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13686 East 14th Avenue, Aur...

Marcus & Millichap Brokers Secure $34.4M Sale Of 176-Unit Multifamily Property In Aurora, CO
SOLDMultiFamily

Marcus & Millichap Brokers Secure $34.4M Sale Of 176-Unit Multifamily Property In Aurora, CO

13686 East 14th Avenue, Aurora, Colorado 80011, United States

$34,400,000

Building Size

Asset Type

MultiFamily

Closing

Aug 17, 2022

AI

The multifamily property located at 13686 E 14th Ave in Aurora, CO was recently sold in a transaction facilitated by brokers Jason Hornik and Greg Price from Marcus & Millichap. The property consists of 176 units and was sold for a total price of $34,400,000, resulting in a per unit price of $195,455.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $34,400,000
  • Units: 176
  • Price per Unit: $195,455

This transaction marks an important milestone in the real estate market, as it signifies the successful sale of a multifamily property in Aurora, CO. The involvement of brokers Jason Hornik and Greg Price from Marcus & Millichap showcases their expertise and dedication in facilitating the deal. With their guidance, the seller was able to secure a favorable transaction amount for the property, providing a positive outcome for all parties involved.

Players

Jason Hornik

Marcus & Millichap

Broker

$123.3M

vol

4 deals

Broker

Aurora 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

0.46%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93