. With over 25 years of combined experience, our Colorado roots are deep because our market experience in commercial real estate is firsthand. This positions us to help clients reach their business and financial goals while ensuring their best interests are always protected. As a team, we might not appear as your typical brokerage – and that’s by design. Even though we’ve been in the industry for more than two decades, we are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no internal competition because our purpose is aligned. This reduces internal competition and makes us more productive on a per broker/agent basis. We love coming to work every day because we love helping our clients achieve their goals. You might find us in jeans instead of slacks, outside meeting people instead of in our office. We do things differently because we are different.
For more information, please visit www.nexus-cr.com.
