Denver, CO (May 30, 2018) — Greystone Unique Apartment Group, multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of a 38-unit multifamily asset located at 809 Dexter Street in Denver, Colorado. The Property sold for $7,400,000 or $194,736 per unit and closed on May 29, 2018. Brandon Kaufman and Nik MacCarter represented the buyer in this transaction.
Constructed in 1968, this 38-unit apartment complex has a unit mix of thirty-four 1-bedroom units and four 2-bedroom units. Prior to the sale, there were numerous property improvements including a new roof, stairs, landings, walkways, courtyard and common areas. The sale also included a separately deeded lot which consists of 24 parking spaces. Located in the Hale Neighborhood, Hanford House is within walking distance to the 9th and Colorado redevelopment a two million square foot urban infill project designed to include residential, office, retail and hospitality uses.
“The buyer was drawn to the area because of its proximity to the Cherry Creek Neighborhood, Rose Hospital and the impressive development at 9th and Colorado. Hanford House sold at a 5.00% cap rate with room to raise rents.” stated Brandon Kaufman.
To schedule an interview with an advisor regarding this transaction or for more information about Greystone Unique Apartment Group, please contact: Brandon Kaufman at bkaufman@uniqueprop.com or 720.638.5527.
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