CBRE Announces $1.145 Million Sale of 7-Unit Multifamily Property in Denver’s Capitol Hill Neighborhood

14 Jul 2020

1159 Corona

CBRE announced the $1.145 million sale of 1159 Corona Street, a 3,724-sq.-ft. multifamily property in Denver, Colo. Robert Bratley with CBRE’s Denver office represented the buyer, private local investor, who acquired the property in a sale that closed July 1.

 

Denver’s multifamily market remains strong, but cash is still king as evident by this all-cash transactionwhich closed in 23 days. The seller was willing to take an offer below market to trade into another investment,” said Robert Bratley, First Vice President, CBRE.

 

Located in the Capitol Hill neighborhood1159 Corona Street is a seven-unit property featuring hardwood floors, original interior staircase, vintage wood/stained glass built-ins in some units, and off-street parking. The buyer plans to fully renovate the building.

 

The property is four blocks away from Cheesman Park, and a five-minute walk from King Soopers. Additionally a large natural grocer will be opening one of their locations with a taproom a couple of blocks away

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.