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.
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