Denver, CO, September 10th, 2020 – AQYRE Real Estate Advisors is pleased to announce the sale of a 19-unit office building, located at 1901 Kipling Street in Lakewood, Colorado for $1,225,000.
“This was a unique value-add opportunity in that there were multiple options to build on the existing property. The buyer was able to drastically increase his cash flow from his previous apartment building.” – Dan Hawthorne
AQYRE Principals Kevin Calame and Matt Lewallen represented the seller while AQYRE Advisors Dan Hawthorne & Jack Sherman represented the buyer.
For more information on this investment or current market conditions, contact Dan Hawthorne at 720-738-1941 or Dan@AQYRE.com.
SALE HIGHLIGHTS
Address: 1901 Kipling Street, Lakewood, CO 80215
Price: $1,225,000
Units: 19 Units (20 Units With Additional Project)
Price/SF: $194
Current Cap: 6.0%
ProForma Cap: 8.4%
Year Built: 1974
Opportunity to add additional office space
- Newly renovated exterior and interior
- High visibility on Kipling
- Ample parking
ABOUT AQYRE REAL ESTATE 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. We are not defined by our individual success; we are defined by the success of investors who we are fortunate to call clients.
