Affiliate Of Clear Capital Sells Lakewood Multifamily For $27M With Marcus & Millichap
12160 West Nevada Drive Lakewood, Colorado 80228, USA
$27,000,000
Units
96
Asset Type
MultiFamily
Closing
May 26, 2023
AI
A multifamily property located at 12160 West Nevada Drive in Lakewood, CO has been sold for $27,000,000. The property consists of 96 units, with a price per unit of $281,250. The sale took place on 04/26/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Units: 96
- Price Per Unit: $281,250
- Date: 04/26/2023
- Address: 12160 West Nevada Drive
- Market: Lakewood, CO
The seller of the property was an affiliate of Clear Capital, while the sale was facilitated by Marcus & Millichap, serving as the broker.
Players
Lakewood 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93