On Thursday August 11th, Greg Johnson, Kyle Malnati, Carly Juve, and Ana Malnati, hosted a private client luncheon at 1435 Franklin Street (once known as the Cheesman Suites) to showcase the beautiful renovations that RedPeak completed this summer. This 12-unit apartment building was owned by The Flegas Family, two brothers that immigrated from Greece. The Flegas brothers owned and operated Cheesman Suites for 40 years.
We sold this building off-market to RedPeak in January 2016, for $1,735,000. Sale details here. On the date of this event RedPeak had 9 out of the 12 units leased for $1,215. Before the renovation rents were set between $500-$550. We had over 15 guests tour this property, which featured two apartments, the laundry room and the boiler room. Event photos and brochure below:
A tremendous thank you to Bobby Hutchinson, Chief Investment Officer and Partner of RedPeak, for allowing us to host this event. We received a vast amount of compliments on the renovation and everyone was excited to see the reveal. For leasing info check out 1435 Franklin on RedPeak’s Website.
Kyle Malnati 303-358-4250
Greg Johnson 303-343-8333
Madison & Company Properties
Madison Commercial Properties
1221 South Clarkson Street, #400
Denver, CO 80210