Denver, CO – September 17, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 250 Harrison St, located at Denver, CO 80206 in Denver, CO.
Principals Joe Hornstein & Scott Fetter (NorthPeak Commercial Advisors) represented the Buyer in this transaction.
“The Buyers were in 1031 exchange, and we were able to put a deal together before it hit the open market due to existing relationship with Seller/Property Manager,” Hornstein said. “The Buyers are thrilled with their ability to purchase this property in above average location/condition in Cherry Creek North submarket.”
For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com.
SALE HIGHLIGHTS
Property Type: Multifamily
Closed Date: September 17, 2021
Address: 250 Harrison St, Denver, CO 80206
Sale Price: $3,075,000
Number of Units: 5 ($615,000/Unit)
Property SF: 6,350 SF ($484/SF)
Cap Rate: 4.64%
