Sagard Real Estate Acquires 260-Unit Multifamily Property In Lakewood For $104.6M
13055 West Mississippi Court
$104,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 9, 2025
AI
Sagard Real Estate acquired a multifamily property located at 13055 West Mississippi Court in Lakewood, CO, for $104.6 million. The asset encompasses 260 units with a price per unit of $402,308. The community, built in 2020, includes modern apartment features and amenities such as a clubhouse, outdoor kitchen, pool, athletic club, and offers scenic mountain views.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $104,600,000
- Units: 260
- Price Per Unit: $402,308
- Market: Lakewood, CO
The deal was facilitated by brokers Brian Mooney and Dave Martin from NorthMarq, representing Sagard Real Estate 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93