Updated Oct 28, 2024
Brinkman Real Estate Sells Federal Heights Multifamily For $24.6M
120 E Grace Pl, Federal Heights, CO 80221, USA
$24,600,000
Units
94
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
AI
The multifamily property located at 120 E Grace Place in Federal Heights, CO has been sold for a total price of $24,600,000. The property consists of 94 units, resulting in a price per unit (PPU) of $261,702. The sale transaction was facilitated by the brokerage firm Walker & Dunlop, with brokers Jake Young, David Potarf, Dan Woodward, and Matt Barnett representing the seller, Brinkman Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,600,000
- Address: 120 E Grace Place, Federal Heights, CO
- Market: Federal Heights, CO
- Units: 94
- Price Per Unit: $261,702
- Seller: Brinkman Real Estate
- Brokers: Jake Young, David Potarf, Dan Woodward, and Matt Barnett - Walker & Dunlop
The sale of this multifamily property represents a significant transaction in the Federal Heights market. This deal highlights the expertise and efficiency of the brokers from Walker & Dunlop, who successfully represented Brinkman Real Estate throughout the negotiation and closing process.
Players
Denver 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93