1318-1322 N. Marion Street Sells for $1,625,000

Sold

$1,625,000

March 20, 2024

Announcing the Sale 1318-1322 N. Marion Street in Denver, CO

Denver, CO – March 28, 2024 – Madison Commercial Properties, LLC is pleased to announce the sale of 1318-1322 N. Marion Street in Denver.  The 5,064 SF, 6-unit multi-family property located in the Capitol Hill submarket sold on March 20, 2023, for $1,625,000 (5.75% Cap Rate, $320/SF, $270,833/Unit).

Doug Gates, Commercial Real Estate Advisor with Madison Commercial Properties, LLC represented the seller, Judd Robertson with Adriatic Ventures LLC in the transaction.  Rick Flanagan with Red Chair Realty Advisors, LLC represented the buyer, Andrew Gettelman with 1600 Jay, LLC.

“We were able to generate significant interest upon bringing this asset to market.  After receiving multiple offers, we ended up choosing an investor with 1031 exchange funds looking to add to his commercial real estate portfolio.  It was an honor and a pleasure working with the seller in this transaction.  I wish him the best of luck and look forward to assisting him in future commercial real estate ventures!” stated Doug Gates, Commercial Real Estate Advisor with Madison Commercial Properties, LLC.