NorthPeak Commercial Advisors’ Post

JUST LISTED! 10541 W 7th Pl. is the perfect opportunity for an investor who is seeking an updated property with little to no deferred maintenance or hassle. All four units are a spacious 2bed/1bath layout with private balconies or patios. 3 of the 4 units have been updated with new paint, LVP floors, and granite countertops. The building has been meticulously maintained with clear pride of ownership. Recent improvements include a new roof (2018), updated boiler (2009), and vinyl windows. Residents enjoy on-site laundry and are a short drive to shopping and entertainment at Belmar and Colorado Mills. VIEW PROPERTY: https://lnkd.in/g8sMzr-7 PROPERTY HIGHLIGHTS 🏠 Address: 10541 W 7th Place, Lakewood, CO 80215 💰 List Price: $1,050,000 📐 Property Size: 3,576 SF 🏢 Total Units: 4 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing #lakewood

JUST LISTED! 700 South Pearl is an irreplaceable mixed-use property in the heart of Denver’s West Washington Park neighborhood. Originally home to a turn-of-the-century drug store, the building contains nine one-bedroom apartments and a stunning storefront office suite. The property is being marketed for the first time in over 40 years! The building anchors a charming block of commercial spaces and small businesses that serve the surrounding community. Residents enjoy the quiet convenience of the neighborhood and its namesake, Denver’s iconic Washington Park, that is a short walk away. VIEW PROPERTY: https://lnkd.in/gqvCBx8W PROPERTY HIGHLIGHTS 🏠 Address: 700 S Pearl St. & 620 E Exposition Ave., Denver, CO 80209 💰 List Price: $2,050,000 📐 Property Size: 6,754 SF 🏢 Total Units: 10 🏠 Property Type: Multifamily/Office #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

JUST LISTED! 1135-1139 Lipan Street Apartments feature 6 charming units situated in Denver’s vibrant Lincoln Park Neighborhood. Constructed in 1890, the property exudes a unique vintage appeal. It’s conveniently located just steps from a variety of events, music venues, restaurants, and shops. The apartment mix includes 4 one-bedroom units and 2 large one-bedroom units. There is one to one off street parking and a common laundry facility. VIEW PROPERTY: https://lnkd.in/gDYDtDp4 PROPERTY HIGHLIGHTS 🏠 Address: 1135-1139 Lipan St., Denver, CO 80204 💰 List Price: $1,325,000 📐 Property Size: 3,306 SF 🏢 Total Units: 6 🏠 Property Type: Multifamily #realestate #denverrealestate #denver #multifamily #northpeak #northpeakcre #property #listing

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 2045 S Josephine St., Denver, CO 80210. Jack Sherman and Hunter Schaefer of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "On the sell side, we were pleased with the pricing we were able to get in a difficult market to help our clients make a lifestyle transition into a different asset," stated Sherman. "My sellers had owned and meticulously maintained this property for the last 20+ years and it showed during the marketing process. My team was able to generate multiple offers in the first 2 weeks to allow my sellers to choose which one fit their needs the best." "On the buy side, this client is excited to buy in an irreplaceable location just a block away from DU campus where there is very limited supply of this product and future development opportunities." 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/gkYvpNjc SALE HIGHLIGHTS 🏠 Address: 2045 S Josephine St., Denver, CO 80210 💰 Sale Price: $1,200,000 📅 Close Date: September 18, 2024 🏢 Total Units: 4 ($300,000/Unit) 📐 Property Size: 2,917 SF ($411/SF) 📈 Current Cap Rate: 4.1% 📈 Pro Forma Cap Rate: 5.8% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 8085 Oneida St., Commerce City, CO 80022. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the seller while Drew Williams of NorthPeak Commercial Advisors worked with the buyer in this transaction. "The seller has owned this property since 2016 and sought to reallocate his equity into a more passive investment," stated Calame. "We listed the property and successfully secured an excellent sales price for him and will assist in transferring those funds into an asset that offers a lower risk return with zero active management." 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/g6tTrKRY SALE HIGHLIGHTS 🏠 Address: 8085-8095 Oneida St., Commerce City, CO 80022 💰 Sale Price: $5,500,000 📅 Close Date: September 12, 2024 📐 Property Size: 36,000 SF ($153/SF) 📈 Cap Rate: 6.05% 🏢 Property Type: Industrial #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #commercecity

