Denver, CO (April 30, 2015) — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, recently brokered the sale of 3-unit multifamily building located at 720 South Logan Street in the desirable neighborhood of Washington Park in Denver, Colorado.
UAG represented both the undisclosed buyer and undisclosed seller in this transaction. The Property sold for all cash with a very quick close for $625,000 or $208,333 per unit.
Constructed in 1953, the Seller owned the Property for an extended period and decided to capitalize on the active Denver Multifamily market. The new ownership plans to renovate the Property and achieve premium rental rates that stand parallel to other comparable buildings in this desirable location. Fully leased at the time of sale, current tenants enjoy close proximity to Washington Park, Cherry Creek shopping district, restaurants and excellent public transportation.
To schedule an interview with a Unique Apartment Group broker regarding this transaction or for more information about Unique Properties, Inc., from a corporate standpoint, please contact Natalia Griffin at ngriffin@uniqueprop.com, 720.881.6320.
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