Marcus & Millichap Brokers Facilitate $27M Multifamily Sale In Denver, CO
SOLD
Colorado
See Similar DealsMultiFamily
Sold 04/21/2023
SOLD
Marcus & Millichap Brokers Facilitate $27M Multifamily Sale In Denver, CO
12146 West Nevada Drive, Denver, Colorado 80228, United States
See Similar DealsMultiFamily
Sold 04/21/2023
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 12144-12146 W Nevada Dr in Denver, CO has been sold for a total of $27,000,000. This property consists of 96 units, with a per unit price of $281,250.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Address: 12144-12146 W Nevada Dr, Denver, CO
- Market: Denver, CO
The deal was facilitated by brokers Kent Guerin, Jason Hornik, and Greg Parker from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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