Updated Dec 21, 2023
FCP And Avanti Residential Acquire Multifamily Property In Northglenn, CO For $55M
10648 Huron Street, Northglenn, Colorado 80234, United States
$55,000,000
Units
252
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
The multifamily property located at 10648 Huron St in Northglenn, CO has been sold for a total of $55,000,000. This property consists of 252 units, with a per-unit price of approximately $218,254.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,000,000
- Units: 252
- Price Per Unit: $218,254
- Buyer: FCP - Bart Hurlbut & Avanti Residential - Christian Garner
- Market: Northglenn, CO
The buyer of this multifamily property is a collaboration between FCP, represented by Bart Hurlbut, and Avanti Residential, represented by Christian Garner.
Players
Northglenn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $218.3K per unit across 252 units on a published $55M (2022).
Browse Colorado multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93