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1115 Logan Street Denver, C...

Updated Sep 9, 2024

NorthPeak Commercial Advisors Facilitates $6.2M Sale Of MultiFamily Property On Logan St In Denver's Capitol Hill Neighborhood
SOLDMultiFamily

NorthPeak Commercial Advisors Facilitates $6.2M Sale Of MultiFamily Property On Logan St In Denver's Capitol Hill Neighborhood

1115 Logan Street Denver, Colorado 80203, USA

$6,200,000

$430/SF

Building Size

14,415 SF

Asset Type

MultiFamily

Closing

Aug 14, 2023

About this deal

AI

A residential property at 1115 Logan St. in Denver's Capitol Hill neighborhood has been sold for $6.2 million, with each unit priced at an average of $221,428. The property consists of 28 units, offering a total square footage of 14,415 at a price per square foot of $430.

Summary of transaction details

NorthPeak Commercial Advisors played a key role in facilitating the sale of the residential property at 1115 Logan St. Their expertise and negotiation skills contributed to the successful completion of the deal. The property's location in Denver's Capitol Hill neighborhood adds to its appeal, as it is a popular and sought-after area for residential investments.

Players

Conner Piretti

NorthPeak Commercial Advisors

Broker

$14.6M

vol

3 deals

Broker

Grand Rapids MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $430 per square foot on a published $6.2M for 14,415 square feet (2023).

Visit Conner Piretti to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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