Cap Hill 45-Unit Sells for $11.1 Million

The Vicinity | 1010 E 13th Ave, Denver, CO 80218

Denver, CO – August 11, 2022 – Kaufman Hagan is pleased to announce the sale of The Vicinity, a 45 unit multifamily property located in Denver for $11,100,000.

Kaufman Hagan Principal & Senior Advisor, Brandon Kaufman, along with Kaufman Hagan Broker, Will Scherman, represented both parties in this transaction.

“This was a great transaction that took a lot of teamwork and communication from all parties. The loan assumption and affordability component required full cooperation and attentiveness from everyone.
The Buyer plans to lightly renovate units and continue to improve upon what was already a successful operation.”
Brandon Kaufman, Principal & Senior Advisor, Kaufman Hagan Commercial Real Estate

For more information on this transaction or to discuss multifamily investing, please contact Brandon Kaufman at 303-547-7357 or bkaufman@khcommercial.com

SALE HIGHLIGHTS

Property Type: Multifamily
Closed Date: August 11, 2022
Property: The Vicinity – 1010 E 13th Ave, Denver, CO 80218 | 45 Units | 30,561 SF (includes basement)
Sale Price: $11,100,000
Price/Unit: $246,667
Price/SF: $363