Updated Dec 21, 2024
Denver Cascade LLC Sells 382-site Manufactured Home Community In Denver For $62 Million
9650 Federal Boulevard
$62,000,000
Units
382
Asset Type
Manufactured Home
Closing
Dec 18, 2024
About this deal
AI
The property involved in this transaction is a manufactured home community consisting of 382 units located on a 48-acre site at 9650 Federal Boulevard in Denver, CO. The sale was completed for a total amount of $62,000,000, with the price per unit calculated at $162,304.
Summary of transaction details:
- Property Type: Manufactured Home
- Transaction Amount: $62,000,000
- Address: 9650 Federal Boulevard, Denver, CO
- Units: 382
- Price Per Unit: $162,304
- Seller: Denver Cascade LLC
- Brokerage: CBRE
- Broker Representatives: Erik Edwards, Jez Lawson, Myles McGinnis, Jon Shay & Norm Sangalang
This transaction was facilitated by CBRE's Manufactured Housing & RV Resorts team, representing the seller, Denver Cascade LLC. The deal involved an undisclosed buyer acquiring the property, highlighting the active market for manufactured home communities within the Denver area.
On the Map
$62,000,000
Manufactured Home
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Players
Denver Manufactured Home Market Snapshot
Boundary boundary · Manufactured Home · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93