Turnstone Capital Acquires Multifamily Property In Lakewood, CO For $15.1M
SOLD
$15,100,000
Colorado
See Similar DealsMultiFamily
Sold 09/30/2022
SOLD
Turnstone Capital Acquires Multifamily Property In Lakewood, CO For $15.1M
1220 Wadsworth Boulevard, Lakewood, Colorado 80214, United States
See Similar DealsMultiFamily
Sold 09/30/2022
Summary
COLORADO
Asset Type:MultiFamily
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$805,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,647.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,581.70
Annual Debt Service$858,980.44
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