Henry Group Brokers Sale of Self-Storage and Small-Bay Industrial Real Estate Portfolio
Henry Group Real Estate announced the successful brokerage of a $11,500,000 self-storage and small-bay industrial real estate portfolio transaction. High Noon Associates, LLC was the seller and State Storage Colorado LLC was the buyer. The sale closed on December 16, 2024.
The seller was exclusively represented by Henry Group Real Estate brokers Patrick Henry, Boston Weir, and Colton Murphy, who orchestrated the sale of the strategically located properties in the Denver metropolitan area. The buyer, State Storage Colorado LLC, was unrepresented.
The portfolio included:
70th Avenue Self-Storage Facility
- Situated on 5.32 acres of land
- 429 total storage units
- 75,664 SF of total space
Small-Bay Industrial Building
- Located on 1.96 acres
- 19,200 SF Building
- 16 office/warehouse units
- Located on 1.96 acres
Situated at the convergence of I-25, I-70, and I-76, the properties benefit from prime transportation infrastructure, providing tenants with optimal accessibility and market exposure.
Pinnacle Announces Sale of 30 Units in Denver
Pinnacle Real Estate Advisors, LLC announced the successful sale of Hawk Point Apartments, a 30-unit multifamily property located at 3600 S Lowell Boulevard in Denver. The transaction closed on November 26 at a final sale price of $4,975,000, equating to $165,833 per unit.
Constructed in 1974, Hawk Point Apartments offers an affordable mix of (20) 1-bedroom/1-bathroom units and (10) 2-bedroom/1-bathroom units. Around half of the units had been renovated by the seller, which proved a further renovation play for the buyer with updated finishes that aligned better with current tenant expectations in Denver’s competitive rental market. The property featured significant capital improvements already made by the seller, including newer windows and a modernized boiler system, making it an attractive investment opportunity.
Jim Knowlton, owner/principal at Pinnacle Real Estate Advisors, LLC, represented the seller in this transaction, leveraging his extensive market knowledge and expertise to secure favorable terms. Robert Lawson, principal at Pinnacle Real Estate Advisors, LLC, represented the buyer, utilizing his strong relationship with the buyer and tenured insight to facilitate their first acquisition into the Colorado rental market.
“Hawk Point Apartments presented an exceptional value proposition for both parties, combining a desirable unit mix, strong rental upside, and recent upgrades,” said Robert Lawson. “Our clients are excited to continue modernizing the property by renovating units, common areas, and the exterior, while strategically increasing cash flow. The property required a complete electrical rewire prior to closing to secure insurance, which presented many challenges and required experienced brokers to negotiate and navigate this complex situation. Jim and the seller selected the right buyer to execute the task which was critical to getting this one to the closing table. We look forward to seeing the improvements the buyer is making and assisting in creating long-term success for our clients.”
“This transaction is yet another example of the trusted relationships we build at Pinnacle Real Estate Advisors,” said Jim Knowlton. “I’m honored to have represented the seller once again in achieving their investment goals. Through our close collaboration and strategic planning, we were able to highlight the value of the property’s existing improvements and future potential. Helping my client navigate the complexities of this sale, including the property’s electrical rewire requirements, was a rewarding experience. I’m excited to see how the buyer’s plans will further enhance Hawk Point Apartments and contribute to their long-term success.”
NorthPeak Commercial Advisors Brokers 20-Unit Multifamily Property in Denver
NorthPeak Commercial Advisors announced the sale of 195 Jackson St., Denver, a 20-unit, 13,850-square-foot multifamily building. The property sold for $6.3 million.
Kevin Calame and Matt Lewallen worked with the buyer and seller in this transaction.
“Through diligent efforts, NorthPeak was able to orchestrate a transaction that aligned the precise needs of both the seller and the buyer,” stated Lewallen. “The seller walked away very happy, having achieved his desired outcome, and the buyer was very excited as he was able to acquire a coveted asset that perfectly matched his investment goals and long-term vision.”
Multifamily Land Development for 192-Units Sold in Parker
Colliers Multifamily Advisory Group announced the sale of the multifamily site at Chambers High Point in Parker. The approximately 11.23-acre site is located south and west of the intersection of Chambers and E-470. Garrett Companies will break ground in early 2025, the site will be home to a 192-unit, luxury multifamily community.
Garrett Companies acquired the site in an “off-market” transaction.
