facebook

traded

+ Submit
Home

/

Deals

/

Colorado

/

Multifamily

/

Sale

/

10756 E Virginia Ave Aurora...

Trion Properties, Inc. Acquires MultiFamily Property In Aurora For $41.4M
SOLDMultiFamily

Trion Properties, Inc. Acquires MultiFamily Property In Aurora For $41.4M

10756 E Virginia Ave Aurora, CO 80012, USA

$41,400,000

$291/SF

Building Size

142,260 SF

Asset Type

MultiFamily

Closing

Jun 29, 2023

AI

The multi-family property located at 10756 East Virginia Avenue in Aurora has been sold for a total price of $41,400,000. The property consists of 198 units, with an average price per unit of $209,091. The total square footage of the property is 142,260, with a price per square foot of $291. The transaction took place on 06/29/2023.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $41,400,000
  • Units: 198
  • Price Per Unit: $209,091
  • Square Footage: 142,260
  • Price Per Square Foot: $291
  • Address: 10756 East Virginia Avenue
  • Market: Aurora

The buyers of the property are Trion Properties, Inc. represented by Mitch Paskover, Max Sharkansky, Farhan Mahmood, David Moghavem, Oleg Enik, and Nick Paskhover. The brokers involved in the deal are Nick Steele and Frank Farrell from Berkadia.

Players

Nick Steele

Berkadia

Broker

$69.7M

vol

2 deals

Broker
Mitch Paskover

Mitch Paskover

Trion Properties

Buyer

$775.2M

vol

13 deals

Buyer

Aurora MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93