Capstone has closed the sale of 1000 s Logan Street in Denver, Colorado. The 20-unit multifamily property sold for the price of $4,125,000. Jason Koch and Adam riddle of Capstone brokered the transaction.
The vintage 1930’s property at 1000 s Logan Street is just blocks away from Wash Park enhances the appeal of this well-situated property, providing residents with both comfort and accessibility. Located about four miles south of Downtown Denver, Washington Park is a charming neighborhood known for its beautiful park, strong support for independent businesses, and its peaceful, family-friendly atmosphere.
Referred to as “Wash Park” by locals, the Washington Park neighborhood contains a picturesque 165-acre park filled with scenic tree-lined paths, two lakes, two flower gardens, and vast expanses of green space. Consistently chosen as Denver’s favorite park, Washington Park provides plenty of opportunities to get active outdoors or enjoy a picnic. Wash Park is also home to a bustling commercial district centered on Old South Gaylord Street, which boasts a bevy of locally owned shops, restaurants, and bars in converted 19th-century houses that comprise the neighborhood. The vibrant South Pearl Street is convenient to Wash Park as well, hosting a popular farmers’ market in addition to numerous annual festivals and events.
The buyer is acquiring this property with a focus on its potential for future development. With two successful projects completed in the area, the buyer acknowledges the scarcity and value of land in the submarket. While the specific plans are still in the works, the intention is to create another successful multifamily project on this site.
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
