Denver, CO – July 22, 2021 – NorthPeak Commercial Advisors, LLC is pleased to announce the sale of 2700-2738 Monroe Street in Denver, CO.
Principals Matt Lewallen & Kevin Calame (NorthPeak Commercial Advisors) represented both parties in this transaction.
“Both buyer and seller were very happy to make this transaction. The seller will take this opportunity to put the proceeds into larger assets that further their mission of providing affordable housing, while the buyer looks forward to giving the already nice asset a facelift and providing top-notch workforce housing.” – Matt Lewallen, NorthPeak Commercial Advisors.
For more information on this investment or current market conditions, please contact Matt Lewallen at 303-210-1623 or Matt@NorthPeakCRE.com.
SALE HIGHLIGHTS
Property Type: Multifamily
Address: 2700-2738 Monroe Street, Denver, CO 80205
Number of Units: 13
Property SF: 10,139 SF
Sale Price: $3,000,000
Sold Date: July 22, 2021
Price Per Unit: $230,769
Price/SF: $296
Cap Rate: 5.1%
About NorthPeak Commercial Advisors
We’re a collection of experienced real estate brokers committed to relationships built on results. We share a belief that our client’s goals take priority over our transaction results and we’ve been rewarded with long-term relationships with investors who trust us. As a brokerage, we are committed to remaining a small firm with high caliber individuals allowing investors more access to experienced advisors – we stress quality over quantity. The not-so-secret to our success is our 50+ years of investment experience in the Denver market and our commitment to collaboration among ourselves and our peers. Sharing our relationships and opportunities with other brokers in our market assures our clients access to the best deals. We aren’t defined by our individual success, we are defined by the success of investors who we are fortunate to call clients.
