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1220 Wadsworth Boulevard, L...

Turnstone Capital Acquires Multifamily Property In Lakewood, CO For $15.1M
SOLDMultiFamily

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

Alex Possick

JLL

Broker

$186.4M

vol

3 deals

Broker
TC
Turnstone CapitalBuyer

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

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93