NorthPeak Commercial Advisors’ Post

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1270 N Logan St., Denver, CO 80203. Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer in this transaction. "I'm excited for my client who is buying this property to add to his existing portfolio in central Denver," stated Sherman. "He plans to stabilize this deal by renovating the units, improving the quality of life for the tenants, and raising rents to market. At $175k/unit for this location, I think he is going to do well in the immediate and long term." READ PRESS RELEASE: https://lnkd.in/gcin6Pby SALE HIGHLIGHTS 🏠 Address: 1270 N Logan St., Denver, CO 80203 💰 Sale Price: $1,400,000 📅 Close Date: August 21, 2024 📐 Property Size: 5,110 SF ($274/SF) 🏢 Units: 8 ($175,000/Unit) 📈 Cap Rate: 5.7% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1888 S Garfield St., Denver, CO 80210. Greg Johnson, Conner Piretti, and Austin Bengford of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. “The Johnson-Piretti team was thrilled to work with both the buyer and seller in getting this transaction across the finish line,” stated Bengford. “The sellers, who have owned and managed the building for the past 6 years, are looking to cash out and exchange into a more passive investment. Meanwhile, the buyers are excited to acquire a solid asset for their first multifamily investment property.”  For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com SALE HIGHLIGHTS 🏠 Address: 1888 S Garfield St., Denver, CO 80210 💰 Sale Price: $1,300,000 📅 Closed Date: March 26, 2024 🏢 Total Units: 4 ($325,000/Unit) 📐 Property Size: 3,288 SF ($395/SF) 📈 Current Cap Rate: 5.1% 🏠 Property Type: Multifamily READ PRESS RELEASE: https://lnkd.in/gR5X_WS9 #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1638 N Franklin St., Denver, CO 80218. Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the seller while Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer in this transaction. "We got this deal done by leveraging in-house connections at NorthPeak after fully testing the open market," stated Sherman. "I was happy we were able to help my seller move on to the next chapter in her investment cycle. I think patience was key in allowing us to get this done in today's challenging market. We were able to achieve a top of market price per pound by simultaneously offering top of market returns for the buyer." For more information on this investment or current market conditions, please contact Jack Sherman at 303-903-9638 or Jack@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dbFipnUj SALE HIGHLIGHTS 🏠 Address: 1638 N Franklin St., Denver, CO 80218 💰 Sale Price: $1,495,000 📅 Close Date: July 22, 2024 🏢 Total Units: 6 ($249,167/Unit) 📐 Property Size: 4,264 SF ($351/SF) 📈 Cap Rate: 6.28% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 2446 Clay St., Denver, CO 80211. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer while The Henry Group worked with the seller in this transaction. “The Buyer was in a 1031 exchange out of California and was looking to place equity into a market where they own multiple apartment buildings,” stated Calame. For more information on this investment or current market conditions, please contact Kevin Calame at 303-263-6260 or Kevin@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/g53d6U8Y SALE HIGHLIGHTS 🏠 Address: 2446 Clay St., Denver, CO 80211 💰 Sale Price: $2,200,000 📅 Closed Date: November 16, 2023 📐 Property Size: 5,040 SF ($436/SF) 🏢 Total Units: 11 ($200,000/Unit) 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 750 Dayton St., Aurora, CO 80111. Joe Hornstein and Scott Fetter of NorthPeak Commercial Advisors worked with the buyer in this transaction. "The buyer owns other properties nearby and saw this purchase as a strategic acquisition at a solid $122k/unit cost basis," stated Hornstein. "There is a good opportunity to update units and increase rental rates in the near term." For more information on this investment or current market conditions, please contact Joe Hornstein at 720-939-2943 or Joe@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dQ7hVAfM SALE HIGHLIGHTS 🏠 Address: 750 Dayton St., Aurora, CO 80111 💰 Sale Price: $2,575,000 📅 Closed Date: January 16, 2024 📐 Property Size: 11,250 SF ($228/SF) 🏢 Units: 21 ($122,619/Unit) 📈 Cap Rate: 5.92% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #aurora

