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

Property Image
SOLD
$6,200,000

Colorado

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MultiFamily14,415 SF
Sold 08/14/2023
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Property Image
SOLD

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

See Similar Deals
MultiFamily14,415 SF
Sold 08/14/2023
Contact now

Summary

COLORADO
Asset Type:MultiFamily
Price Per Square Foot:$430
Total Square Footage:14,415 SF
Transaction Type:Sale

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
3 deals$14.6M volume(303) 818-1805
BROKER

Greg Johnson
NorthPeak Commercial Advisors
4 deals$18.5M volume(303) 810-1328
BROKER

Details

SOLD
IMAGE: Conner Piretti & Greg Johnson DATE: 08/14/2023 ADDRESS: 1115 Logan St MARKET: Denver, CO ASSET TYPE: MultiFamily BROKERS: Conner Piretti & Greg Johnson - NorthPeak Commercial Advisors SALE PRICE: $6,200,000 UNITS: 28 ~ PPU: $221,429 SF: 14,415 ~ PPSF: $430 NOTE: NorthPeak Commercial Advisors has facilitated the sale of a residential property at 1115 Logan St. in Denver's Capitol Hill neighborhood for $6.2 million, amounting to $221,428 per unit.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
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