Cadence Capital Acquires Multifamily Portfolio In Lakewood, Colorado For $17.65M With Buyer's Rep Darrin Mainstain & Alex Mirman

A multifamily property located at 1210 Pierce St., 1230 Pierce St., 1150 S. Allison St., and 200 S. Ammons St. in Lakewood, Colorado has been sold. The property consists of 92 units with a total square footage of 69,409. The sale price for this transaction was $17,650,000, which translates to a price per unit of $191,848 and a price per square foot of $254.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $17,650,000
• Market: Lakewood, Colorado
• Buyer: Cadence Capital (www.cadence-capital.com) - Darrin Mainstain & Alex Mirman
• Seller: Karen Caldwell
• Brokers: Greg Price, Greg Parker & Spencer Shaffer - Marcus & Millichap
• Units: 92
• Price per Unit: $191,848
• Total Square Footage: 69,409
• Price per Square Foot: $254

The buyer, Cadence Capital represented by Darrin Mainstain and Alex Mirman, acquired the property from the seller, Karen Caldwell. The sale was facilitated by brokers Greg Price, Greg Parker, and Spencer Shaffer from Marcus & Millichap.