NorthPeak Commercial Advisors Sells Lakewood Multifamily Asset For $10.5M

An apartment building located at 1975 Oak Street in Lakewood, CO, was sold for $10.5 million. The property consists of 42 units spanning 33,703 square feet, equating to $250,000 per unit and $312 per square foot.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Units: 42
• Price Per Unit: $250,000
• Square Footage: 33,703
• Price Per Square Foot: $312
• Address: 1975 Oak Street
• Market: Lakewood, CO

Joe Hornstein, Kevin Calame, Matt Lewallen, and Scott Fetter from NorthPeak Commercial Advisors were the brokers who facilitated the sale of the apartment building. The deal was successfully closed in the Lakewood area near Denver.