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
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