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1571 Beeler St, Aurora, CO,...

Updated Sep 9, 2024

Aurora Commercial Property Sold For $6.3M With Seller's Rep Keith Hardy Of NorthPeak Commercial Advisors
SOLDMultiFamily

Aurora Commercial Property Sold For $6.3M With Seller's Rep Keith Hardy Of NorthPeak Commercial Advisors

1571 Beeler St, Aurora, CO, 80010

$6,300,000

$84/SF

Building Size

74,596 SF

Asset Type

MultiFamily

Closing

Nov 20, 2023

About this deal

AI

The property asset involved in the transaction is an affordable housing portfolio located at 1571 Beeler St, Aurora, CO 80010, and it encompasses 84 apartments within a total square footage of 74,596. The transaction was completed for a total price of $6,300,000.00, which equates to $75,000 per unit, in the Aurora market.

Summary of transaction details:

  • Property Type: Multifamily Portfolio
  • Transaction Amount: $6,300,000.00
  • Address: 1571 Beeler St, Aurora, CO 80010
  • Market: Aurora
  • Total Square Feet: 74,596
  • Number of Apartments: 84
  • Seller's Rep: Keith Hardy - NorthPeak Commercial Advisors
  • Buyer's Rep: Scott Fetter - NorthPeak Commercial Advisors

Keith Hardy and Joe Hornstein represented the undisclosed seller in this transaction, while Scott Fetter was in place to represent the undisclosed buyer. Both representatives are associated with NorthPeak Commercial Advisors, indicating their role in facilitating the sale of the portfolio.

Players

Keith Hardy

NorthPeak Commercial Advisors

Broker

$6.3M

vol

1 deal

Broker

Aurora MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $84 per square foot on a published $6.3M for 74,596 square feet (2024).

Visit NorthPeak Commercial Advisors to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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