Denver – Nexus Commercial Realty, LLC, has closed on the sale of The Abbey at Westminster, a 16-unit multifamily property at 7120 Hooker Street for the sale price of $2,550,000. Austin Smith and Sean Holamon of Nexus represented the Seller, 7120 Hooker LLC, Gunnar Wilson, Brandon Kaufman and Nik MacCarter represented the buyer, Claude and Tiffany Cismaru.
The Abbey at Westminster is an 11,888 square foot building that contains 16 multifamily units. There are a mix of 1- and 2-bedroom units, some of which have been renovated. The building has been very well maintained over the years and has a new roof and laundry facility.
7120 Hooker St. is conveniently located less than 1,000 feet from the Westminster Light Rail Station near the intersection of W 72nd and Hooker St. This transit-oriented location has allowed the owner to raise rents considerably since the Light Rail has been active.
The buyer plans to continue renovating the units and creating a great community for the tenants. They plan to increase rents as they turn units.
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About Nexus Commercial Realty, LLC:
Nexus is a full-service firm for the Multi-Family commercial real estate industry in Denver. Our firm specializes in acquisitions, dispositions, seller rep, buyer rep, and advisory services. We provide high caliber services to owners and investors delivered with the focused attention only a privately-owned firm can offer. After operating successfully for over 25 years, 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.
