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13055 West Mississippi Court

Sagard Real Estate Acquires 260-Unit Multifamily Property In Lakewood For $104.6M
SOLDMultiFamily

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

Dave Martin

NorthMarq

Broker

$339.6M

vol

3 deals

Broker

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93