Turnstone Capital Acquires Multifamily Property In Lakewood, CO For $15.1M
1220 Wadsworth Boulevard, Lakewood, Colorado 80214, United States
$15,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 29, 2022
AI
The multifamily property located at 1220 Wadsworth Blvd in Lakewood, CO has been sold in a closed transaction. The property, which is part of the residential real estate market, was sold for a total price of $15,100,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,100,000
- Date: 09/30/2022
- Address: 1220 Wadsworth Blvd, Lakewood, CO
- Market: Lakewood, CO
The buyer of the property is Turnstone Capital, while the seller is Notch Mountain Properties. The deal was facilitated by brokers Alex Possick and Seth Gallman from Northmarq, representing their respective parties in the transaction.
Players
Lakewood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93