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1632 Franklin St., Denver, CO 80218. Austin Bengford, Greg Johnson, and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction. “In what has been a challenging market, we successfully secured this off-market deal for our seller, achieving top-of-market pricing on a per unit basis,” stated Bengford. “This also marks our second Central Denver multifamily transaction with this buyer group in the last four months. Leveraging our deep connections and relationships within the neighborhood, we were able to identify the ideal asset for their exchange.”  For more information on this investment or current market conditions, please contact Austin Bengford at 970-692-3008 or Austin@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/dqPiKKqv SALE HIGHLIGHTS 🏠 Address: 1632 Franklin St., Denver, CO 80218 💰 Sale Price: $1,350,000 📅 Close Date: August 17, 2024 🏢 Total Units: 5 ($270,000/Unit) 📐 Property Size: 4,382 SF ($308/SF) 📈 Cap Rate: 5.5% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 967 Marion St., Denver, CO 80218. Greg Johnson and Conner Piretti of NorthPeak Commercial Advisors worked with the seller in this transaction. "We had a lot of interest in The Grace Margaret due to the pristine condition of the building and its location on one of the nicest blocks in Cheesman Park," stated Piretti. "With multiple offers in hand, the Seller chose to work with a local Buyer with strong ties to the neighborhood. Since the Buyer and Seller were each past clients, we were able to facilitate a cooperative transaction during a challenging time in the market." For more information on this investment or current market conditions, please contact Conner Piretti at 303-818-1805 or Conner@NorthPeakCRE.com. SALE HIGHLIGHTS 🏠 Address: 967 Marion St., Denver, CO 80218 💰 Sale Price: $5,000,000 📅 Closed Date: April 22, 2024 🏢 Total Units: 19 ($263,157/Unit) 📐 Property Size: 17,093 SF ($293/SF) 📈 Current Cap Rate: 4.29% 🏠 Property Type: Multifamily READ PRESS RELEASE: https://lnkd.in/gZD8m8ZT #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED!   NorthPeak Commercial Advisors is pleased to announce the sale of 1110 N Clarkson St., Denver, CO 80218.   Conner Piretti, Greg Johnson, and Austin Bengford of NorthPeak Commercial Advisors worked with the seller in this transaction.   "This sale was the culmination of a 10-year advisement relationship with the Seller," stated Piretti. "We are pleased to have facilitated her transition from decades of hands-on management to a more passive investment strategy going forward. The sale was made to an out-of-state investor who found this opportunity through our broad marketing reach, and they will utilize our friends at Klos Management to operate the building going forward.”   For more information on this investment or current market conditions, please contact Conner Piretti at (303) 818-1805 or Conner@NorthPeakCRE.com.   READ PRESS RELEASE: https://lnkd.in/gxw7pyE2   SALE HIGHLIGHTS 🏠 Address: 1110 N Clarkson St., Denver, CO 80218 💰 Sale Price: $1,585,000 📅 Close Date: September 4, 2024 📐 Property Size: 4,769 SF ($332/SF) 🏢 Units: 7 ($226,429/Unit) 📈 Cap Rate: 5.4% 🏠 Property Type: Multifamily   #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1025 N Clarkson St., Denver, CO 80218. Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "We like to think this was an example of the importance of hiring the right brokerage in a challenging market," stated Schaefer. "After 37 tours, we were pleased to present the Seller with an all cash 1031 buyer sourced by internal NorthPeak marketing. The Buyer is an owner occupant from out of state who was looking to move into core Denver. The deal is an older vintage built in 1896 and featuring a few sprawling floorplans from 1,100-1,400 SF. Selling points for the deal were excellent walkability, more than 1 parking space per unit, and recent improvements to the roof and garage." For more information on this investment or current market conditions, please contact Hunter Schaefer at 925-989-8930 or Hunter@NorthPeakCRE.com. READ PRESS RELEASE: https://lnkd.in/gbBGdXGT SALE HIGHLIGHTS 🏠 Address: 1025 N Clarkson St., Denver, CO 80218 💰 Sale Price: $1,150,000 📅 Closed Date: June 27, 2024 🏢 Total Units: 4 ($287,500/Unit) 📐 Property Size: 4,425 SF ($260/SF) 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

SH&T HAPPENS! I am currently representing a buyer who is looking to purchase a mid-size multifamily apartment building (6-8 units). We were able to beat out a handful of offers on an 8 unit apartment building that seemed to be a great fit for the client. This would be his first multifamily purchase. We entered into the final rounds of negotiations with only a few small items remaining. Out of the blue, I received a call from the listing agent saying that "something" came up and that the seller needs to pull the listing from the market. This was obviously disappointing news for my client and came as a surprise to us both. My client was understandably disappointed, but instead of focusing on the negatives, we huddled and highlighted the following noteworthy accomplishments: 1) We were able to beat out multiple buyers in a very competitive environment 2) We were able to get financing approved and in place, which can transfer forward 3) We were able to get construction estimates and vendors lined up on the project 4) As a first time buyer, my client is now prepared to act when a new opportunity presents itself 5) The seller will come to us first when they are ready to list the property again in the future as they were impressed with our process and my clients professionalism As brokers, we do our best to prepare and guide our clients through a competitive landscape. You can do everything right, and SH&T outside of anyones control can still blow up a deal in the final hour. My client is ready and is now reentering the market with more skills and a positive mindset that will ensure his future success as a multifamily investor. #multifamilyrealestate #commercialbroker #hawaiirealestate