Updated Sep 9, 2024
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
Aurora MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit NorthPeak Commercial Advisors to view all their deals.
Browse Colorado multifamily sales on Traded.
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