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
Aurora MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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