Updated Dec 19, 2025
Chad McWhinney Acquires 60-Unit Townhome Community In Castle Rock For $24.7 Million
1457 Red Hawk Drive
$24,700,000
Units
60
Asset Type
MultiFamily
Closing
Dec 19, 2025
About this deal
AI
The asset involved in this transaction is a multi-family property located at 1457 Red Hawk Drive in Castle Rock, Colorado. The build-to-rent townhome community consists of 60 units, which were constructed in 2015. The property has a sale price of $24.7 million, resulting in a price per unit of $411,667.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $24,700,000
- Units: 60
- Price Per Unit: $411,667
- Buyer: Chad McWhinney - McWhinney
- Seller: Red Hawk Crossing
- Market: Castle Rock, CO
The acquisition will see McWhinney strategically expanding its build-to-rent portfolio in the Denver metropolitan area, with the management of the property being handled by Asset Living. Renovations are planned to enhance the property further.
On the Map
$24,700,000
MultiFamily
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Players
Castle Rock MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $411.7K per unit across 60 units on a published $24.7M (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93