NorthPeak Commercial Advisors’ Post

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 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 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 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 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 1341 N Cook St., Denver, CO 80206. Conner Piretti and Greg Johnson of NorthPeak Commercial Advisors worked with the seller while Kevin Calame and Matt Lewallen worked with the buyer in this transaction. This property marks The Johnson-Piretti Team's 14th transaction with this seller.  "The seller put significant time and money into renovating this property to a level that stands out in the neighborhood and we were happy to deliver a price that reflected his hard work," stated Piretti. "It's always a pleasure working with this seller and we love seeing buildings come full circle like this. They've created high-end housing at a still affordable level for the area and the buyer will benefit from a turn-key property with predictable cashflow moving 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/g_pVVKjD SALE HIGHLIGHTS 🏠 Address: 1341 N Cook St., Denver, CO 80206 💰 Sale Price: $5,009,000 📅 Close Date: November 22, 2024 🏢 Total Units: 17 ($294,647/Unit) 📐 Property Size: 9,113 SF ($550/SF) 📈 Current Cap Rate: 5.55% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 4630 E Asbury Cir., Denver, CO 80222. 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. "This was a prime example of my seller trusting my team through the full listing process and being patient to get to the desired outcome in a challenging market," stated Sherman. "We were able to get this done using multiple marketing campaigns, strong lender relationships and leveraging NorthPeak's expansive network of investors for Denver multifamily." "The buyer was looking to diversify their investment portfolio and felt Asbury would accomplish that goal," stated Calame. "The location, condition, and opportunity moving forward with this asset was appealing to this investor." 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/gHthi2XZ SALE HIGHLIGHTS 🏠 Address: 4630 E Asbury Cir., Denver, CO 80222 💰 Sale Price: $2,375,000 📅 Close Date: October 11, 2024 🏢 Total Units: 12 ($197,916/Unit) 📐 Property Size: 8,649 SF ($275/SF) 📈 Current Cap Rate: 5.2% 📈 Pro Forma Cap Rate: 6.7% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate

CLOSED! NorthPeak Commercial Advisors is pleased to announce the sale of 1326 Corona St., Denver, CO 80218. Kevin Calame and Matt Lewallen of NorthPeak Commercial Advisors worked with the buyer and seller in this transaction. "The Seller had owned this property for 28 years and felt this was time to sell and move to a more passive investment through a 1031 Exchange," stated Calame. "The Buyers are experienced with multi-family investments in the Denver area and continuing to expand their portfolio." "We are pleased to announce the successful closing of 1326 Corona Street, the first acquisition, of the Ninth Square Denver Multifamily Opportunity Fund," stated Thomas De Napoli of Ninth Square Real Estate Partners. "This transaction marks an important milestone in our strategic initiative to acquire and enhance multifamily properties in prime central Denver locations. The property, located at the nexus of the desirable Cheesman Park and Capitol Hill neighborhoods, is an 11-unit interior walk-up building acquired at an attractive basis that represents a significant discount from peak market prices. This acquisition underscores our commitment to identifying undervalued assets with significant upside potential. Our value-add strategy will include comprehensive renovations to the exterior, interior and units as well as more focused management to elevate the property's performance and market positioning. We are excited to begin the transformation of 1326 Corona Street, delivering premium living experiences for our residents and strong risk adjusted returns for our investors." 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/gBgAW3Ue SALE HIGHLIGHTS 🏠 Address: 1326 Corona St., Denver, CO 80218 💰 Sale Price: $2,235,000 📅 Closed Date: June 26, 2024 🏢 Total Units: 11 ($203,181/Unit) 📐 Property Size: 6,475 SF ($345/SF) 📈 Cap Rate: 5.8% 🏠 Property Type: Multifamily #sale #sold #closing #realestate #northpeak #northpeakcre #multifamily #property #denver #denverrealestate #denver

In the North Florida under 10-unit multifamily market, sales volume over the last 12 months is down slightly compared to the same time period last year. That being said, in recent months (Jan - April) volume has outpaced the same time period last year in both the Ocala & Gainesville markets. #multifamily #CRE #Investing