Bobby Hutchinson & Joe Hornstein announce the following apartment building sale in Denver, Colorado: 30 South Pearl Street
Posted on Wed, Jul 01, 2009
30 South Pearl St is a 35 unit Apartments building in Denver's West Washington Park neighborhood. The 19,164 square foot building is made of solid brick and was constructed in 1969. The unit mix consists of 32 - 1BR/1BA and 3 - 2BR/1BA apartments. Bobby Hutchinson & Joe Hornstein were transaction brokers working directly with both Buyer and Seller. The Seller was BPMA Apartments, LLC and the Buyer was 30 S Pearl, LLC. This transaction closed on July 1, 2009 and the contract price was $2,227,500 or $63,643 per unit, this is a cap rate of 5.76%.