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Affiliate Of Clear Capital Sells Lakewood Multifamily For $27M With Marcus & Millichap
SOLD
$27,000,000
Colorado
See Similar DealsMultiFamily
Sold 05/26/2023
SOLD
Affiliate Of Clear Capital Sells Lakewood Multifamily For $27M With Marcus & Millichap
12160 West Nevada Drive Lakewood, Colorado 80228, USA
See Similar DealsMultiFamily
Sold 05/26/2023
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
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
SELLER
Details
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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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