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 757-761 Oak St., Lakewood, CO 80215. Hunter Schaefer and Jack Sherman of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "This is an example of strong NorthPeak relationships and repeat business," stated Schaefer. "On the sell side, the Schaefer Sherman team has done over a dozen deals with this client and was happy to deliver a smooth, all cash, 30 day close. In a market where deals are taking 6 months to sell and often closing below asking, we were able to generate strong activity. This deal sold off market within a week of listing after 8 quality tours and multiple aggressive offers. We were also able to source a Buyer internally at a reduced fee. In a challenging market, the Seller was happy to post a small win and refocus on other asset types. On the Buy side, we have continued to help the Buyer grow his local portfolio with 3 purchases in the last 12 months. Ultimately, this Buyer won the deal because of speed and a strong track record. We like to think this was an attractive deal because of the well maintained major systems, 8-10% cash on cash, and strong upside." 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/gtevECyn SALE HIGHLIGHTS 🏠 Address: 757-761 Oak St., Lakewood, CO 80215 💰 Sale Price: $2,525,000 📅 Close Date: September 16, 2024 🏢 Total Units: 12 ($210,417/Unit) 📐 Property Size: 10,728 SF ($235/SF) 📈 Current Cap Rate: 6.4% 📈 Pro Forma Cap Rate: 7.2% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #lakewood

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1050-1058 Pearl St., Denver, CO 80203. Dan Hawthorne of NorthPeak Commercial Advisors worked with the buyer in this transaction. "In 2022, these two buildings were appraised at $5.5M, reflecting the peak of the market," stated Hawthorne. "However, current conditions show a significant shift, with inventory levels remaining high and many properties not reaching the closing table. This portfolio exemplifies the market's adjustment, where properties are typically being discounted by 15% to 30% from their 2021-2022 values. Priced at $4M, this represents a 27% discount from the market’s peak two years ago. I had the pleasure of securing these properties for my client, who stands to benefit significantly given their favorable purchase price and the excellent condition of both buildings. These properties have been carefully maintained over multiple generations, reflecting the pride and care of the previous owners. The buyers plan to renovate majority of the units while preserving the buildings' historical integrity, alongside upgrading the electrical systems and replacing all galvanized plumbing.” For more information on this investment or current market conditions, please contact Dan Hawthorne at (406) 531-4246 or Dan@NorthPeakCRE. READ PRESS RELEASE: https://lnkd.in/gg-HD6GZ SALE HIGHLIGHTS 🏠 Address: 1050-1058 Pearl St., Denver, CO 80203 💰 Sale Price: $4,000,000 📅 Close Date: September 6, 2024 📐 Property Size: 17,258 SF ($232/SF) 🏢 Units: 22 ($181,818/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 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 1301 E 33rd Ave., Denver, CO 80205. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the seller while Robert Lawson of Pinnacle worked with the buyer in this transaction. “The seller has owned this property since 2009 and sought to reallocate his equity into a more passive investment,” stated Calame. “We listed the property and successfully secured an excellent sales price for him and will assist in transferring those funds into a property that offers a higher return with less active management.” 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/dr5U5Wft SALE HIGHLIGHTS 🏠 Address: 1301 E 33rd Ave., Denver, CO 80205 💰 Sale Price: $3,575,000 📅 Close Date: August 21, 2024 🏢 Total Units: 15 ($238,333/Unit) 📐 Property Size: 10,740 SF ($333/SF) 📈 Cap Rate: 4.9% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

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