Berkadia Completes $21.25 Million Sale of Multifamily Property in Denver
DENVER – September 20, 2022 – Berkadia announced today the sale of 757 Grant, a 68-unit multifamily property located in Denver, Colorado. Senior Directors Nick Steele and John Laratta and Directors Tyler King and Nate Moyer of Berkadia Denver investment sales completed the $21.25 million sale on behalf of the seller, Colorado-based LCP Development. The buyer was California-based Cohen Rojas Capital Partners, and the deal closed on September 13.
“This was a really special assignment for the Berkadia team in light of the developer, Jonathan Bush’s untimely passing,” said King. “The asset has a storied past and we were honored to help pass the torch to the new owner, Cohen Rojas Capital Partners. The asset was well received in the market and attracted significant interest, despite choppy capital markets. We’re eternally grateful for the assignment and to the buyer and seller for a smooth transaction.”
Located at 757 Grant St., the property features studio floor plans with in-unit washers and dryers and walk-in closets. Community amenities include a fitness center and a rooftop terrace. The property affords residents convenient access to Denver Country Club, Denver Art Museum, Denver Zoo and the shops and restaurants near East 7th Avenue and East 8th Avenue.